Buhari seeks Senate approval to pay $556m, £98m, N226bn for judgement debts
President Muhammadu Buhari has asked the Senate to approve the payment of judgement debts awarded by different courts against the federal government.
The president said the judgement debts were awarded in different currencies which he summed up to $556,712,584,01; £98,526,013 and N226,280,801,801,64.
Mr Buhari’s request was contained in a letter read by the Senate President, Ahmad Lawan, at the Senate plenary on Wednesday.
In the letter, the president stated that the debts were awarded in litigations against federal ministries, departments and agencies of the federal government through the issuance of promissory notes.
He noted that the Federal Executive Council (FEC) had approved settlement of the judgement debts in its sitting on 29 March.
“Request for the settlement of Nigeria judgement debts secured by the federal ministries, department and agencies through the issuance of promissory notes,” the letter reads.
“The distinguished Senate President may wish to be informed that the Federal Executive Council FEC in its meeting on March 29, 2023 approved the settlement of top priority judgement debts secured by federal ministries, departments and agencies MDAs through the issuance of promissory notes,” it added.
“The judgement debts have been settled through the issuance of promissory notes which will then be reviewed over time for convinience for the federal government or of Nigeria.
“In view of the forgoing, I request the Senate to kindly consider and approve through its resolution, the settlement of the total judgement debts and general judgements incurred by the following MDS In the sum of USD five hundred and sixty six million, seven hundred and twelve thousand , five hundred and eighty four dollars , thirty one cent.
ALSO READ: EXCLUSIVE: Besides $9 bn P&ID ruling, Nigeria dogged by other huge contractual judgement debts
“British Pounds, Ninety eight million , five hundred and twenty six thousand, fourteen cents and Two hundred and twenty six billion, two hundred and eighty one million, eight hundred and one thousand, eight hundred and one naira sixty four kobo through the issuance of promissory notes.”
The president urged the Senate to request for additional information on the judgement debts from the Attorney General of the Federation and financial team of the Ministry of Budget and National Planning.
“The Attorney General of the Federation and Minister of Justice and the other team of finance , budget and national planning may provide any information that will be required for the consideration of this request.”
Support PREMIUM TIMES’ journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
Donate
TEXT AD: Call Willie – +2348098788999
President Muhammadu Buhari has asked the Senate to approve the payment of judgement debts awarded by different courts against the federal government.
The president said the judgement debts were awarded in different currencies which he summed up to $556,712,584,01; £98,526,013 and N226,280,801,801,64.
Mr Buhari’s request was contained in a letter read by the Senate President, Ahmad Lawan, at the Senate plenary on Wednesday.
In the letter, the president stated that the debts were awarded in litigations against federal ministries, departments and agencies of the federal government through the issuance of promissory notes.
He noted that the Federal Executive Council (FEC) had approved settlement of the judgement debts in its sitting on 29 March.
“Request for the settlement of Nigeria judgement debts secured by the federal ministries, department and agencies through the issuance of promissory notes,” the letter reads.
“The distinguished Senate President may wish to be informed that the Federal Executive Council FEC in its meeting on March 29, 2023 approved the settlement of top priority judgement debts secured by federal ministries, departments and agencies MDAs through the issuance of promissory notes,” it added.
“The judgement debts have been settled through the issuance of promissory notes which will then be reviewed over time for convinience for the federal government or of Nigeria.
“In view of the forgoing, I request the Senate to kindly consider and approve through its resolution, the settlement of the total judgement debts and general judgements incurred by the following MDS In the sum of USD five hundred and sixty six million, seven hundred and twelve thousand , five hundred and eighty four dollars , thirty one cent.
ALSO READ: EXCLUSIVE: Besides $9 bn P&ID ruling, Nigeria dogged by other huge contractual judgement debts
“British Pounds, Ninety eight million , five hundred and twenty six thousand, fourteen cents and Two hundred and twenty six billion, two hundred and eighty one million, eight hundred and one thousand, eight hundred and one naira sixty four kobo through the issuance of promissory notes.”
The president urged the Senate to request for additional information on the judgement debts from the Attorney General of the Federation and financial team of the Ministry of Budget and National Planning.
“The Attorney General of the Federation and Minister of Justice and the other team of finance , budget and national planning may provide any information that will be required for the consideration of this request.”
Support PREMIUM TIMES’ journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
Donate
TEXT AD: Call Willie – +2348098788999
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.