Senate Sets Up Panel to Probe Buhari over N30 Trillion Ways and Means Lawmakers to investigate anchor borrowers’ programme, $2.4bn forex scam
Sunday Aborisade in Abuja
Senators yesterday constituted an
ad hoc committee to probe the administration of former President Muhammadu Buhari over the N30
trillion Ways and Means Loans Advances from the Central Bank of Nigeria (CBN), which was approved
by the Ninth National Assembly. The federal lawmakers lamented Nigeria's current social and economic
crises and blamed it on the borrowing culture of the Buhari's administration, which they described as reckless.
The Upper Chamber expressed Continued on page 16
House Moves to Investigate Privatisation, Concession of 22 Government Silos ... Page 44 Wednesday 21 February, 2024 Vol 29. No 10542. Price: N400
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S'East PDP Gives Party Condition on Choice of National Secretary... Page 43
Idris: Nigeria Won’t Fall, Remains Africa’s Giant
We'll overcome our challenges, says Kalu Customs to disburse forfeited items to mitigate food crisis State police bill passes second reading
James Emejo, Juliet Akoje in Abuja and Laleye Dipo in Minna
Despite the increasing hardship in the country, the federal government, yesterday, responded to those
prophesying the collapse of the country and declared that "Nigeria will not fall" because it remained
the giant of Africa. Also, the Deputy Speaker of the House of Representatives, Hon.
Benjamin Okezie Kalu, has said the current economic challenges in Nigeria was transient and would
be surmounted because Nigerians Continued on page 16
FG Declares War on FX Speculators as Naira Slides to N1,830 to Dollar Deploys ONSA, CBN, Police, EFCC, Customs, NFIU to combat speculative activities Tinubu Says $10bn FX inflow coming President declares govt will create millions of jobs, unlock trillions in public wealth to boost economy Shettima: Some forces hell-bent on plunging country into anarchy NACCIMA writes CBN Gov, minister of trade, proffers strategies to address naira slide, inflationary pressure Deji Elumoye, Ndubuisi Francis, Kingsley Nwezeh in Abuja and Nume Ekeghe in Lagos The federal government yesterday declared war on currency speculation in its effort to stem the crisis in the foreign exchange (FX) market. The government issued a directive to the Office of the National Security Adviser (ONSA) and Central Bank of Nigeria (CBN) to join forces to address the challenges posed to the national economy by the speculative FX activities. Equally, yesterday, in a renewed bid to safeguard Nigeria's FX market and combat speculative activities, the government deployed the Nigeria Police, Economic and Financial Crimes Commission (EFCC), Nigeria Customs Service (NCS), and Nigerian Financial Intelligence Unit (NFIU) to fight the menace. The fresh measures came as the naira sustained its free fall at the Continued on page 16
Meeting of South East Zonal Working Committee and PDP Leaders in Enugu...
L-R: Former Governor of Imo State, Chief Achike Udenwa; former National Chairman of the PDP, Dr. Okwesilieze Nwodo; Chairman of the PDP Board of Trustees, Sen. Adolphus Wabara and governor of Enugu State, Dr. Peter Mbah, during a meeting of the South East Zonal Working Committee and leaders of the PDP in Enugu .... yesterday.