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Nairaland Forum / Nairaland / General / Politics / Senate Okays Jonathan’s $1bn Loanrequest For Arms (16065 Views)
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Senate Okays Jonathan’s $1bn Loanrequest For Arms by bruno419(m): 2:40pm On Sep 25, 2014 |
The Senate on Thursday approved President Goodluck Jonathan’s request of $1bn external loan to fight the ongoing insurgency in the country. The decision was taken following the submission of the report of the Senate Joint Committee on Finance and that of Local and Foreign Debt by the Chairman, Senator Ahmed Makarfi. Makarfi said the loan request was not in cash but supply of military hardware to be paid for, over seven years. He said the interest terms rate could not be indicated because it was the suppliers of the military hardware that would negotiate such agreement. He said, “Also, the request is for a ceiling of $1bn and not that, at the moment, the whole amount would be utilised. “Government will procure on the terms stated, based on needs assessment of our security agencies.” There was however, a mild drama on the floor of the red chamber when Senate President, David Mark; his deputy, Ike Ekweremadu; and Makarfi urged their colleagues not to subject the report to a debate because of its security implications. But the Senate Minority Leader, Senator George Akume; Senator Olubunmi Adetunmbi; and Babafemi Ojudu laboured in vain to frustrate the approval of the loan. Adetunmbi quoted relevant sections of the Nigerian constitution to argue that the loan request contradicted the Appropriation Act, and Fiscal Responsibility Act. He further argued that Jonathan should have requested for the loan through a supplementary appropriation bill. However, Makarfi clarified that Adetunmbi’s arguments were not relevant to the matter because the loan was not in cash. He said the National Assembly would be contacted by the executive for necessary appropriation whenever it was time to repay the loan in cash. Mark therefore called for a voice vote to determine the approval or rejection of the loan. Members of the ruling Peoples Democratic Party in the upper chamber voted in support while their counterpart in the All Progressives Congress voted against it. source: www.punchng.com/news/senate-okays-jonathans-1bn-loan-request-for-arms/ |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by Nobody: 2:42pm On Sep 25, 2014 |
$1Billion? Enough money to go round. 19 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by lekejob(m): 2:44pm On Sep 25, 2014 |
Ok, no probem, continue. I am tempted to wright this, on FP n 2nd 2 comment 4 that matter, I fell good. |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by Bigcake: 2:49pm On Sep 25, 2014 |
That's a good one, atleast it wasnt cash transaction. Period of seven years is okay. We can also use this arms to topple the government of President Paul Biya of cameroon because they are wicked neighbour. 21 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by bruno419(m): 3:03pm On Sep 25, 2014 |
lekejob: Ok, no probem, continue.all those money the are sharing 2 Likes 1 Share |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by Oklander: 3:09pm On Sep 25, 2014 |
chai...Thieves, what happened to all the money they have been pumping into security? Was it not this same government that said they have the money to buy ALL the arms needed? https://www.nairaland.com/1908799/fg-embezzle-1billion 9 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by bruno419(m): 3:16pm On Sep 25, 2014 |
seun,mynd44,do the needful 1 Like |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by bright8(m): 3:22pm On Sep 25, 2014 |
It's official. GEJ wins in 2015. Election money has just been released. Any how APC wants it they will get it. No shaking. 37 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by dulaman: 4:27pm On Sep 25, 2014 |
I thought shekau is dead and BH member surrendered? oh I forget election is near.. Nnpc $20b+ ayo $9.3m+$1b= PDP must win at all cost, buy the buyables,bribe the bribables.threaten the threatables,blackmail the blackmailables. 99 Likes 8 Shares |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by major466(m): 4:27pm On Sep 25, 2014 |
Now we're talking. Time to finish Boko Haram terrorist. Boko sympathisers will not be happy to hear this. Where is Hell Rufai when you need him? 14 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by Innodon(m): 4:27pm On Sep 25, 2014 |
Dem go Pocket am 6 Likes 1 Share |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by datbay(m): 4:27pm On Sep 25, 2014 |
