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Nairaland Forum / Nairaland / General / Politics / Buhari Questions Ministry Over $1bn Loan Diversion (375 Views)
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Buhari Questions Ministry Over $1bn Loan Diversion by paulperry(m): 9:50pm On Aug 10, 2015 |
President Muhammed Buhari
on Monday,August 10,urged
the Ministry of Finance to
account for the foreign loans
aimed at the rail projects but
used for other purposes.
Buhari called for the explanation
when he spoke at the presidential
villa after the presentation of the
Ministry of Transport,Premium
Times reports.The country leader lamented over
diversion of loans from one project
to another and added:“I hope that due process was
followed before such
diversions were carried out.Taking money from one
project to another has to be
done properly". President Buhari specifically
referred to the $1.005billion loan
received from the Chinese Exim
Bank for the construction of a rail
line linking Lagos with Kano. However, the money was used for some other project.The permanent secretary,who briefed the president,said that only $400million of that sum remained with the Ministry of Finance. |
Re: Buhari Questions Ministry Over $1bn Loan Diversion by bluaero(m): 9:51pm On Aug 10, 2015 |
hmm |
Re: Buhari Questions Ministry Over $1bn Loan Diversion by chocolateme(f): 9:57pm On Aug 10, 2015 |
E go hot oo for this country Me sef am feeling the heat from here. |
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