 To review the disbustment of 500 billion Naira Development Bank of Nigeria loan to six geopolitical zones resurfaced at the Senate, will lawmakers resolve in that the matter will be reinvestigated. Efforts to bring back the controversial motion by sponsor Ali Undame, suffered a setback last Wednesday as the Senate president Gutswill Agrabio stood it down and advised the sponsor to re-present it. Undame had queried a rationale behind the stepping-down noting that a fund was unevenly shared among states. During plenary, Senator Undame however raised the motion again, prompting a divided debate. While some lawmakers insisted that the disbustment was not favorable to some regions, others reminded them that the loan had criteria to be met. They have what they call participating financial institutions, that is microfinance banks. So far the bank is using about 64 of them, out of which 60 are in Lagos, four only are spread around the other 35 states in the country. And I want to also tell my colleagues that the other developmental finance institutions that they call DFI include Bank of Industry, Bank of Agriculture, Nigeria Export Finance and Import Bank, Federal Mortgage Bank of Nigeria, National Economic Reconstruction Fund, Nigeria Infrastructure Development Bank and NYSER. And I want to tell my colleagues that the ownership of the Development Bank of Nigeria specifically is owned by 60 percent of it is owned by the federal government of Nigeria. Mr. President, the institution that is involved here is a reputable institution. It is an institution that have laws, rules and principle that is guiding their day-to-day activities. That if Senator Alene Dume felt so bad about this, then let's go ahead and set up another committee to give it a second look and looking at all these criteria that has been set or put in place by this Development Bank and see if the region or all the regions in this country has been given a fair hearing in terms of access to this loan. It depends on the amount you've been able, if you raise one billion error, only one billion counterparts will be given for you to be able to assess that facility. So this was the reason and Lagos was able to give that. In fact, the area where I'm supposed to look at now is the criteria. But as I'm talking to you, 66 percent of these funds have been paid back. And the bank is only basing their criteria on the basis that you'll be able to repay this loan so that it will be on the above loan. So this is basically the issue not met by some geopolitical zones. Further explanation that the bank in question is owned by various international agencies, including the IFC. And it's not a wholly owned Nigerian bank. So its business, they may want to set their own criteria. And so the criteria for the states that are outside Lagos may not be able to be the criteria. And somebody also said that they were very interested in the collateral. And so if the collateral is located where they feel they cannot reach, if there was a breach, they may not accept. But still, I think we should look into the issue. What I think we should look into the issue is that there may be recommendations here that can help us in future. At the end, when there is a review or even the report that has been availed me now by the clock of the Senate, the report of the former Atro-Committee that was set up. Notification button so you get notified about fresh news updates.