Nigerian Senate may probe bailout funds to state governors

By JACOB KUBEKA -The Nigerian Senate may soon commence an investigation to ascertain the legality or otherwise of the Paris Club refunds and other bailout funds running into hundreds of billions of Naira were doled out to state governors by President Muhammadu Buhari.

Specifically, the lawmakers would like to know  how and when the funds were approved.

For instance, during Thursday’s plenary session, Senator Samuel Anyanwu from Imo State, in a motion, queried the legality of the funds given to governors by President Buhari.

Anyanwu  also sought to know who gave the approval for such funds to be released to the state governors.

Commenting on Anyanwu’s motion, the President of the Senate, Bukola Saraki, advised that the motion be brought to the floor at another legislative day.

Following Saraki’s appeal, the Senators unanimously gave Anyanwu the nod to table a proper motion in the next legislative day, which is Tuesday, October 24.