The Senate, on Tuesday, resolved to probe the N30tn Ways and Means spent by former President Muhammadu Buhari-led Federal Government which according to it, was recklessly spent.
It further stated that reckless spending of the overdraft collected from the Central Bank of Nigeria under Godwin Emefiele largely accounted for food and security crises currently facing the country.
The Red Chamber then resolved to set up an ad-hoc committee, to carry out an investigation on what the N30tn Ways and Means were spent on by the immediate past government since details of such spending were not made available to the National Assembly.
The ad-hoc committee which will be constituted on Wednesday, will also probe the N10tn expended on the Anchor Borrowers Scheme, the $2.4bn forex transaction out of $7bn obligation made for that purpose as well as other intervention programmes.
