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Senate Alleges CBN Frustrating Probe into How Ways and Means Facility Was Spent

The Senate adhoc Committee investigating Ways and Means facility granted to the federal government between 2015 to 2023 yesterday alleged that the Central Bank of Nigeria (CBN) was frustrating its efforts to uncover how the loans were spent.

The Chairman of the committee, Senator Isah Jibrin, made the allegation after receiving an interim report from its consultants at a meeting in Abuja.

He said the CBN had refused to make relevant documents available to the consultants to enable them complete their assignment.

The representative of the CBN, who is the Director of Banking Services, Hamisu Abdullahi, however told the Senate panel that the apex bank provided all the documents requested.

But Jibrin said: “None of the documents was submitted to us. We will not allow you to attend the next meeting because you have been coming here for the same reason.

“The least person that will attend the next meeting should be a deputy governor of CBN. What you are telling us is not the truth.”

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