Reps call for halt on FG’s planned N309bn electricity bond

28 April 2016 12:22 pm WAT

By The Sun

The House of Representatives has called on the Federal Ministry of Power, Works and Housing and the Nigeria Bulk Electricity Trading Company to halt the plan to raise a secured bond of N309 billion .
The lawmakers queried the borrowing in view of the N213 billion interventions by the Central Bank of Nigeria in 2015.
A joint committee has been mandated by the lawmakers to investigate the matter.

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