The National Assembly has secretly given approval of one billion dollars Eurobond loan to finance 2016 budget deficit, Elombah.com has gathered.
Senate’s spokesman, Abdulahi Sabi in attempt to defend National Assembly gave an insight to the development.
Sabi said: “As at today, the only request for approval from the Executive for loan was the one dated January 27, 2017 and signed by Acting President, Professor Yemi Osinbajo seeking a “resolution of the National Assembly For the Issuance of USD 1 Billion EuroBond In the International Capital Market For The Funding of the 2016 Budget Deficit” and we immediately granted the approval.
“Also, in the letter quoted above, the Government mentioned the two rail lines cited by the minister as part of the projects for which the EuroBond will be utilised. So, we cannot understand what the grouse of Mr. Amaechi is.”
More details will follow…