Senate probes Buhari’s N30trn Ways and Means!


*Inaugurates ad hoc c’ttee, asks members to do diligent job

*Charges c’ttee to also investigate CBN’s Anchor Borrowers Programme

*Says move testament to Senate’s transparency, accountability, good governance

*That Senate will ensure Ways and Means are managed efficiently in accordance with the law

By Okechukwu Jombo

Senate has inaugurated an ad hoc Committee to probe over N30trillion embedded in the ways and Means as well as the Anchor Borrowers Programme of the Central Bank of Nigeria, CBN executed under the last administration of President Muhammadu Buhari.

Senate President, Senator God’swill Akpabio who performed the inauguration ceremony charged the members of the Committee to do a diligent job and report back to the Senate for further legislative action.

According to him “Today, we gather here with a common purpose – to inaugurate a crucial Ad-Hoc Committee. This Committee, which was constituted following the report of the Joint Committees on Banking, Insurance and other Financial Institutions; Finance; National Planning; Agriculture; and Appropriations after interacting with the Federal Government’s Economic Management Team, holds great significance as it is charged with the investigation of the Ways and Means, including the Anchor Borrowers’ Programme.”

“The constitution of this committee is a testament to the Senate’s unwavering commitment to transparency, accountability, and good governance. It reflects our dedication to addressing the concerns of the Nigerian people and upholding the principles of democracy”, he said.

He went further to charge members of the Committee to approach their responsibilities with the utmost sense of patriotism, professionalism and integrity.

He added that their investigation demands impartiality and fairness, always keeping the public interest and the welfare of Nigeria at the forefront, saying “We must leave no stone unturned in our pursuit of the truth. Therefore, conduct thorough inquiries and dig out information that will assist the Senate in making laws for the betterment of our country.”

He further said the success of the Ad-Hoc Committee hinges on collaboration, cooperation, and a steadfast commitment to the common good. Let us set aside personal and partisan interests, focusing solely on the task at hand.

“By working harmoniously, we can ensure that the Ways and Means in Nigeria are managed prudently, efficiently, and in accordance with the law”, he declared.