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Contract defaults: FG seeks N’Assembly approval to pay aggrieved investors N544bn
The President, Major General Muhammadu Buhari (retd.), has written to the National Assembly to seek approval for payment of judgment debts owed by the Federal Government to the tune of $566.7 million, £98.5m and N226.2 billion. The debt when converted to naira using the official dollar rate of N460.78 and N574.3 for pounds amounted to