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Senate Uncovers 13 Infractions In N30 Trillion Ways And Means Loan
Senate Uncovers 13 Infractions In N30 Trillion Ways And Means Loan....KINDLY READ THE FULL STORY HERE▶
In an ongoing investigation, the Senate ad hoc committee has unearthed 13 infractions in the disbursement and utilization of the N30 trillion Ways and Means loan acquired during the tenure of former President Muhammadu Buhari from the Central Bank of Nigeria (CBN).
Chairing the committee, Senator Isah Jibrin (APC, Benue East), revealed that former CBN governor Godwin Emefiele unilaterally approved billions of naira across various tranches of the loan without adhering to due process.
Senator Jibrin disclosed these findings during an interactive session with the CBN team, led by Bala Bello, one of the deputy governors of the apex bank.
It was highlighted that Emefiele’s actions, contrary to the CBN Act, involved the unauthorized signing of billions of naira in 13 documents, which should have been approved in conjunction with the CBN board of directors.
“The committee of governors should have been signatories to the ways and means account, but we have evidence that the governor signed billions of naira in approximately 13 instances,” Senator Jibrin stated.
Expressing the need for clarity on the total figure of the ways and means loan, Senator Jibrin emphasized the importance of ascertaining the overall sum.
Regarding the Anchor Borrowers Programme, the committee acknowledged progress but stressed the necessity of completing the remaining 30%.
Furthermore, Senator Jibrin announced plans to summon CBN governor, Olayemi Cardoso, to provide insights into the ways and means loan.
“The current governor, who succeeded Emefiele, should be able to provide relevant information regarding Emefiele’s actions, as he took over from him, including knowledge of his assets,” Senator Jibrin asserted.
Ensuring accountability, Senator Jibrin affirmed, “Emefiele must provide an explanation to the current governor. We will extend an invitation to the governor, and if necessary, he will contact Emefiele for further clarification.”
The Peoples Democratic Party (PDP) in Kwara State has described moves to prosecute former Senate President Bukola Saraki and former Governor Abdulfatah Ahmed over alleged culpable homicide as an attempt to reopen the 2018 Offa robbery tragedy for political purposes.....KINDLY READ THE FULL STORY HERE▶
Stakeholders of the All Progressives Congress (APC) in Kogi State have restated their support for Senator Sunday Steve Karimi, who represents Kogi West in the Senate, while also calling for unity within the party ahead of future elections.....KINDLY READ THE FULL STORY HERE▶
A heated political exchange has erupted within the African Democratic Congress (ADC) presidential race, as camps backing former Vice President Atiku Abubakar’s rivals push back against his claims of superior popularity, especially in the North.....KINDLY READ THE FULL STORY HERE▶
Supporters of Peter Obi and Rabiu Kwankwaso rejected Atiku’s assertion that he remains the dominant northern vote-getter, insisting that such claims do not reflect today’s political realities.
The Kwankwasiyya Movement, aligned with a potential Obi-Kwankwaso ticket, dismissed Atiku’s influence in the North as largely elite-driven, arguing that Kwankwaso enjoys more genuine grassroots support.
Former Transportation Minister Rotimi Amaechi also reacted, faulting Atiku’s position and questioning the logic of relying solely on regional identity as a basis for presidential ambition.
Atiku, in a recent interview, had maintained that none of his northern rivals, including Kwankwaso, can match his electoral strength, while downplaying Kwankwaso’s influence beyond Kano State.
His remarks sparked criticism across political circles, with some opposition figures describing them as arrogant and dismissive of other contenders.
Kwankwaso’s camp, however, maintained that both Kwankwaso and Obi have more “organic” support bases compared to politically induced followership, warning that such comments could deepen divisions within the ADC coalition.
Amaechi also argued that the ADC presidential ticket should be determined through a competitive primary rather than consensus, insisting that all aspirants should be tested at the ballot.
The growing disagreement highlights rising tension within the opposition alliance ahead of the 2027 general elections, as key figures intensify positioning for the party’s presidential ticket.
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