By Emman Ovuakporie

ABUJA—CHAIRMAN House Committee on Finance, Abdulmunin Jibrin, said, yesterday, that there was no time he said Nigeria will pay an interest rate of N45billion on the proposed $1billion loan request for the purchase of arms to combat Boko Haram in Nigeria.

Apparently reacting to a news publication, Jibrin said in a statement,”I did not say there is N45billion interest to be paid on the loan. What I said was that we have started consultation with security agencies and ministry  of finance.

“We scheduled a meeting before sallah break, the service chiefs  could not attend but sent apologies which we accepted. And that we have re-scheduled the  meeting  with them for Thursday, October 16.

“What I explained is that some issues will need clarification on the repayment plans and what portion of the loan is accrued to the various security agencies among other questions.”

The Chairman explained that  there is no  disagreement between the committee and the security agencies as our  relationship remain cordial.