Senate rejects Buhari’s $29b loan request

Senate rejects Buhari’s $29b loan request

Tuesday, November 1, 2016 3:42 pm


 

Senate Chambers

Senate Chambers

The Senate on Tuesday rejected the request by President Muhammadu Buhari for approval to source 29.9 billion dollars loan from the World Bank.

The request which was introduced for consideration by the Leader of the Senate, Ali Ndume, and seconded by Sen. Emmanuel Bwacha at plenary, was rejected by majority of the senators in a voice vote.

The News Agency of Nigeria (NAN) reports that the voice voting was conducted two times by the President of the Senate, Dr Bukola Saraki, and the request was turned down both instances.

Meanwhile, the Senate on Tuesday received a request from President Muhammadu Buhari for approval to appoint non-career ambassadors.

The letter from the president conveying the request was read by Leader of the Senate, Ali Ndume, and President of the Senate, Dr Bukola Saraki, announced its acceptance for consideration.

The red chamber also received a letter from the president seeking approval to reappoint Mr Umoru Ibrahim as Managing Director of Nigeria Deposit Insurance Corporation (NDIC).


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