PUNCH
The Senate plans to investigate the N30 trillion Ways and Means loans acquired by the Central Bank of Nigeria during former President Buhari’s administration.
These loans, aimed at financing budget shortfalls, allegedly contributed to the current food and security crises.
A special committee will probe the spending of the overdraft, including the N10 trillion Anchor Borrowers Scheme and $2.4 billion forex transactions.
The move follows criticisms of economic conditions post-fuel subsidy removal.
The probe aims to address economic challenges exacerbated by inflation, naira depreciation, and food shortages.
The investigation follows criticism of President Tinubu’s economic policies, with the People’s Democratic Party supporting the probe, while doubts linger about the Senate’s commitment to impartiality.
