Nigeria, Feb. 26 -- The Senate Ad-hoc Committee investigating the N30 trillion Ways and Means facility granted to the federal government between 2015 and 2023 has accused the Central Bank of Nigeria (CBN) of frustrating its efforts to uncover how the loans were utilised.

The Committee Chairman, Isah Jibrin, made the allegation on Tuesday after receiving an interim report from its consultants.

Mr Jibrin, the senator for Kogi East, said the CBN has refused to provide the necessary documents to facilitate the investigation, thereby delaying the completion of the assignment.

The Ways and Means facility is a mechanism through which the CBN lends money to the federal government to cover budget shortfalls.

Under the administration of former ...