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Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > News > Senate Forms Ad-Hoc Committee to Probe Financial Controversies
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Senate Forms Ad-Hoc Committee to Probe Financial Controversies

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Last updated: March 11, 2024 2:08 pm
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2 years ago
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Amidst mounting controversies surrounding the financial operations of the Buhari administration, senate president, Sen. Godswill Akpabio has inaugurated the Senate Ad-Hoc Committee on Ways and Means on Monday.

The committee’s primary mandate, driven by concerns over fund management, includes a thorough investigation into the utilization of resources, notably focusing on the Anchor Borrowers’ Programme and other financial avenues.

In his address to stakeholders, the Senate President emphasized the critical need for transparency, accountability, and good governance, especially in light of recent financial controversies. He highlighted the significance of the committee’s mandate and urged members to execute their duties diligently and professionally, prioritizing the interests of the Nigerian people.

The establishment of the committee followed consultations with the Federal Government’s Economic Management Team and a subsequent report by the Joint Committees on Banking, Insurance and other Financial Institutions; Finance; National Planning; Agriculture; and Appropriations. The report identified concerns and irregularities in fund utilization, prompting decisive action from the Senate.

Furthermore, the Senate President reiterated the importance of the committee’s task amidst ongoing financial debates in Nigeria. He expressed confidence in the committee’s ability to conduct thorough investigations and called for a commitment to justice, fairness, and the public good.

Senator Isah Jibrin (Echocho), appointed as the committee’s chairman, emphasized the significance of the Ways and Means controversy and assured Nigerians of a thorough and impartial investigation. He urged stakeholders to cooperate and provide necessary documents for scrutiny.

The committee, composed of distinguished senators, is poised to embark on its mission to investigate and address concerns regarding fund management in Nigeria, guided by principles of transparency, integrity, and accountability.

Members of the committee include:

1. Senator Isah Jibrin (Chairman)
2. Senator Sahabi Ya’u (Vice Chairman)
3. Senator Adamu Aleiro
4. Senator Adetokunbo Abiru
5. Senator Asuquo Ekpeyong
6. Senator Mohammed Tahir Monguno
7. Senator Victor Umeh
8. Senator Solomon Olamilakan
9. Senator Sani Musa
10. Senator Abdul Ningi
11. Senator Aliyu Wadada
12. Senator Ipalibo Banigho
13. Senator Jimoh Ibrahim
14. Senator Ibrahim Mohammed
15. Senator Joel Thomas Onowakpa
16. Senator Dafinone Ede
17. Senator Aminu Iya Abbas
18.

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