I pray its used for what it was approved for. 1 Like |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by Babyboy1986(m): 4:27pm On Sep 25, 2014 |
Na today. 1 Like |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by Rilwayne001: 4:28pm On Sep 25, 2014 |
[size=15pt]$1 billion [/size] These people are hell bent in winning the presidential election next year. Nigeria will soon go bankrupt with the way this clueless goon is running her. #weneedachangeofgovernment ASAP 57 Likes 2 Shares
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Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by ibrews: 4:28pm On Sep 25, 2014 |
Atigbo! |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by ednut1(m): 4:28pm On Sep 25, 2014 |
let the sharing begin , the insurgency was all about money, they hv given shecow a nice vacation and killed a look alike to deceive us, diaris God o 21 Likes 1 Share |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by hemartins(m): 4:28pm On Sep 25, 2014 |
I know my country too well. What about the $9.3m seized is south africa. I'm sure there are many things we still don't know about how this money will be utilized. 7 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by sCross: 4:29pm On Sep 25, 2014 |
darn!!!! |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by Nobody: 4:29pm On Sep 25, 2014 |
crivelli * 1.85 = under 3 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by major466(m): 4:30pm On Sep 25, 2014 |
farrax2: AIRTEL FREE 28GB grab urs in N'A,I'J,A,F,A,P,P,E,R dot C+O+MWetin be ya own? You don mis road. 5 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by Onyenna(m): 4:30pm On Sep 25, 2014 |
Kk ooh... |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by austine4real(m): 4:30pm On Sep 25, 2014 |
Is insurgency fund not meant 4 d purchase of arms? 2 Likes 1 Share |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by agabusta: 4:30pm On Sep 25, 2014 |
This present administration has so much embarrassed us. Because they want to secure Nigeria now, they have to announce to the whole world that they are buying military gadgets. And they even have to take a loan to do that. 11 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by lilprinze: 4:31pm On Sep 25, 2014 |
$1 billion hmm they have successfully gotten another way to loot more money. They have not even brought the so called weapons they claimed they wanted to buy from South Africa they are busy approving $1 billion loan. 8 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by Ajagbe97(m): 4:32pm On Sep 25, 2014 |
let insurgency Just stop... anyway, anyhow.... #Dats all 2 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by major466(m): 4:32pm On Sep 25, 2014 |
Waiting for the children of anger to show up This news will be very devastating to them. 4 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by Coldfeet(f): 4:32pm On Sep 25, 2014 |
Mark therefore called for a voice vote to determine the approval or rejection of the loan. Members of the ruling Peoples Democratic Party in the upper chamber voted in support while their counterpart in the All Progressives Congress voted against it Opposition party in Nigeria is to perpetually counter whatever the Ruling party wants to do whether good or bad! Not one member of PDP found fault with the motion? And not One opposition member supports the motion? All this people are just "Zombie" 17 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by ITbomb(m): 4:33pm On Sep 25, 2014 |
I like this script Sheriff enter PDP, Jonathan declare, dem kill Shekeau, Boko Haram surrenders, some abducted girls released, money approved for security, campaign starts. Yeah GEJ Till 2019 19 Likes 2 Shares |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by Aitee1: 4:33pm On Sep 25, 2014 |
This country and money...hmmm make them grant me just a token to start my own biz they refuse they shld 'kontinu' looting in the name of insurgency... God will always provide for His children! 6 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by stinggy(m): 4:34pm On Sep 25, 2014 |
To be diverted into Oritsejafor's account again This present crop of leaders will bankrupt this country External debts keep piling up by the day. Whatever happens to all the security votes allowed for in the budget? Vagabonds in Power 16 Likes |
Re: Senate Okays Jonathan’s $1bn Loanrequest For Arms by jude33084(m): 4:34pm On Sep 25, 2014 |
No need naa! she cow is dead Abi na election money sharing formula be this 2 Likes |
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