Buhari Appeals To Senate For $556m, £98m, N226b Debt Clearance

As his term’s end draws near, President Muhammadu Buhari is making a final appeal to the Nigerian Senate. He seeks approval for settling a judgement debt totaling $566,754,584.31, £98,526,012.00, and N226 billion.

This debt, according to a report by The PUNCH, has been incurred through the issuance of federal promissory notes.

“Resolving this debt issue could mark a significant conclusion to Buhari’s presidency,” stated a political analyst.

The president’s request was read to the Senate on Wednesday by Senate President Ahmad Lawan. This move signals Buhari’s determination to clear these debts before his departure.

The breakdown of the judgement debt includes:

• $566,754,584.31
• £98,526,012.00
• N226 billion in Naira

“Debt clearance will provide a smoother transition for the incoming administration,” commented a financial expert.

As the countdown to his exit begins, the focus now is on the Senate’s response to this urgent appeal by President Buhari.

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