Senate approves N10bn loan refund for Kogi




Nigerian Senate

The Senate has approved the N10 billion loan refund for Kogi State.

The Senate President, Ahmad Lawal gave the approval on Wednesday after Chairman of the Senate Committee on Local and Foreign Loans, Senator Clifford Ordia, presented the report of his panel.

Ordia said his committee found out that due process was followed by the Kogi State government in executing Federal Government projects.

He also disclosed that the Federal Government agencies in charge of the refund had approved the loan payment.

“Based on our findings, some of the highways were in the state of disrepair before the intervention was carried out.

“The state government has paid all the contractors that constructed the road.

“Our humble recommendation is that the senate do approve the refund of N10 billion for projects executed on behalf of the federal government,” he said.

However, the Minority Leader, Enyinnaya Abaribe made attempts to stop the approval, stating that it is not the right for such loan refund and the approval appeared too hasty.

He suggested that the approval should be delayed for one week after the Kogi Governorship elections which would hold on Saturday, November 16.

What I don’t want is the misuse of these funds because it is for the people of the Kogi state,” 

“This is not the right time to approve such loan refund. Exigency of the time suggest that we should delay for one week so that the money would not be used for something else,” he said.

His suggestion was discarded by Lawan who stated that the Senate can approve the payment of money anytime, adding that the timing is a coincidence.

He said “Kogi state applied for this in the last senate, all the other states were paid. Kogi was not approved at that time, we as a senate has seen it as a necessity and it is a coincidence.”

Recall that President Muhammadu Buhari had sent a letter to the Senate, seeking its approval for the payment of N10 billion loan refund to Kogi State for projects executed on behalf of the Federal Government.

President Buhari said the loan refund would be used by the Kogi state government to settle local debts it incurred while executing Federal Government projects.




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