The Senate ad-hoc committee probing the ‘N30 trillion ‘Ways and Means’ loan under former President Muhammadu Buhari has been given two months to submit its report.
The directive is coming after the committee missed its initial deadline.
Senate President, Godswill Akpabio, on March 11, 2024, inaugurated the 17-member ad hoc committee to probe the “N30 trillion ‘Ways and Means” secured under Buhari, and submit its report in “six weeks”.
The deadline has since passed and the panel is yet to submit its report.
The Senate approved the two-month deadline extension after chair of the committee, Isah Jibrin, requested it on the floor of the senate on Thursday.
Jibrin, the Senator representing Kogi East, said the investigation is still ongoing while disclosing that the said N30 trillion was arrived at on the basis of the documents provided to his committee by the Central Bank of Nigeria (CBN).
“We felt like we needed to get more details. We were told that all the records are domiciled with the auditor-general’s office – that is tenors and repayment schedules,” he had said.
“In fact, we were told that Ondo and FCT benefited from the ways and means and that there is a repayment schedule. We have written to them (auditor-general), but they have not written back.”
