Nigeria has issued debt securities worth $1.18 billion to settle various judgment debts, outgoing President Muhammadu Buhari said in a public letter requesting parliament's approval.
Buhari, who is due on Monday to hand over power to President-elect Bola Tinubu, said his cabinet approved on March 29 the settlement of judgment and general debts owed by government by issuing promissory notes.
The judgment debts in the sum of $566.75 million, 98.52 million pounds sterling and 226.28 billion naira were incurred by federal ministries, department and agencies, Buhari said without further details.
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