President Muhammadu Buhari had on Tuesday written the National Assembly seeking its approval for a $75m loan being the second tranch of the $ 225m World Bank credit facility granted the Edo state government under the 2012-2014 external borrowings.
The protesters, who carried placards bearing inscriptions such as “don’t approve the loan”, ” we don’t want loan” and ” We want action”, stationed themselves at the main entrance of the National Assembly.
It was learnt that the protesters stormed the assembly at about 10.am when Senators were going in for the day’s legislative duties.
Meanwhile, the request for the loan was on Wednesday referred to the Senate standing committee on local and foreign debts.
The motion for the loan request was moved by the Senate leader, Senator Mohammed Ali Ndume and it was seconded by Senator Philip Tanimu Aduda of FCT.
Ruling on the motion, the Senate President, Senator Abubakar Bukola Saraki granted Ndume’s request and referred it to the committee on debts.
