Happenings

Part of Recovered loot to fund the year 2017 budget

http://omotundealata.com/part-of-recovere…year-2017-budget

– President Muhammadu Buhari presented the 2017 appropriation bill to the National Assembly

President Buhari has presented the 2017 appropriation bill to the National Assembly which is N7.298 trillion proposal that will become effective immediately the Assembly approves and passes it back to the president for assent.

Daily Trust reports that in a revised Medium Term Expenditure Framework (MTEF) submitted to the National Assembly, it showed that $320million which is equivalent to N97.6 billion Abacha loot being expected from the Swiss government would be used to fund part of the budget.

Senator Udoma Udo Udoma who is the minister of budget and national planning said the fund was almost ready.

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