Senate Extends Deadline for Probe into N30tn Loan from CBN

The Senate has extended the deadline for the committee investigating the N30 trillion Ways and Means secured by the Federal Government from the Central Bank of Nigeria (CBN) under the tenure of former Governor Godwin Emefiele.

The extension, granted on Thursday, came after a request by the chairman of the panel, Senator Isah Jibrin (APC, Kogi East). Initially, the 17-member panel was given six weeks to complete the probe following its inauguration by Senate President Godswill Akpabio on March 11.

The panel resumed its physical meetings on Tuesday after receiving additional documents from the Office of the Accountant General of the Federation (OAGF). These documents were requested to deepen the investigation into the controversial N30 trillion loan obtained during President Muhammadu Buhari’s administration.

Confirming the receipt of the documents, Senator Jibrin stated, “Yes, the documents have come from the AGF and distributed to all panel members. At the moment, we are all studying it and once that is concluded we will resume physical meetings hopefully by next week.”

He assured Nigerians of the committee’s commitment to due diligence and thorough investigation, stating, “Nigerians can be assured that we will ensure due diligence and see that we do not let them down. Like I earlier said, we had never stopped working on the probe, we just needed more documents and now that we have them, nothing can hold us back.”

Following the receipt of the documents, Senator Jibrin approached the Senate at plenary, requesting additional time for the committee to study the documents and extend its probe.