The Senate committee probing the N30tn Ways and Means loans secured from Godwin Emefiele while he was governor of the Central Bank of Nigeria (CBN) by the Federal Government has said It will seek an extension of the time allotted for the investigation. At the inauguration of the panel on March 11, 2024, Senate President Godswill Akpabio gave the panel a six-week ultimatum to probe the loans.
The panel was also charged with probing the over-N1tn Anchor Borrowers’ Programme of the CBN under the immediate past administration, urging it not to leave any stone unturned. The panel led by Senator Isah Jibrin, (APC, Kogi East), later said it had uncovered about 13 financial infractions allegedly committed while obtaining the loans. The Senate also disclosed that it would summon the Governor of the CBN, Olayemi Cardoso, and some directors of the apex bank particularly those who worked with Emefiele.
The committee also disclosed it had received some documents that would aid the probe, adding that some government officials involved in the loan would be summoned. However, after two to three meetings, the Senate went on recess and adjourned plenary. Findings showed that the six-week ultimatum elapsed today. The panel chairman, Jibrin said the committee would seek an extension to investigate further once the Senate resumes.
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