President Bola Tinubu has ordered that NMB Capital be paid N263 billion following the approval of its certificates.
Speaking to road contractors in Abuja, Minister of Works, David Umahi, stated that the president instructed them to coordinate with the Federal Inland Revenue Service (FIRS) to ensure prompt payment.
The minister assured that the NMB Capital funds would be disbursed, emphasising that the president’s certificate approval is the green light for execution.
“And of course, we must execute the tripartite agreement to facilitate your payment. This is very important,” he added.
According to the minister, “the president has approved the certificates of NMB Capital Limited (NMBCL) and has equally authorise that you be paid.
“He has directed them to liaise with FIRS to ensure you receive your payment. That process is underway and your funds will be released. Of course, we must execute the tripartite agreement to facilitate your payment. This is very important,” he stated.
NMB Capital (Mutual Fund) is registered with the Securities Board of Nepal by NMB Bank.
