Senate Probes CBN’s Anchor Borrowers, Ways And Means


The Senate on Monday inaugurated an ad-hoc committee to investigate the Ways and Means and the Anchor Borrowers Programme of the Central Bank of Nigeria (CBN).

 In his inaugural address to the ad-hoc committee chaired by Senator Isah Jibrin representing Kogi East, President of the Senate Godswill Akpabio charged the committee to leave no stone unturned in its investigation expected to span six weeks.

He enjoined members of the committee to set aside personal and partisan interests, focus on the task at hand, and approach their responsibilities with utmost balance, devotion, and impartiality.

Recognising the sensitivity of the investigation at hand, Senator Akpabio reminded them to constantly engage with relevant stakeholders and consultants, to provide invaluable insights while maintaining open lines of communication with the executive and the public, but disclosing no aspect of the report until the task is concluded.

On hi part, chairman of the adhoc committee vowed to carry out the assignment devoid of compromise, urging the executive to release information and consistently avail themselves to the committee.


The inauguration was attended by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; the CBN Governor, Olayemi Cardoso; the Accountant General of the Federation, Oluwatoyin Madein; the Auditor-General of the Federation, Shaakaa Chira; the Director General, Debt Management Office (DMO), Patience Oniha, beneficiary ministries, departments and agencies, institutions, states, local governments, and others.