Categories: News

Senate suspends Buhari’s request for N23.7tn extra-budgetary spending approval

The Senate has suspended a request by President Muhammadu Buhari for N23.7 trillion spent without the approval of the national assembly.

The suspension came after a rowdy session in the Senate on the issue on Wednesday.

Senators Betty Apiafi and Thompson Sekibo had argued that the request was not constitutional.

They also demanded that before the upper legislative chamber could approve the request, the senate must have the details of what the funds were spent on.

Last week, Buhari wrote to the Senate, seeking approval for the “ways and means advances”.

“The ways and means advances by the Central Bank of Nigeria to the Federal Government has been a funding option to the government to cater for short-term or emergency finance to fund delayed government-expected cash receipt of fiscal deficit,” Buhari had said.

“The ways and means, balances as at 19th December 2022 is N22.7 trillion.”

Following the rowdy session and a closed meeting that lasted for nearly an hour, Solomon Olamilekan, chairman of the finance committee, moved a motion asking his colleagues to step down the request.

He also recommended that N1 trillion from the “ways and means advances” be used to fund the N819 billion supplementary budget already passed by the Senate.

The recommendations were adopted unanimously after it was put to vote by the Senate President Ahmad Lawan.

Lawan appointed Ibrahim Gobir, majority leader, to lead an ad hoc committee to liaise with the relevant ministries, departments and agencies (MDAs) to get details of the aforementioned funds spent.

The committee is expected to report back on January 17.

Trends Admin

Recent Posts

Osun man on death row for fowl theft shares how police subjected 17-year-old self to torture

Osun man on death row for fowl theft shares how police subjected 17-year-old self to…

2 hours ago

Oil cabal sponsoring blackmails against Tompolo, Otuaro, Kyari, say Ijaw youths

Oil cabal sponsoring blackmails against Tompolo, Otuaro, Kyari, say Ijaw youths Stakeholders under the Ijaw…

2 hours ago

NURTW scribe felicitates Nigerians on Xmas, urges caution

NURTW scribe felicitates Nigerians on Xmas, urges caution    The General Secretary of the National…

8 hours ago

Why we displayed ‘Jesus Christ is not God’ banner at Lekki mosque -Imam

  Why we displayed 'Jesus Christ is not God' banner at Lekki mosque -Imam  …

8 hours ago

CBN fines bank found hoarding cash N150m

CBN fines bank found hoarding cash N150m The Central Bank of Nigeria (CBN) has imposed…

11 hours ago

Lagos-Calabar coastal road: Train track work begins 2025, says minister

Lagos-Calabar coastal road: Train track work begins 2025, says minister The Federal Government plans to…

12 hours ago