EDO INDIGENES STORM NASS,ASK SENATE NOT TO APPROVE $75M DOLLARS LOAN

The request sent to the Senate by President Muhammadu Buhari for approval of a $75 million loan request by Edo State may be running into turbulent waters, as protesters, on Wednesday, stormed the National Assembly, urging legislators not to approve the request by the Edo State government.

President Muhammadu Buhari had on Tuesday, August 4, 2015 written to the National Assembly seeking the approval of the loan being the second tranche of the $ 225 million World Bank granted the Edo State government under the 2012-2014 external borrowings.


The protesters displayed placards at the main entrance of the National Assembly, with some of the placards reading: “Don’t approve the loan”, ” We don’t want loan” and ” We want action”.

In the same vein, the Senate, on Wednesday, referred the request to its Standing Committee on Local and Foreign Debts.