FEC approves IOUs to clear N740.75bn local debts – Adeosun

13 July 2017, Sweetcrude, Lagos- The Federal Executive Council has approved the issuance of promissory notes for the settlement of debts owed local contractors worth N740bn. The Minister of Finance, Mrs Kemi Adeosun, gave the hint while addressing newsmen after the Federal Executive Council meeting, adding that debts to GENCOS, DISCOs and state governments stood at N193.69bn. […] More »