Alhaji Ahmed Marafa Guni

Why we rejected N21.5bn #Sukuk bond – #Niger speaker

Speaker of the Niger State House of Assembly, Alhaji Ahmed Marafa Guni, has explained why the house rejected to access N21.5 billon Sukuk bond for infrastructure development. He said the house discovered a lot of discrepancies in the bond deal and, therefore, decided to send it back to the Executive. He added there were hidden costs in the loan which would tie down the state for several years. The speaker said the sukuk request could still be re-presented if those discrepancies are addressed. The government said it had asked the assembly to stay action on the request because of insinuations that the money was meant for the 2019 general election campaign.

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