ABUJA —STRONG indications have emerged that fresh crisis may loom between the presidency and the executive as senators are poised to reject the request of President Muhammadu Buhari for the approval of a N4.2 trillion bond.

It was gathered that the senators had taken this decision before they embarked on Easter break, just as both members of the upper and lower chamber were said to be unhappy that the executive failed to render account of the over N9.2 trillion loans or bonds approved by the National Assembly since 2016.

Investigations in the National Assembly confirmed that the lawmakers in both chambers are angry that President Buhari has failed to learn from the past experiences, especially the loan request of $200 billion which was abandoned as lawmakers showed no enthusiasm in handling it.

They claimed that the latest bond request to the National Assembly was another evidence of a President failing to play as a team member and one who treats the legislature with levity.

A senator who spoke on condition of anonymity, said the “sins” being counted against the latest loan request are multifaceted, leading to what they described as a near consensus feeling that the request be rejected.

If will be recalled that President Buhari, had in separate letters read in the House on Tuesday March 27 and in the Senate on March 28, requested for approval of a fresh N4.2 trillion bond.

One of the perceived sins of the President, according to lawmakers, was that he forwarded such a request without prior discussions with them.

Omeokachie:
But we were made to understand that both monies in the TSA and the ones recovered from "looters" is enough to finance the budget.


This so called loan request is for 2019 elections and not for developmental projects.


Senate should shoe it right back in their faces.

Okoroawusa:

This is a clear indication of your ignorance about how government and economies r run

surgical:
you that know educate him, that is when this your post will make meaning.

KEVIND:
ABUJA —STRONG indications have emerged that fresh crisis may loom between the presidency and the executive as senators are poised to reject the request of President Muhammadu Buhari for the approval of a N4.2 trillion bond.
It was gathered that the senators had taken this decision before they embarked on Easter break, just as both members of the upper and lower chamber were said to be unhappy that the executive failed to render account of the over N9.2 trillion loans or bonds approved by the National Assembly since 2016.

Investigations in the National Assembly confirmed that the lawmakers in both chambers are angry that President Buhari has failed to learn from the past experiences, especially the loan request of $200 billion which was abandoned as lawmakers showed no enthusiasm in handling it.
They claimed that the latest bond request to the National Assembly was another evidence of a President failing to play as a team member and one who treats the legislature with levity.
A senator who spoke on condition of anonymity, said the “sins” being counted against the latest loan request are multifaceted, leading to what they described as a near consensus feeling that the request be rejected.
If will be recalled that President Buhari, had in separate letters read in the House on Tuesday March 27 and in the Senate on March 28, requested for approval of a fresh N4.2 trillion bond.
One of the perceived sins of the President, according to lawmakers, was that he forwarded such a request without prior discussions with them.

https://www.vanguardngr.com/2018/04/fresh-crisis-looms-nass-moves-reject-buharis-n4-2trn-bonds/

ayokellany:
How do one educate most of your Ipob, fhools n a large % of you Igbos ? When you deliberately do not want to learn but rather chose to wail your pathetic souls to death.

ayokellany:
How do one educate most of your Ipob, fhools n a large % of you Igbos ? When you deliberately do not want to learn but rather chose to wail your pathetic souls to death.

ayokellany:
How do one educate most of your Ipob, fhools n a large % of you Igbos ? When you deliberately do not want to learn but rather chose to wail your pathetic souls to death.