Senate To Invite CBN Governor, Cardoso Over N30trn Ways And Means Loan
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The Senate Ad-hoc Committee is set to invite the governor of the Central Bank of Nigeria, Yemi Cardoso, over N30tn Ways and Means loans.
The committee is probing the loan to the Federal Government and has discovered 13 infractions in the process of obtaining the loan.
This came to the fore when the Chairman of the Committee, Senator Isah Jibrin (Kogi East) and other members of the committee met with officials of the CBN at the National Assembly on Tuesday.
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The team of CBN officials was led by Bala Bello.
The ad-hoc committee is probing the disbursement and usage of the N30 trillion Ways and Means loan obtained during the administration of former President Muhammadu Buhari from the CBN.
Jibrin said the former governor of the CBN, Godwin Emefiele, unilaterally signed billions of naira in the approval of different tranches of the loan without following due process.
The Kogi lawmaker stated that Emefiele illegally signed billions of naira in 13 documents.
