The Senate Ad-hoc Committee on Ways and Means Advance has accused the Central Bank of Nigeria (CBN) of obstructing its investigation into the N30 trillion Ways and Means Advance and the Anchor Borrowers’ Programme under former President Muhammadu Buhari’s administration.
The committee, which was inaugurated a year ago by Senate President Godswill Akpabio, expressed frustration after receiving an interim report from its consultants, stating that the CBN had failed to provide crucial documents required for the probe. The delay, they noted, has significantly stalled the investigation’s progress.
Chairman of the committee, Senator Isah Jibrin, criticised the CBN for withholding vital information despite multiple requests. He also revealed that preliminary findings indicated major infractions in the financial dealings of the apex bank under the previous administration.
