Edo Loan Request: Protesters Storm National Assembly | Independent Newspapers Limited
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Edo Loan Request: Protesters Storm National Assembly

Posted: Aug 5, 2015 at 3:28 pm   /   by   /   comments (0)

Protesters on Wednesday, August 5, 2015 stormed the National Assembly urging legislators not to approve the $75 million loan request by the Edo State government.

President Muhammadu Buhari had on Tuesday, August 4, 2015 written to the National Assembly seeking the approval of a $75 million loan being the second tranch of the $ 225 million World Bank granted the Edo State government under the 2012-2014 external borrowings.

The protesters carried placards at the main entrance of the National Assembly some of which read: “Don’t approve the loan”, ” We don’t want loan” and ” We want action”.

Reports say that the protesters stormed the assembly at about 10.a.m. when Senators were going in for the day’s legislative duties.

However, the request for the loan was on Wednesday referred to the Senate Standing Committee on Local and Foreign Debts.

The motion for the loan request was moved by the Senate leader, Senator Mohammed Ali Ndume, and it was seconded by Senator Philip Tanimu Aduda of the FCT.

In ruling on the motion, the Senate President, Senator Abubakar Bukola Saraki, granted Ndume’s request and referred it to the committee on debts.