His Excellency President Mohammadu Buhari during a nationwide broadcast on the Corona Virus (COVID 19) pandemic yesterday April 1, 2020, announced restriction of movements in the Federal Capital Territory (FCT), Lagos and Ogun State. The restriction of movements was based on the need to keep the populace safe and contain the spread of the disease.
As a result of this development, the Debt Management Office (DMO) has suspended the FGN Savings Bond Offer for the month of April, 2020 which was scheduled for April 6-10, 2020.
The DMO wishes to assure the general public that the FGN Savings Bond Offer will resume when the conditions change. It should be noted that the suspension of the April 2020 Offer will not affect Coupon Payments due to Investors for already issued FGN Securities as arrangements have been made to ensure that all Coupon Payments for and redemption of FGN Securities are made as and when due to Investors designated accounts.
–Based on the press release from the DMO’s Office .
