The Senate Ad hoc Committee investigating the N30 trillion Ways and Means facility granted to the federal government has accused the Central Bank of Nigeria (CBN) of frustrating its efforts to uncover how the loans were utilised. The N30 trillion…
The Federal Government has accused the Central Bank of Nigeria of misappropriating N2.73 trillion in interest payments from Ways and Means advances, raising alarms over the management of public funds. The allegation was made in the Federal Government’s consolidated financial…
The Central Bank of Nigeria (CBN) has reaffirmed that its Ways and Means Advances to the federal government will continue to be maintained at the 5 percent threshold for fiscal years 2024-2025. This is according to the Monetary, Credit, Foreign…
…Extends probe panel’s deadline by two months The Senate has approved an additional two months for the Ad-hoc Committee investigating the N30 trillion Ways and Means facilities granted to the Federal Government by the Central Bank of Nigeria (CBN) between…
…Akpabio stresses need for comprehensive expenditure probe, calls for stakeholder engagement By Sodiq Adelakun The Nigerian Senate has taken decisive steps to investigate the disbursement of a staggering N30 trillion by the Central Bank of Nigeria (CBN) through its “Ways…
Senate has urged its ad-hoc committee to ensure thorough investigation of the N30 trillion “Ways and Means” disbursed by Central Bank of Nigeria(CBN)during administration of former President Muhammadu Buhari. Ways and Means is a loan facility through which the Central…
