Reps to criminalise govt loan abuse, excess public debt

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The House of Representatives has passed for second reading, a bill seeking to criminalise abuse of the Fiscal Responsibility Act 2007, especially concerning borrowing and public debt.

“ Non-compliance with the provisions of this section shall make the action taken an offence.”

Ogun stated that the bill, when passed into law, would “address the lacuna in the Act, obviate impunity and serve as a mechanism for making government officials accountable.” “The Act provides for prudent management of the nation’s resources, ensures long-term macro-economic stability of the national economy, secures greater accountability and transparency in fiscal operations within the medium-term fiscal policy framework and promotes fiscal discipline.

 

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Closing the stable door after the horse has bolted. What a pack of clowns!

After Buhari has borrowed the future of two generations away...dey play

Reps should also criminalize large legislatures pay packages.

The Reps are not also left aside to be criminalise for the abuse.

When administration Wan change ..chichichi I laugh in obidient 😌

They have just woken up! Good morning reps...

Them just wake up 😂🤣🤣🤣🤣🤣🤣

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