The Senate has constituted a seven-man panel chaired by David Umahi, a former governor of Ebony State, to launch a fresh investigation into an alleged ‘uneven’ disbursement of N483 billion loan to the Medium and Small-Scale Enterprises (MSMEs) in the six geo-political zones by the Development Bank of Nigeria (DBN) in 2021.
The other members of the ad-hoc committee are Babangida Oseni, Ali Ndume, Banigo Ipalibo, Sani Musa, Chizoba Chukwu, and Adetokunbo Abiru. The committee is to carry out a holistic investigation into the loan disbursement by DBN and report back to plenary in four weeks.
