Senate approves N14.6bn as refund to Bauchi

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By Henry Umoru

ABUJA- THE Senate, yesterday, approved promissory notes and bond issuances worth N14.623,031,107.51 billion to Bauchi State as reimbursement for projects executed on behalf of the Federal Government.

APC Supporters on the Street of Bauchi to Welcome President Buhari on his day one of his Working Visit to Bauchi State

The approval followed the adoption of the report of the Senate Adhoc Committee on Promissory Note Programme and a Bond Issuance to Settle Inherited Local Debts and Contractual Obligations on Refund to State governments presented by the Chairman, Senator Francis Alimikhena, APC, Edo North.

Presenting his report, Senator Alimikhena noted that although the Senate had initially excluded Bauchi and Kogi States, the committee, however approved refund for Bauchi, leaving out Kogi.

He, however, did not give any reason for excluding Kogi State, but said that after exhaustive deliberations and thorough review of the submissions of Bauchi State, the Committee…



Vanguard Newspaper