Senate gives panel six weeks to probe N30tn CBN loans


The Senate President, Godswill Akpabio, has charged the panel members investigating the N30tn “Ways and Means” loans secured from the Godwin Emefiele-led Central Bank of Nigeria by the Federal Government not to leave any stone unturned, saying the panel must unravel everything about the facility.

The panel was also charged to probe the over N1tn Anchor Borrower Programme of the CBN under the immediate past administration.

Speaking on Monday in Abuja while inaugurating the 17-member Ad-hoc Committee probing the N30tn loan obtained during the former President Muhammadu Buhari’s administration, Akpabio charged the committee to spend six weeks in carrying out the exercise.

Abkpabio further admonished the lawmakers to shun personal and partisan interest, focus on the task at hand and approach their responsibilities with utmost balance, devotion and impartiality.

Recognising the sensitivity of the investigation at hand, Akpabio reminded them to constantly engage with relevant stakeholders and consultants to provide invaluable insights while maintaining open lines of communication with the executive and the public.

He however , told the panel that no aspect of the report must be leaked to the public until the task was concluded.

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