Senate inaugurates committee to probe Buhari’s N30trn Ways and Means

The Senate on Monday inaugurated an Ad-hoc Committee to investigate the N30 trillion Ways and Means secured from the Central Bank of Nigeria (CBN) by former President Muhammadu Buhari’s government.

Inaugurating the 16-member ad-hoc Committee, led by Senator Isa Jibril, the President of the Senate, Godswill Akpabio implored the committee to approach the job with sense of responsibilities, patriotism, professionalism and integrity, adding that they shouldn’t leave no stone unturned in their pursuit of truth.

Akpabio said: “The constitution of this committee is a testament to the Senate’s unwavering commitment to transparency, accountability, and good governance. it reflects our dedication to addressing the concerns of the Nigerian people and upholding the principles of democracy.

“To the members of this esteemed committee, I implore you to approach your responsibilities with the utmost sense of patriotism, professionalism and integrity. Your investigation demands impartiality and fairness, always keeping the public interest and the welfare of our nation at the forefront. We must leave no stone unturned in our pursuit of the truth. Therefore, conduct thorough inquiries and dig out information that will assist the Senate in making laws for the betterment of our country.

“The success of this Ad-Hoc committee hinges on collaboration, cooperation, and a steadfast commitment to the common good. 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.”

Akpabio told the committee that confidentiality is paramount to their work, adding that 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.”

He further urged that in carrying out their 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. I urge you to remain open to constructive inputs and feedback, harnessing the knowledge and expertise of others to achieve your collective goal.

“As you embark on this vital mission, please maintain open lines of communication with the public. The Nigerian people must be kept informed of your progress and findings, as their trust and confidence in your work are of utmost importance. You must demonstrate your dedication to serving our nation with distinction and honor.”

He urge them to remember the gravity of the task before them, stressing that “the future of our nation rests upon your shoulders, and you must approach this task with grave seriousness and determination. Guided by the principles of justice, fairness, and the common good, work tirelessly to ensure the responsible management of Ways and Means in Nigeria.

“I extend my heartfelt gratitude to each member of this committee for accepting the responsibility to serve our nation in this capacity. Your dedication and commitment to this cause are truly admirable, and I have complete confidence in your ability to execute your duties with excellence.

“I wish you every success in this endeavor, and I offer my total support in the pursuit of our objectives in setting up this committee. Together, let us uphold the values of transparency, integrity, and accountability as we work towards the responsible management of Ways and Means in Nigeria.”

Akpabio, however, explained that the committee, was constituted following the report of the Joint Committees on Banking, Insurance and other Financial Institutions; Finance; National Planning; Agriculture; and Appropriations after interacting with the Federal Government’s Economic Management Team, holds great significance as it is charged with the investigation of the ways and means, including the Anchor Borrowers’ Programme.

The responsibility of the committee spans six weeks, and the thorough inquiries was designed to dig out information.