₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,328,962 members, 8,438,152 topics. Date: Friday, 03 July 2026 at 03:24 AM

Toggle theme

Tinubu Begins Probe Of Cbn's N30tr Overdraft - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsTinubu Begins Probe Of Cbn's N30tr Overdraft (859 Views)

1 Reply (Go Down)

Tinubu Begins Probe Of Cbn's N30tr Overdraft by coputa(op): 3:58am On Mar 14, 2024
Senate President Godswill Akpabio yesterday inaugurated an ad hoc committee to investigate the N30 trillion Ways and Means Advances released by the Central Bank of Nigeria (CBN) to fund projects under former President Muhammadu Buhari’s administration.

The fund, which passed through the National Assembly, was without details, despite the commitment of the Executive to do so.


Inaugurating the ad hoc committee, Akpabio urged the members to be impartial, uncompromising, and confidential in handling the investigation.

The inauguration of the committee followed the adopted a resolution of the Senate Joint Committees on Banking, Insurance and other Financial Institutions; Finance; National Planning; Agriculture; and Appropriations.

The Senate President said the 10th Senate believed in transparency, accountability, and good governance.

He directed the committee members to prove their commitments as Nigerians waited to know how the huge sums of money were used.


The committee, which has 17 members, is chaired by Jibrin Isah, representing Kogi East.

Akpabio urged the committee to keep its findings away from prying eyes of journalists.

He said: “The constitution of this committee is a testament to the Senate’s unwavering commitment to transparency, accountability, and good governance. It reflects our dedication to addressing the concerns of the Nigerian people and upholding the principles of democracy.

“To the members of this esteemed committee, I implore you to approach your responsibilities with the utmost sense of patriotism, professionalism and integrity.

“Your investigation demands impartiality and fairness, always keeping the public interest and the welfare of our nation at the forefront.

“We must leave no stone unturned in our pursuit of the truth. Therefore, conduct thorough inquiries and dig out information that will assist the Senate in making laws for the betterment of our country.”


Isah assured the Senate of the committee’s commitment to do a thorough job.

The inauguration of the committee was attended by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; CBN Governor Olayemi Cardoso; the Accountant General of the Federation, Oluwatoyin Madein; the Auditor-General of the Federation, Shaakaa Chira; the Director General of the Debt Management Office (DMO), Patience Oniha; beneficiary ministries, departments, and agencies and institutions.
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by gaby(m): 4:42am On Mar 14, 2024
A conglomerate of criminals and idiots setting up a phantom probe panel to probe themselves.

Laughable to say the least.
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by fipy: 5:17am On Mar 14, 2024
The news doesn't have source ?
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by Sirianese: 5:23am On Mar 14, 2024
Probe fire cheesy
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by lonecatt(m): 5:43am On Mar 14, 2024
Everyday noise making just to distract the Nigerian space from their failures.
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by allthingsgood: 5:45am On Mar 14, 2024
gaby:
A conglomerate of criminals and idiots setting up a phantom probe panel to probe themselves.

Laughable to say the least.
Must u always be negativehuh
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by allthingsgood: 5:46am On Mar 14, 2024
lonecatt:
Everyday noise making just to distract the Nigerian space from their failures.
Nobody is distracting you
Revel in it dear
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by allthingsgood: 5:47am On Mar 14, 2024
Some people here are only good at complaining. They have problem for every solution. grin
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by lonecatt(m): 5:47am On Mar 14, 2024
allthingsgood:
Nobody is distracting you
Revel in it dear
the noise making has become a daily habit as it now seems they are fighting the air.
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by allthingsgood: 5:53am On Mar 14, 2024
lonecatt:
the noise making has become a daily habit as it now seems they are fighting the air.
You are the one on nairaland looking for the “noise”. Off your phone and rest
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by coputa(op): 6:41am On Mar 14, 2024
fipy:
The news doesn't have source ?
is that your problem,read and digest the info
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by lonecatt(m): 7:14am On Mar 14, 2024
allthingsgood:
You are the one on nairaland looking for the “noise”. Off your phone and rest
i will not off it come and beat me.
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by gaby(m): 1:48pm On Mar 14, 2024
allthingsgood:
Must u always be negativehuh
And you must quote me?
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by Melagros(m): 2:39pm On Mar 14, 2024
COMRADES, in the epistle, I heard that Akpabio constitutes committee to the overdraft 30trillion

Did Akpabio inaugurate any committee to investigate the 3trillion Naira padded on the budget budget?
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by honestivo(m): 3:52pm On Mar 14, 2024
Unending probe no evidence
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by Kaycee9242(m): 4:16pm On Mar 14, 2024
Story story, thief probing thief
Re: Tinubu Begins Probe Of Cbn's N30tr Overdraft by Paraman: 4:50pm On Mar 14, 2024
coputa:
Senate President Godswill Akpabio yesterday inaugurated an ad hoc committee to investigate the N30 trillion Ways and Means Advances released by the Central Bank of Nigeria (CBN) to fund projects under former President Muhammadu Buhari’s administration.
Are you intentionally trying to be mischievous?
1 Reply

G20: President Tinubu Begins Meeting With Indian InvestorTinubu Begins Constitution Of Cabinet, Economic Management TeamTinubu Begins Distribution Of Rice To Kano Residents (Photo)234

We Want Restructuring, Not A Coastal High WayBREAKING: Nigeria To Send First Civilian To SpaceIt Is Finished: Aliko Dangote's Emotional Plea