– Nigeria Senate
BY JANE OSAMOR
The Senate on Wednesday approved the request by President Muhammadu Buhari for the sum of N22.7 trillion spent by the executive arm without the initial approval of the National Assembly.
The N22.7 trillion is money borrowed by the Federal Government from the Central Bank of Nigeria (CBN) through the “ways and means advances”.
President Buhari had asked the senate to approve the sum in December 2022, but some Peoples Democratic Party (PDP) senators kicked against it.
The opposition lawmakers demanded that records of what the funds were spent on be provided before approval is given to his request.
However, the Red Chamber finally approved the request during plenary, after the Senate Leader, Ibrahim Gobir, presented a report before the lawmakers.