The investigation into the N226,281,801,881.

Additionally, in order to protect the government's financial stability, the lower legislative chamber decided to acknowledge the urgency of dealing with these judgment debts.

The parliament's decision followed the adoption of a motion by Hon. Lanre Okunlola on Thursday during plenary on the urgent need to ensure the prompt payment of top-priority judgment debts incurred by MDAs through promissory notes.

The lawmaker who proposed the motion argued that in order to protect the government's finances and reputation, judgment debts should be resolved right away because they are top priorities.

He insisted that dealing with these judgment debts in a responsible and open way was crucial.

Okunlola said: “The various Ministries, Departments, and Agencies (MDAs) of government have incurred substantial judgment debt totaling the sum of $556,754,584.81, £98,526.17, and N 226,281,801,881.64, which pose a significant financial burden on our nation’s finances.”

Following the adoption of the motion, the House resolved to “investigate the existence and magnitude of the judgment debt incurred by MDAs.

“Recognizes the urgency of addressing these judgment debts to safeguard the financial stability of our government.

“Authorize the issuance of a promissory note to settle these judgment debts.”

The House also mandated its Committee on Aids, Loans, and Debt Management to oversee the process of issuing promissory notes and report back accordingly.