The senate has approved the sum of N22.7 trillion that was spent by the executive arm of government without the initial approval of the national assembly.
The upper legislative chamber approved the request on Wednesday, after Ibrahim Gobir, senate leader, presented a report.
The N22.7 trillion is money borrowed by federal government from the Central Bank of Nigeria (CBN) through the “ways and means advances”.
President Muhammadu Buhari had asked the senate to approve the sum in December 2022, but some senators — mostly of the opposition — kicked against it.
They demanded that records of what the funds were spent on be provided before approval is given to his request.
( Source: The Cable )
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