The Senate has invited the Minister of Finance, Mrs. Kemi Adeosun; Minister of Defence, Brig.-Gen. Mansur Dan-Ali (retd.); and Governor, Central Bank of Nigeria, Dr. Godwin Emefiele, over the alleged illegal withdrawal of $462m from the Consolidated Revenue Account. The money was said to have been withdrawn and paid to an American firm for the purchase of helicopters. It was, however, alleged that it was done with the approval of the National Assembly.

At the plenary on Tuesday, Senator Samuel Anyanwu (PDP, Imo-East) raised a point of order, alleging that Section 80(2) and (3) of the 1999 Constitution had been breached.

Deputy President of the Senate, Ike Ekweremadu, who presided over the plenary, put the request to voice vote and it was unanimously granted. Ekweremadu referred the matter to the Committee on Appropriations, asking it to invite the ministers and the CBN governor.

http://punchng.com/breaking-senate-summons-emefiele-adeosun-other-over-462m-helicopter-purchase/

Over 150 billion naira arbitrarily expended on frivolities in a country where health workers will be embarking on an indefinite strike today midnight over pay.
Naija, I hail thee

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Nigeria blowing money like a First World country.


The rate at which we hear about millions of dollars, it would seem as if the CBN mints it.