The Senate on Wednesday moved to cut down the volume of domestic debts owed the local contractors when it approved the payment of N401.154 billion to seven contractors and 270 exporters. The decision was reached following the adoption of the report of the National Assembly Conference Committee Report on Promissory Note Programme And Bond Issuance, which was presented by the chairman of the Committee, Senator Francis Alimikehena (APC, Edo North). In another development, the Senate also on Wed Senate also yesterday confirmed the appointment of Modibbo Hamman Tukur as Director of the Nigerian Financial Intelligence Unit (NFIU). The confirmation followed the presentation of a favourable report by the Committee on Anti-Corruption and Financial Crimes headed by its Chairman, Senator Chukwuka Utazi (Enugu North). He said the committee decided to recommend Tukur to Senate for confirmation as NFIU Director based on his qualification, experience and suitability.

Source: Nigerian Tribune January 23, 2019 18:11 UTC