Senate Accuses CBN Of Obstructing Probe Into N30trn Ways And Means

The Central Bank of Nigeria (CBN) is accused of dragging down the Senate’s Ad-hoc Committee on Ways and Means Advance’s investigation into the N30 trillion Ways and Means Advance and the Anchor Borrowers’ program under former President Muhammadu Buhari’s rule.

At a meeting where the committee expressed their frustration over the bank’s inability to provide crucial documents needed for the investigation, the committee made the accusation after receiving an interim report from its consultants. The committee, which was inaugurated a year ago by Senate President Godswill Akpabio, stated that the delay has significantly stalled progress on the investigation.

Chairman of the committee, Senator Isah Jibrin, criticised the CBN for withholding vital information, despite multiple requests, revealing major infractions with the preliminary reports of the CBN.

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He reaffirmed its commitment to ensuring accountability and transparency in the management of public funds and refuted rumors that the Senate had been compromised or disbanded.

“The information we have here is not different from what we have always heard.” When the consultants made this interim report available to us, we intended to hold onto the interim report until the final report, he said when we handed the documents to the consultants.

“But we feel compelled to make this interim report public so that people can see where the issue is, and the Central Bank of Nigeria consistently denied to us the documents we require to finish this work.” That is the truth.

” It was at the CBN sometimes, I met Bala the deputy governor. And they promised, but nothing came out of it. The Clerk has visited the location several times. There hasn’t been anything in it. Because we introduced them to CBN, nothing has changed since, so the consultants even decided to go with them directly.

Although Hamisu Abdullahi, the Director of Banking Services at the Central Bank of Nigeria (CBN), claimed that the apex bank had provided all the requested documents, Senator Isah Jibrin, the committee chairman, refuted the claim, insisting that the facts tell a different story.

Source: Channels TV