Senate President Godswill Akpabio on Monday inaugurated an ad hoc committee to investigate the N30 trillion Ways and Means Advances released by the Central Bank of Nigeria (CBN) to fund projects under former President Muhammadu Buhari’s administration.
The fund, which passed through the National Assembly, was without details, despite the commitment of the Executive to do so.
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Inaugurating the ad hoc committee, Akpabio urged the members to be impartial, uncompromising, and confidential in handling the investigation.
The inauguration followed the adopted resolution of the Senate Joint Committees on Banking, Insurance and other Financial Institutions; Finance; National Planning; Agriculture; and Appropriations.
The Senate President said the 10th Senate believed in transparency, accountability, and good governance.
He directed the committee members to prove their commitments as Nigerians waited to know how the huge sums of money were used.
The committee, which has 17 members, is chaired by Jibrin Isah, representing Kogi East.