Tambuwal |
The resolution was sequel to a motion moved by Honourable Nnanna Igbokwe, who observed that the loan was not included in the 2013-2015 Medium Term Expenditure Framework presented by the executive and not even included in the 2013 budget.
According to him, section 44 (2a) of the Fiscal Responsibility Act prescribed a mandatory condition for borrowing by the Federal Government and its agencies, noting that the action of NNPC was a breach of the provision.
TRIBUNE
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