repayment

Governors Meet In Abuja Over Bailout Fund Repayment

Governors Meet In Abuja Over Bailout Fund Repayment

The 36 state governors, under the umbrella of Nigeria Governors’ Forum (NGF), are currently meeting in Abuja.
According to the itinerary, they were to discuss the time frame for the refund of the N614 billion bailout fund issued to their states by the Federal Government.

The News Agency of Nigeria (NAN) reports that the development was sequel to the notice given to the states by the Federal Government to recover the loan facility.

The governors, according to the meeting agenda, would deliberate on getting an update on deductions for budget support facility from the appropriate organ of government.

They were

Duke begs court over ₦537m debt, pledges repayment in 12hrs

Duke begs court over ₦537m debt, pledges repayment in 12hrs

A former Cross River State Governor Donald Duke yesterday told a Federal High Court in Lagos that he would pay his N537,334,360.77 debt to Asset Management Corporation of Nigeria (AMCON) in less than 12 hours.

Duke, through his counsel, Mr. Edoigiawerie Omoruyi, told Justice Nicholas Oweibo that he had approached AMCON with a promise to liquidate the debt before the end of yesterday, September 2, 2019.

He prayed for an adjournment to enable him settle the case out of court.

AMCON had on August 8, 2019 through its counsel, Juliet Reeds, obtained the court’s order to take interim possession of …