SAN FRANCISCO, October 15, (THEWILL) – President Muhammadu Buhari has written to the Senate to approve the payment of N10.069billion as settlement of promissory note to the Kogi State Government.
President of the Senate, Ahmad Lawan read Buhari’s letter of request on the floor of the Senate on Tuesday.
The sum is a refund for projects executed on behalf of the federal government by the Kogi state government.
In the letter, Buhari said the 8th assembly led by Bukola Saraki had approved payment for 24 states out of the 25 owed by the government.
He said the claims made by the states have been verified by the ministry of works and housing, Bureau of Public Procurement (BPP) and have been approved by the federal executive council (FEC).
“The senate is hereby requested to kindly approve the issuance of promissory note to the sum of N10,069,692,410.15 as refund to Kogi state government as payments for projects executed on behalf of the federal government while looking forward to the timely issuance of the resolutions of the national assembly for the refund to Kogi state government,” he said.
Lawan referred Buhari’s request to the committee on local and foreign debts which is expected to turn in its report in two weeks.