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Home»News»Senate Debunks Reports of Stalled Probe Into ₦30trn Ways, Means Facility
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Senate Debunks Reports of Stalled Probe Into ₦30trn Ways, Means Facility

Alexandra UmehBy Alexandra UmehJune 25, 20242 Mins Read
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ENUGU, Nigeria (VOICE OF NAIJA)- The Senate Ad hoc Committee investigating the N30 trillion Ways and Means facility expended between 2015 and 2023 has refuted reports that the probe has stalled. 

Chairman of the Committee, Senator Isah Jibrin, clarified that the investigation is ongoing and necessitates a longer timeframe due to its sensitivity and complexity.

Initially given six weeks to submit their findings, the committee has made significant progress, including sending a letter of reminder to the Office of the Accountant General of the Federation on June 19, 2024, seeking additional information on Ways and Means disbursements, beneficiaries, and repayment schedules.

READ ALSO: Senate Continues Probe Into N30trn Loan, Demands Detailed Records From  AGF

Senator Jibrin emphasized that the committee prioritizes factual findings over meeting a specific deadline, ensuring a thorough investigation into the N30 trillion facility. 

The probe is ongoing, and the committee is committed to uncovering the truth.

The lawmaker said, “The essence of an investigation is to come up with factual findings and not just roll in report within specified time frame. Investigation on the 30 trillion naira Ways and Means is on course and not in anyway in limbo as insinuated by an online platform.

“The required information include, details of disbursements under Ways and Means, names of the beneficiaries, amount and date of disbursements, purpose of the disbursements, terms of the disbursement (where applicable), repayment schedule (where applicable) and adherence to the repayment schedule,” the statement read.

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Alexandra Umeh

Alexandra Umeh is based in the eastern region of Nigeria. She covers politics, news writing, feature stories, among others. She has multitasking skills and can easily adapt to any working condition. She enjoys reading and writing.

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