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President Buhari seeks new N2.342tr external loan

President Muhammadu Buhari, on Tuesday, urged the Senate to approve a new external loan of N2,343,387,942,848.00, about $6.183billion, for the Federal Government to finance the 2021 budget deficit.

Senate President Ahmad Lawan read Buhari’s letter of request on the floor of the Senate at plenary.

In other news, the Presidency has dismissed a story making the rounds that the Independent Corrupt Practices and Other Related Offences Commission, ICPC declared a son-in-law to the President wanted over $65m fraud.

It was alleged that the ICPC accused three persons of misappropriating sixty-five million dollars and had declared the trio wanted.

One of those allegedly declared wanted was son-in-law of President Muhammadu Buhari, Gimba Yau Kumo.

Yau Kumo was said to have married the President’s second daughter Fatima Buhari in 2016.

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