Top Story

Senate approves N10bn loan refund to Kogi State two days to Guber poll

628

 

With just two days to the Kogi state gubernatorial election, the Senate has approved the loan refund of N10.069 billion to Kogi State government.

The approval followed a report on Wednesday by the Chairman, Senate Committee on Local debts and Foreign Loans, Senator Clifford Akhimienmona Ordia, stating that the Kogi State government carried out repairs on seven Federal Government roads in the state.

Reading the report, Ordia said necessary findings conducted showed that due process was followed by the Kogi State government in executing the Federal Government projects.

He said: “Senate on 16th October, 2019, began consideration of President Muhammadu Buhari’s request to approve N10.069 for Kogi State government, being refunds of expenses done on behalf of the Federal government.

“The approved sum is in Capital Expenditure, which has to do with refund to the State Government for monies spent in the execution of Federal Government Projects in the state.

“The Committee interacted with the Permanent Secretary, Federal Ministry of Works, Permanent Secretary of the Federal Ministry of Finance, and the Director-General of Debt Management office, as well as the Kogi State Ministry of Finance, in line with set rules on approval of funds and found satisfactory.”

However, the approval was resisted by Senators from the opposition party, as they questioned the timing, and cautioned the senate on approving the refund at a time when the gubernatorial election of the state was in two days.

Speaking on behalf of the opposition lawmakers, the Minority Leader, Senator Enyinaya Abaribe, asked the Senate to delay the approval until next week, stressing that the money could be used to fund election.

He said: “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.”

The Senate President, Ahmed Lawan, however disagreed with Abaribe saying the loan request came in the eight assembly and has been delayed enough.

According to Senator Lawan, “the approval of the refund only coincides with the election.

“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.”

The Senate President subjected the matter to a voice vote, and it was approved after majority voice votes were taken.

Leave a comment

Related Articles

When a Visa Becomes a Verdict: How America’s New Travel Restrictions Will Punish Ordinary Nigerians

By Olufemi Soneye By any measure, the latest expansion of U.S. travel...

Trump Adds Nigeria to Partial U.S. Travel Restrictions as New Ban Takes Effect January 2026

President Trump has expanded America’s travel restrictions, placing Nigeria on a list...

Dangote Provides Details of NMDPRA CEO’s Alleged $5m Swiss School Fees

Aliko Dangote, chairman of the Dangote Group, has revealed further details of...

My husband believed ‘Aso Rock gossip’ that I plotted his death – Aisha Buhari

Explosive details from former First Lady Aisha Buhari are contained in the...

Terrorism Financing, Money Laundering Allegations: Probe Driven By ‘Deep-seated Historical Animosity’ – Malami

A former Attorney-General of the Federation and Minister of Justice, Abubakar Malami...

Presidency Denies Use of EFCC to Witch-hunt Opposition

The Nigerian Presidency has staunchly rejected allegations that President Bola Tinubu is...

Coastal Highway: FG Opens 47.47km Lagos–Calabar Stretch for Yuletide Movement

The Federal Government has temporarily opened the 47.47km Section One, Phase One...

Breaking: N2.2bln Fraud – Buhari’s Labour Minister Ngige Remanded in Kuje Prison

Chris Ngige, the former Minister of Labour and Employment under the late...

Breaking: Bayelsa Deputy Governor Dies After Sudden Collapse in Office

Bayelsa State Deputy Governor, Sen. Lawrence Oborawharievwo Ewhrudjakpo, has been reported dead...

Bayelsa Deputy Governor, Collapses, Rushed to Hospital

Bayelsa Deputy Governor, Sen. Lawrence Ewhrudjakpo, was reportedly rushed to the Federal...

Senate Gets Pres. Tinubu’s 2026-2028 Budget Framework

President Bola Tinubu submitted the 2026–2028 Medium Term Expenditure Framework (MTEF) and...

Nine Fatalities as High-Speed Trailer Rams Into UNIJOS Students Bus in Jos

A devastating accident occurred in the early hours of Thursday, December 11,...

Family of Three Killed in Horror Multiple Crash on Lagos-Ibadan Expressway

A devastating multi-vehicle collision on the Lagos-Ibadan Expressway has claimed the lives...

Osun Guber: Adeleke Clinches Accord Party Ticket, Pledges Victory in 2026

The Accord Party has confirmed incumbent Osun State Governor, Ademola Adeleke, as...

Alleged N2.4bln Fraud: FG Arraigns Ex-Aviation Minister Stella Oduah, Odita

Former Aviation Minister Stella Oduah and co-defendant Gloria Odita were arraigned in...

Nigerian Fighter Aircraft Sent to Benin Amidst Military Coup Crisis

The Nigerian military has reportedly deployed fighter aircraft to the Benin Republic...

Updated: Benin’s Interior Minister confirms stability restored after brief military mutiny

Benin’s Interior Minister said on Sunday that the Army had thwarted an...

Breaking: Benin Republic Under Military Control After Coup

A group of military officers has seized power in Benin Republic, announcing...

Just In: Air Force Confirms Jet Crash in Niger Community

A Nigerian Air Force (NAF) jet reportedly crashed near Karabonde in the...

Kenyans Dominate Abuja City Half Marathon, Take Home $25,000

Kenyan athletes made a clean sweep of the men’s and women’s categories...