BREAKING: Senate to Investigate Buhari Over N30 Trillion Expenditure

BREAKING: Senate to Investigate Buhari Over N30 Trillion Expenditure

  • The Nigerian Senate has unanimously resolved to probe the N30 trillion Ways and Means spent by former President Muhammadu Buhari-led administration, which according to the lawmakers, was recklessly spent
  • The Senate passed the resolution after interactive sessions with the economic management team of the federal government headed by Wale Edun, the minister of finance and coordinating government official for the economy
  • Legit.ng reports that the federal lawmakers alleged that reckless spending of the overdraft collected from the CBN under Godwin Emefiele is largely responsible for the economic crisis Nigeria is currently facing

Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering governance issues

FCT, Abuja - The Senate, on Tuesday, February 20, resolved to probe the N30 trillion Ways and Means spent by former President Muhammadu Buhari-led administration.

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According to the Senate, the fund was recklessly spent.

Buhari/Buhari news/CBN
Nigerian authorities auditing CBN’s Ways and Means loan under Buhari. Photo credits: Nigerian Senate, Muhammadu Buhari
Source: Getty Images

As reported by The Punch, the upper legislative chamber stated that wasteful expenditure of the overdraft collected from the Central Bank of Nigeria (CBN) under Godwin Emefiele largely accounted for the hardship currently affecting Nigerians.

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Minister of finance, Wale Edun, had called for the audit and said the Bola Tinubu administration needed to determine whether it would repay it or not.

Per Leadership newspaper, Edun said the CBN has pointed out that the Ways and Means have to be eliminated.

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Buhari should be jailed - Omokri speaks out

Meanwhile, Legit.ng reported that Reno Omokri, a one-time special assistant on social media to ex-president Goodluck Jonathan, on Wednesday, February 14, said Buhari ought to be facing trial.

Omokri said Buhari should be prosecuted by the Tinubu administration for his alleged part in the damage done to the Nigerian economy.

The social media personality also expressed his view that Buhari’s nephew, Sabiu Yusuf (Tunde), "should be cooling his heels in Kuje prison" — along with the former Nigerian leader.

Source: Legit.ng

Authors:
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Ridwan Adeola (Current Affairs Editor) Ridwan Adeola Yusuf is a content creator with more than nine years of experience, He is also a Current Affairs Editor at Legit.ng. He holds a Higher National Diploma in Mass Communication from the Polytechnic Ibadan, Oyo State (2014). Ridwan previously worked at Africa Check, contributing to fact-checking research works within the organisation. He is an active member of the Academic Excellence Initiative (AEI). In March 2024, Ridwan completed the full Google News Initiative Lab workshop and his effort was recognised with a Certificate of Completion. Email: ridwan.adeola@corp.legit.ng.