Anchor Borrowers Programme

Budget padding controversy, Ningi’s suspension, probe of N30 trillion CBN loan, change of leadership in senators groups, others top stories at Senate

by
Budget padding controversy, Ningi’s suspension, probe of N30 trillion CBN loan, change of leadership in senators groups, others top stories at Senate

Senate panel begins probe of N30trn CBN loan obtained by Buhari The Senate began legislative activities last Monday with the inauguration of a nine-member ad hoc committee to interrogate the disbursement and usage of the 30 trillion Ways and Means loan obtained by the administration of former President Muhammadu Buhari from the Central Bank of Nigeria (CBN). … Read more

Senate suspends motion seeking probe of Anchor Borrowers Programme, $2.4bn FX backlog

by
Senate suspends motion seeking probe of Anchor Borrowers Programme, .4bn FX backlog

The Senate has put on hold a motion seeking the probe into the root causes of food scarcity in the country despite the federal government’s huge financial commitment to the Anchor Borrowers Programme. The upper chamber also halted the request for a similar probe into the circumstances surrounding the invalid $2.4 billion transfer of the … Read more