The Senate has approved payment of N148 billion promissory notes to Bayelsa, Cross River, Ondo, Osun and Rivers states as refund for projects executed on behalf of the federal government.
This followed the adoption of a report by Committee on Local and Foreign Debts, led by Ordia Clifford (PDP-Edo), at plenary, yesterday.
The Federal Government had sought the approval of the Senate for issuance of promissory notes for refund on federal projects executed by state governments. (Sun)