{"id":122207,"date":"2024-06-25T11:46:58","date_gmt":"2024-06-25T10:46:58","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/senate-reassures-nigerians-says-emefieles-n30trn-loan-probe-still-ongoing"},"modified":"2024-06-25T13:01:45","modified_gmt":"2024-06-25T12:01:45","slug":"senate-reassures-nigerians-says-emefieles-n30trn-loan-probe-still-ongoing","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/senate-reassures-nigerians-says-emefieles-n30trn-loan-probe-still-ongoing","title":{"rendered":"Senate reassures Nigerians, says Emefiele\u2019s N30trn loan probe still ongoing"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigerian Senate has moved to dispel rumors surrounding the alleged abandonment of the investigation into the N30 trillion Ways and Means loan secured by the Federal Government from the Central Bank of Nigeria (CBN) under Governor Godwin Emefiele\u2019s leadership.<\/p>\n<p>Senator Isah Jibrin, Chairman of the investigating committee, on Monday, issued a statement refuting these claims. He emphasized that the probe was very much active and reports suggesting otherwise are \u201centirely false.\u201d<\/p>\n<p>The panel chair stated, \u201cWe received some preliminary documents and decided to delve deeper after our interface with the CBN governor, Olayemi Cardoso, the Minister of Finance, some CBN directors, and others. Following leads from our interface, we realized the need for a detailed, step-by-step breakdown of how the money was spent.<\/p>\n<p>\u201cWe have written to the Accountant-General requesting additional documents on the Ways and Means loan, and we believe the delay is due to efforts to compile accurate information to avoid misleading us and Nigerians.\u201d<\/p>\n<p>Read Also: Emefiele approved contracts, payments for wife, brother-in-law, witness tells court<\/p>\n<p>The Senate initiated the investigation in February 2024, citing concerns that the alleged \u201creckless spending\u201d of the overdraft from the CBN might have contributed to the country\u2019s current food and security crises.<\/p>\n<p>Senator Jibrin reiterated, \u201cWe have not gone into limbo; we only needed additional documents from the Accountant-General\u2019s office to continue the interface. The amount under probe is N30tn. I don\u2019t know why people are spreading falsehood to achieve a selfish purpose.\u201d<\/p>\n<p>The probe focuses on the transparency and purpose behind the loan, particularly the disbursement and usage of the N30 trillion.<\/p>\n<p>Jibrin highlighted the complexity of the investigation, explaining that gathering the necessary information requires time. He pointed to a recent letter sent to the Office of the Accountant General of the Federation requesting additional financial details related to the Ways and Means loan.<\/p>\n<p>This development underscores the ongoing nature of the probe. Transparency remains a key concern. While the Senate assures the public of continued investigation, further details are needed to understand the specific financial data being sought and the expected timeframe for the probe\u2019s conclusion.Balanced, fearless journalism driven by data comes at huge financial costs.<\/p>\n<p>As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.<\/p>\n<p>If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.<\/p>\n<p>Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.<\/p>\n<p><strong>For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigerian Senate has moved to dispel rumors surrounding the alleged abandonment of the investigation into the N30 trillion Ways and Means loan secured by the Federal Government from the Central Bank of Nigeria (CBN) under Governor Godwin Emefiele\u2019s leadership. Senator Isah Jibrin, Chairman of the investigating committee, on Monday, issued a [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":122206,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[2131,254,53],"class_list":["post-122207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-godwin-emefiele","tag-nigeria","tag-senate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Senate reassures Nigerians, says Emefiele\u2019s N30trn loan probe still ongoing - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian Senate has moved to dispel rumors surrounding the alleged abandonment of the investigation into the N30 tri ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/senate-reassures-nigerians-says-emefieles-n30trn-loan-probe-still-ongoing\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senate reassures Nigerians, says Emefiele\u2019s N30trn loan probe still ongoing\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Senate has moved to dispel rumors surrounding the alleged abandonment of the investigation into the N30 tri ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/senate-reassures-nigerians-says-emefieles-n30trn-loan-probe-still-ongoing\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-25T10:46:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-25T12:01:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/06\/sm_1719304012.731164.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/senate-reassures-nigerians-says-emefieles-n30trn-loan-probe-still-ongoing#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/senate-reassures-nigerians-says-emefieles-n30trn-loan-probe-still-ongoing\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Senate reassures Nigerians, says Emefiele\u2019s N30trn loan probe still ongoing\",\"datePublished\":\"2024-06-25T10:46:58+00:00\",\"dateModified\":\"2024-06-25T12:01:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/senate-reassures-nigerians-says-emefieles-n30trn-loan-probe-still-ongoing\"},\"wordCount\":457,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/senate-reassures-nigerians-says-emefieles-n30trn-loan-probe-still-ongoing#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/06\/sm_1719304012.731164.jpg\",\"keywords\":[\"Godwin Emefiele\",\"Nigeria\",\"senate\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/senate-reassures-nigerians-says-emefieles-n30trn-loan-probe-still-ongoing#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/senate-reassures-nigerians-says-emefieles-n30trn-loan-probe-still-ongoing\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/senate-reassures-nigerians-says-emefieles-n30trn-loan-probe-still-ongoing\",\"name\":\"Senate reassures Nigerians, says Emefiele\u2019s N30trn loan probe still ongoing - 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