Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • ‘I Cannot Guarantee Your Safety’, Edo Governor Warns Peter Obi Over Unannounced Visits
    • In Kano, Tinubu Mourns Dantata, Hails His Integrity, Lifelong Philanthropy
    • How Civil Servants Diverted World Bank Cash For Schools Hit By Boko Haram – ICPC
    • AGF Denies FG’s 25% Share Acquisition In First Bank Holdings
    • Labour Party NEC Elects Nenadi Usman As Interim National Chairperson
    • Goronyo Commissions Remodelled National Engineering Centre In Abuja
    • Tinubu Arrives In Kano For Dantata’s Condolence Visit
    • Tinubu Appoints IBB’s Son, Muhammad As Chairman Bank Of Agriculture, Others To Head Federal Agencies
    Facebook X (Twitter) Instagram
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    • HOME
    • NEWS

      ‘I Cannot Guarantee Your Safety’, Edo Governor Warns Peter Obi Over Unannounced Visits

      July 18, 2025

      In Kano, Tinubu Mourns Dantata, Hails His Integrity, Lifelong Philanthropy

      July 18, 2025

      How Civil Servants Diverted World Bank Cash For Schools Hit By Boko Haram – ICPC

      July 18, 2025

      AGF Denies FG’s 25% Share Acquisition In First Bank Holdings

      July 18, 2025

      Labour Party NEC Elects Nenadi Usman As Interim National Chairperson

      July 18, 2025
    • COLUMN

      Musings On Muhammadu Buhari – By Azu Ishiekwene

      July 17, 2025

      Today, We Give Way To Our Readers To React – By Dr Hassan Gimba

      July 14, 2025

      Is The World Shutting Its Door To Nigeria? – By Dr Dakuku Peterside

      July 14, 2025

      The Salvo From Boss Mustapha – By Kazeem Akintunde

      July 14, 2025

      Land Grab: Why Uni-Abuja Needs Presidential Protection – By Martins Oloja

      July 14, 2025
    • EDUCATION

      13 Countries Offering Free Or Low-Cost PhD Programmes For Non-Citizens

      January 25, 2025

      NECO: Abia, Imo Top Performing States In Two Years, Katsina, Zamfara Come Last

      October 3, 2024

      NBTE Accredits 17 Programmes At Federal Polytechnic Kabo

      August 20, 2024

      15 Most Expensive Universities In Nigeria

      May 19, 2024

      FULL LIST: Tinubu Appoints Former SGF Yayale, Ex-Governor Yuguda, Muhammad Abacha, Jega In Universities’ Governing Councils

      May 18, 2024
    • INTERNATIONAL

      Israel Kills Three In Gaza Catholic Church Sheltering Elderly, Children

      July 17, 2025

      Iraq Shopping Mall Fire Kills Over 60 Persons, Mostly Women, Children

      July 17, 2025

      Three Killed As Israel Bombs Syrian Defence Ministry, Near Presidential Palace

      July 16, 2025

      Russia Seizes $150 Million Cocaine Haul Hidden In Banana Shipment

      July 16, 2025

      Mass Casuality Attack In Gaza As Israel Guns Down Starving Palestinians

      July 15, 2025
    • JUDICIARY

      FULL LIST: Judicial Council Recommends Appointment Of 11 Supreme Court Justices

      December 6, 2023

      Supreme Court: Judicial Council Screens 22 Nominees, Candidates Face DSS, Others

      November 29, 2023

      FULL LIST: Judicial Commission Nominates 22 Justices For Elevation To Supreme Court

      November 16, 2023

      Seven Key Issues Resolved By Seven Supreme Court Judges

      October 26, 2023

      FULL LIST: CJN To Swear In Falana’s Wife, 57 Others As SANs November 27

      October 12, 2023
    • POLITICS

      What Peter Obi May Lose If He Joins Coalition As VP Candidate

      May 25, 2025

      Atiku Moves To Unseat Wike’s Damagum As PDP Chairman, Backs Suswam As Replacement

