The House of Representatives may summon President Muhammadu Buhari over plans to request a $29.96bn loan, Punch reports.
Speaking to Punch, an official of the National Assembly said, “There will be serious legislative fireworks this week because we are not in ordinary times in Nigeria.
“Any loan that generations after today will continue to repay raises a lot of questions, and the person to provide the answers is Mr. President himself.”
It was gathered that some lawmakers are requesting for more details on what the loan from the President himself.
A member stated, “$29.96bn is not N29bn. This is a huge amount of money. What do you want to do with it?
“It is not enough for you to write the parliament and say approve for agriculture and all that. Where are the details of the proposed expenditure? This loan request will not have an easy ride.”
Minority Leader, Leo Ogor said members were questioning the loan because recovered loots were yet to be accounted for.
“We have not seen the details of the loan. We will have to see the details and compare the proposal with the provisions of the Debt Management Office Act.
“There is so much money recovered from looted funds, Treasury Single Account. How have we utilised the money?
“We are not going to approve any loan without first seeing the details; make comparison with our DMO Act and our foreign liabilities,” he said.
