The president of the Senate Godswill Akpabio yesterday inaugurated an ad hoc committee to investigate the N30 trillion Ways and Means Advances released by the Godwin Emefiele-led Central Bank of Nigeria (CBN) to fund projects under former President Muhammadu Buhari’s administration. The fund, which passed through the National Assembly, was without details, despite the commitment of the Executive to do so. Senator Akpabio, while inaugurating the ad hoc committee charged the members to be impartial, uncompromising, and confidential in handling the investigation. He gave them six weeks to carry out the exercise. The panel was also urged to probe the more than N1tn Anchor Borrower Programme of the CBN under the immediate past administration.
The senate president advised them to shun personal and partisan interests, focus on the task at hand, and approach their responsibilities with utmost balance, devotion, and impartiality.
“The success of this ad hoc committee hinges on collaboration, cooperation, and a steadfast commitment to the common good,” he said.
“Let us set aside personal and partisan interests, focusing solely on the task at hand.
“By working harmoniously, we can ensure that the Ways and Means in Nigeria are managed prudently, efficiently, and in accordance with the law.
“Moreover, confidentiality is paramount to your work. The information and data we gather during our investigations are sensitive and must be handled with the utmost care and discretion.
“Adhering to strict protocols will ensure the security and integrity of the information you uncover.
“In carrying out your mandate, it is imperative that you engage with relevant stakeholders, experts, and organizations.
“Their valuable insights and perspectives will strengthen the credibility and comprehensiveness of your findings and recommendations.”
