Chaos erupted in Wednesday at the house of representatives over a bill seeking to raise the ways and means cash advances from five percent to 10 percent.
According to TheCable, the opposition parties staged a walk out during plenary after an amendment by Kingsley Chinda, the minority leader, that the ways and means be reduced to two percent was rejected.
The existing law provides that the advance by the Central Bank of Nigeria (CBN) must not exceed five percent of the previous year’s revenue of the federal government.
Details later
Kazeem Badmus is a graduate of Mass Communication with years of experience. A professional in journalism and media writing, Kazeem prioritses accuracy and factual reportage of issues. He is also a dexterous finder of the truth with conscious delivery of unbiased and development oriented stories.
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