Posted 3/19/2024, 11:45:44 PM
Senate Committee Questions $30B in CBN Loans Under Emefiele, Summons New Governor
- Senate committee uncovered infractions in process of obtaining $30B CBN loans under former President Buhari
- Committee plans to summon current CBN Governor Cardoso to explain details of infractions
- Former CBN Governor Emefiele allegedly signed off on billions in loans without following due process
- Emefiele should have had CBN Board of Directors sign off on loans per CBN Act
- Committee says new CBN Governor Cardoso should be able to speak to loans process since he took over from Emefiele