Reps demand settlement details for N2.7tn

The House of Representatives has demanded the details of the plan,
Federal Government announced, N2.7tn to offset in accumulated local debts and other services.

Lawmakers passed a resolution asking the Minister of Finance, Mrs Kemi Adeosun, to appear before them in plenary with the details of the proposal.

The decision was taken after a member from Anambra State, Mr Obinna Chidoka, reported that the state was excluded from the list of states to benefit from the payment, particularly the releases to be made to address ecological problems.

Mrs Adeosun, said, debts piled up since 1994 would be settled through the issuance of promissory notes and bonds.

Adeosun listed other government obligations to be settled to include debts owed contractors, employees, power firms, pensioners and state governments.

UCJ, UNILORIN.