25 Days To End Of Tenure, Senate Approves Buhari’s N22.7Trn Borrowing From CBN

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 red chamber approved the request on Wednesday.

The approval came 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”.

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President Muhammadu Buhari had asked the senate to approve the sum in December 2022, but some senators rejected it.

They demanded that records of what the funds were spent on be provided before approval is given to his request.