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Friday, July 19, 2024

Senate To Probe N30trn Ways And Means Under Buhari

The article delves into the concerns voiced by Chief Whip Ali Ndume and Deputy Senate President Barau Jibrin regarding the lack of transparency surrounding a $2.4 billion forex transaction and other intervention programs out of a $7 billion obligation.

Senator Ndume was in the 9th Assembly that approved the anticipatory funding request from Buhari’s administration.

Ndume emphasized that the detailed breakdown of the Ways and Means Advances wasn’t presented to the Ninth National Assembly, citing the constitutional limitations on reviewing expenditures post-approval.

Jibrin supported this stance, highlighting that despite approving funds for emergency purposes, the promised details were never provided.

Senate President Ahmad Lawan clarified that the Ninth Senate approved N22 trillion, not the reported N30 trillion, expressing reservations about the ongoing investigation into the Ways and Means Advances.

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