      April 15, 2024

      Edo’s Senator Matthew Uroghide, Others Defect To APC

      April 13, 2024

      Finally, Wike Opens Up On Rift With Peter Odili

      April 2, 2024

      El-Rufa’i’s Debt Burden: APC Suspends Women Leader For Criticising Kaduna Gov

      March 31, 2024
    • SPORTS

      Liverpool Close In On Bundesliga Star, Ekitike In £70m-Plus Deal

      July 17, 2025

      Super Falcons, Zambia Clash Friday In WAFCON Quarter-Final

      July 16, 2025

      Real Madrid’s Bellingham To Miss 12 Weeks After Shoulder Surgery

      July 16, 2025

      Super Eagles’ Forward, Awoniyi Returns To Full Training After Surgery, Induced Coma

      July 15, 2025

      Barca Star Yamal Faces Probe Into Dwarf Entertainers At 18th Birthday

      July 15, 2025
    • MORE
      • AFRICA
      • ANALYSIS
      • BUSINESS
      • ENTERTAINMENT
      • FEATURED
      • LENS SPEAK
      • INFO – TECH
      • INTERVIEW
      • NIGERIA DECIDES
      • OPINION
      • Personality Profile
      • Picture of the month
      • Science
      • Special Project
      • Videos
      • Weekend Sports
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    Home - Senate Accuses CBN Of Blocking Probe Into N30trn Ways And Means

    Senate Accuses CBN Of Blocking Probe Into N30trn Ways And Means

    By Hamza RufaiFebruary 26, 2025
    Cardoso Senate

    THE Senate Ad-hoc Committee on Ways and Means Advance has accused the Central Bank of Nigeria (CBN) of frustrating its investigation into the N30 trillion Ways and Means Advance and the Anchor Borrowers’ programme under former President Muhammadu Buhari’s administration.

    The committee made the accusation after receiving an interim report from its consultants at a meeting where they expressed frustration over the bank’s failure to provide crucial documents required for the probe.

    The committee, which was inaugurated a year ago by Senate President Godswill Akpabio, stated that the delay has significantly stalled progress on the investigation.

    UBA

    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.

    He dismissed speculations that the Senate had been compromised or gone to sleep, reaffirming its commitment to ensuring accountability and transparency in the management of public funds.

    WIDGET ADS

    “The information we have here is not different from what we have heard all along. What we did was to hand over the documents to the consultants, and when the consultants made available to us this interim report, our intention was to hold onto the interim report on the final report,” he said.

    “But we’ve been compelled to make available this interim report to the general public so that they know that we let them know where the problem is, and the problem is that the Central Bank of Nigeria has denied us consistently the documents that we need to complete this assignment. That is the truth.

    Thomas Sankara African Leadership Prize

    “It was at the CBN sometimes, I met Bala the deputy governor. And they promised, but nothing came out of it. The Clerk has been there several times. Nothing has come out of it. The consultants themselves even took it upon themselves to go with CBN directly, because we introduced them to CBN and nothing has come out of it.”

    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.

    Nigerian TAX Reform - Federal Goverment

    The committee issued a strong warning to the CBN representatives, emphasizing the need for full disclosure of how the funds were utilized to address Nigeria’s economic challenges.

    National Orientation Agency Page UP
    CBN Senate Ways And Means
    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email

    Related Posts

    ‘I Cannot Guarantee Your Safety’, Edo Governor Warns Peter Obi Over Unannounced Visits

    July 18, 2025

    In Kano, Tinubu Mourns Dantata, Hails His Integrity, Lifelong Philanthropy

    July 18, 2025

    How Civil Servants Diverted World Bank Cash For Schools Hit By Boko Haram – ICPC

    July 18, 2025

    AGF Denies FG’s 25% Share Acquisition In First Bank Holdings

    July 18, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Latest Posts

    ‘I Cannot Guarantee Your Safety’, Edo Governor Warns Peter Obi Over Unannounced Visits

    July 18, 2025

    In Kano, Tinubu Mourns Dantata, Hails His Integrity, Lifelong Philanthropy

    July 18, 2025

    How Civil Servants Diverted World Bank Cash For Schools Hit By Boko Haram – ICPC

    July 18, 2025

    AGF Denies FG’s 25% Share Acquisition In First Bank Holdings

    July 18, 2025

    Labour Party NEC Elects Nenadi Usman As Interim National Chairperson

    July 18, 2025
    Advertisement
    WIDGET ADS
    News Point NG
    © 2025 NEWS POINT NIGERIA Developed by ENGRMKS & CO.
    • Home
    • About us
    • Disclaimer
    • Our Advert Rates
    • Privacy Policy
    • Terms of Use

    Type above and press Enter to search. Press Esc to cancel.

    Join Us On WhatsApp