The Chairman of the Senate Committee on Army, Ali Ndume, said on Friday evening that the Senate was not aware of the N22 trillion Ways and Means Loans offered to the Federal Government by the Central Bank of Nigeria (CBN).
Ndume, who featured on Channels Television’s programme, Politics Today, noted that the National Assembly only knew about the loans after President Muhammadu Buhari forwarded a letter to the Senate, requesting its approval for the restructuring of the advances the federal government took from the apex bank.
The upper legislative chamber on Thursday stood down the president’s request to restructure the loans.
