Means

Senate Uncovers Several Infractions In N30trillion Ways And Means Loans Under Buhari, Summons Central Bank Ex-Gov Emefiele

9 months ago1044 min

The upper legislative chamber of the National Assembly, the Senate is set to summon the former Governor of the Central Bank of Nigeria, Godwin Emefiele, over 13 infractions uncovered in the process of obtaining the N30 trillion Ways and Means loan during the administration of former President Muhammadu Buhari. The Senate ad hoc committee probing the disbursement and usage of the Ways and Means loan, which disclosed this on Tuesday, during a meeting with the...

by Probitas

News Nigeria

N22.7trn Ways & Means: House of Reps rejects $15m bribe from executive

2 years ago763 min

The House of Representatives has refuted claims that the executive branch of the government paid $15 million to support President Muhammadu Buhari’s request to restructure the N22.7 trillion in Ways and Means advances obtained from the Central Bank of Nigeria (CBN). Rep. Benjamin Kalu, spokesman for the House of Representatives, said in a statement on Friday that the allegations were not only false but also baseless and unfounded. He called the report malicious. He clarified...