Reps to criminalise govt loan abuse, excess public debt

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The House of Representatives has passed for second reading, a bill seeking to criminalise abuse of the Fiscal Responsibility Act 2007, especially concerning borrowing and public debt. The bill particularly proposes a three-year jail term and N500 million fine for a public official who breaches the provisions of Section 41 of the FRA. Sponsor of Read More



Source: Punch Newspaper