The Senate ad hoc committee probing the disbursement and usage of the N30 trillion Ways and Means loan obtained during the administration of former President Muhammadu Buhari from the Central Bank of Nigeria, CBN, has discovered 13 infractions in the process of obtaining the loan.
The chairman of the committee, Senator Isah Jibrin (APC,
Benue East), said former governor of CBN Godwin Emefiele unilaterally signed
billions of naira in the approval of different tranches of the loan without
following due process.
Senator Jibrin mentioned that Emefiele illegally signed
billions of naira in 13 documents.
He disclosed this on Tuesday during an interactive session
with the CBN team led by Bala Bello, one of the deputy governors of the apex
bank.
The committee chairman said Emefiele ought to have approved
the loans in conjunction with the CBN board of directors, but he unilaterally
signed the loans, which is contrary to the requirement of the CBN Act.
“The committee of governors ought to be the signatories to
the ways and means account but in the document we have here, the governor
signed billions of naira in about 13 places.
“We want to know the total figure of the ways and means. We
want to know the summation of the figure,” Senator Jibrin said.
“On the Anchor Borrowers Programme, you have done well. You
did about 70 per cent, but we must ensure the completion of the remaining 30
per cent.”
Senator Jibrin, however, informed that the committee will
summon the CBN governor, Olayemi Cardoso, to give a detailed account of what he
knows about the ways and means.
“Your governor, who took over from Emefiele, should be able
to stand for Emefiele because he took over from him, including his assets.
“Emefiele should provide an explanation to the existing
governor. We will invite the governor and in case he does not have a response,
he will contact Emefiele,” he stressed.
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