Reps Halts FG Plan to Raise N309bn Electricity Bond

by on April 29, 2016

The House of Representatives has called for a halt to plans by the Federal Ministry of Power, Works and Housing and the Nigeria Bulk Electricity Trading Company to raise a secured bond of 309 billion Naira.

The lawmakers queried the borrowing in view of the 213 billion Naira intervention by the Central Bank of Nigeria in 2015.
A joint committee has however been mandated by the lawmakers to investigate the matter.
More Details to follow….

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