Senator Isah Jibrin, Chairman of the Senate panel investigating the N30tn Ways and Means loans acquired from the Central Bank of Nigeria (CBN) under Governor Godwin Emefiele’s tenure, has affirmed that the investigation remains active and has not been abandoned.
Addressing media reports suggesting otherwise, Senator Jibrin clarified that the Senate committee has been actively pursuing the probe since its inception, following a resolution passed on February 20 to investigate the substantial loan.
The investigation was prompted by concerns over alleged mismanagement of the CBN overdraft, which was believed to have exacerbated food and security crises in Nigeria.
“We have identified several infractions related to the acquisition of the N30tn loan from the CBN,” Senator Jibrin stated.
“Contrary to misleading reports, the figures and transactions involving the Ways and Means advances to former President Muhammadu Buhari are well-documented and form the basis of our scrutiny.”
The committee has engaged with key stakeholders including the CBN governor, Minister of Finance, and senior CBN officials to gather preliminary documents.
Senator Jibrin highlighted that further documentation from the Accountant-General’s office is crucial to proceed effectively with the investigation.
“We have requested additional documents to ensure a comprehensive understanding of how the funds were utilized,” Senator Jibrin continued.
“While the initial time frame given to us has lapsed, we are committed to meticulousness in our approach and will not rush the process to ensure accuracy and transparency.”
Senator Jibrin emphasized the committee’s dedication to uncovering the truth behind the N30tn loan, dismissing speculations aimed at undermining the investigation’s integrity.
The ongoing probe underscores efforts by the Senate to uphold accountability and fiscal responsibility in governmental financial transactions, particularly concerning substantial loans and their implications for national economic stability.
This investigation holds significant implications for governance and financial oversight in Nigeria.