Close Menu
National Update
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    National UpdateNational Update
    • News
    • Politics
    • Opinion
    • Economy
    • Entertainment
    • Health
    • Security
    National Update
    Home»Legislature

    Akpabio inaugurates panel to investigate Buhari’s N30 trillion Ways and Means

    National UpdateBy National UpdateMarch 12, 2024 Legislature No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    ***Probe must remain confidential, Akpabio cautions

    The recklessness in the misuse of N30 trillion Ways and Means taken by the Muhammadu Buhari-led administration is about to be uncovered

    The President of the Senate, Godswill Akpabio on Monday, formally gave the nod for the panel to commence an investigation into the matter as it inaugurated a 17-member Ad-Hoc Committee led by Senator Isah Jibrin (APC, Kogi East) to conduct the probe.

    But the upper legislative chamber is being careful against the temptation of descending into dirty political arena that may pitch the Bola Ahmed Tinubu administration against his predecessor, Muhammadu Buhari.

    When the Senate debated the matter a fortnight ago, many Senators opposed the idea of probing the N30 trillion Ways and Means.

    Former President of the Senate, Ahmad Lawan, was very categorical when he said that the most crucial issue to address at the moment is the rising cost of living in the country.

    But President of the Senate, Godswill Akpabio, while inaugurating the panel of Monday, charged the it to exercise utmost caution in its investigation particularly in keeping its findings secret.

    “Confidentiality is paramount to your work. 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” Akpabio said.

    He 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.

    He charged the committee to conduct thorough inquiries and dig out information that will assist the Senate in making laws for the betterment of the country.

    “In carrying out your 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” Akpabio further stated.

    Chairman of the committee, Isah Jibrin, noted that Ways and Means and the Anchor Borrowers Program have occupied the public space in the last few months .

    “There have been discussions. They have aroused various discussions amongst individuals and groups with various opinions and interpretations.

    According to Jibrin, “the implication of this is that Nigerians are waiting for the result of this investigation. I want to assure you that we are going to carry out this assignment expeditiously without any form of compromise that I can assure you.”

    He implored beneficiaries of that program (Ways and Means) to make available to the committee relevant documents when we come asking for them. I equally want to implore them to make themselves available when ever we call them to make our work easy for us. I assure you that we are going to do our very best”

    End

    Akpabio Buhari N30tr Tinubu Ways and Means
    National Update

    Keep Reading

    PFIPC Scandal: Reps Uncover 12 Alleged Fake Agencies, 58 Bank Accounts

    Inside Nigeria’s ‘Busiest’ Parliament: 14,000 Staff, 3,500 Bills, Welfare Fight

    ‘Seat Warmers Have No Place in Parliament,’ Ameh Ebute Warns Lawmakers

    After Years of Neglect, Kogi-Kwara, Kogi-Ekiti Roads Get N128.7bn Lifeline

    300 CSOs Urge Senate to Reject Fasina’s Ambassadorial Nomination

    Echocho Unveils Seven-Year Stewardship Report, Lists Projects Across Kogi East

    Add A Comment

    Comments are closed.

    VGC Advert
    Most Viewed Posts
    • Breaking: Intrigues, as ADC suspends its presidential candidate, Kachikwu, accuses him of blackmail (1,644)
      The African Democratic Congress (ADC) has suspended its presidential candidate Dumebi Kachikwu, from the party, accusing him of false, misguided and defamatory video he made and circulated, among other infractions. The party also considered Kachikwu's action as "smacks of crass irresponsibility, gross indiscipline, disingenuous scandalization and blackmail, and completely unfit of someone who wants to
    • Concerned Religious Prayer Forum Responds to Criticism of National Prayer Initiative (678)
      The Concerned Religious Prayer Forum has issued a statement clarifying its mission and responding to recent criticisms surrounding its seven-day national prayer initiative. Established as a non-governmental organization on January 9, 2024, the Forum emphasizes that it is an independent group composed of citizens motivated by a shared desire to promote peace, unity, and prosperity
    • Aso Rock Dumps National Grid Over ₦47bn Annual Power Bill (532)
      The Presidency is set to disconnect the Presidential Villa from Nigeria’s national electricity grid and switch entirely to a dedicated solar power system, citing an annual electricity bill estimated at ₦47 billion. The move follows the completion of a solar mini-grid project at the Presidential Villa, approved under the administration of President Bola Ahmed Tinubu
    • Wale Edun Hails Medicaid Cancer Foundation’s ₦100 Million Contribution to Patients (531)
      The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has applauded the Medicaid Cancer Foundation for disbursing ₦100 million to cancer patients and support organisations, calling it a shining example of how private-sector philanthropy can create meaningful social and economic impact. Speaking at the Cervical Cancer Day Commemoration in Abuja,
    • Edo Breaks the Debt Cycle: Okpebholo’s First 90 Days Save State ₦30 Billion (490)
      While most Nigerian states are sinking deeper into debt, Edo State is rewriting the story—with action, not excuses. In just 90 days, Governor Monday Okpebholo has cut the state’s domestic debt by a whopping ₦30.6 billion, signaling a sharp turn from the borrowing binge that has plagued state governments nationwide. Official data from the Debt

    Latest News

    Group Challenges Uzodinma Over Abduction of 20 Corps Members in Imo

    October 2, 2026

    Germany Moves to Shield Motorists as Fuel Relief Faces Oil Industry Test

    October 2, 2026

    SUPER EAGLES: No 2027 AFCON With These Complacencies

    October 1, 2026

    The Alternative Bank Expands Abuja Footprint with New Gwarinpa Branch

    October 1, 2026

    Yankari Reborn: Bauchi’s Gateway to Africa’s Next Great Nature Resort

    October 1, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    National Update
    Facebook X (Twitter) Instagram
    © 2026 National Update. Designed by Lamark Cre8ives.

    Type above and press Enter to search. Press Esc to cancel.