Emefiele, Ahmed stall Senate’s probe into CBN’s N23.7trn loan, lawmakers give ultimatum

The Minister of Finance, Zainab Ahmed, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, have been given three days to provide details of the N23.7 trillion Ways and Means to the ad hoc Senate Committee probing the loan.

Both Ahmed and Emefiele were given the ultimatum after the head of the ad hoc committee, Ibrahim Gobir, on Tuesday, said efforts to meet with them provided abortive.

Recall that after President Muhammadu Buhari wrote to the National Assembly on December 21, 2022, requesting for the approval to restructure the N23.7 trillion CBN loan into bond, the Senate set up the ad hoc committee, tasking them to make findings on the Ways and Means to uncover the purpose of the credit.