The lawmaker representing Adamawa Southern Senatorial District in the National Assembly Senator, Yaroe Binos, has revealed that some lawmakers called for the impeachment of the President, Major General Muhammadu Buhari (retd.), over his administration’s borrowing spree.
Binos, who said the lawmakers’ call for the impeachment of the President, came on the day the 2023 national appropriation bill of 21.82tn was passed by the National Assembly.
He also disclosed that the said lawmakers, whose names he did not mention, also sought Buhari’s removal as President over accumulation of over N22tn Central Bank loans in violations of CBN Act. This was as the lawmaker also chided the Governor of the Central Bank of Nigeria, Godwin Emefiele, for going into hiding, in order not to be called to account over the N22tn overdraft which the Presidency was seeking National Assembly to convert into a bond repayable in 40 years period.
Binos, who made the disclosure during a parley with members of the Nigerian Union of Journalists and members of the Correspondent Chapel of the NUJ, Adamawa chapter, lamented the humongous debt the Buhari administration would be leaving behind on May 29. He said the national debt stock which stood at N47tn would rise by another N23.7tn to over N70tn by the time the lawmakers approved the securitisation of the overdraft with the CBN.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
INTERVIEW: I'm 100% Nigerian & 100% American - US lawmakerI am 100 per cent both. I am 100 per cent Nigerian, I am 100 per cent American. I am very proud of where I am from and I am also proud of where I am at.
Read more »
NNPP lawmaker makes a u-turn, returns to APCMr Babangida said the NNPP has suffocated “all democratic ideals upon which my political journey has been anchored.
Read more »
Buhari to Troops Fighting Oil Theft: End Menace Before May 29 – THISDAYLIVE
Read more »
'Social consequences' -- Femi Adesina explains why Buhari didn't remove petrol subsidyFemi Adesina, special adviser to President Muhammadu Buhari, has explained why his principal didn't remove petrol subsidy.
Read more »
He’ll be greatly missed – Buhari reacts to Ayo Olukotun’s deathPresident Muhammadu Buhari on Thursday condoled with the academia and the media over the passing of revered Professor of Political Science, Ayo Olukotun,
Read more »
APC rejoices as Buhari agrees to campaign for Tinubu in 10 statesThe President had, on 15 November 2022, attended the flag-off of the presidential campaign in Jos. He thereafter stayed away from campaign activities.
Read more »