Vunderkind
Social Member
As Senate resumes plenary on Tuesday, the chamber would have to decide once and for all, whether to go ahead and debate a motion on notice which seeks to ascertain whether Nigeria’s apex bank can indulge in extra-budgetary spending without express approval from the National Assembly.
The motion on notice, which dwells principally on mobilising non-oil and generating oil dependent revenue into the federal treasury, was sponsored by the Chairman of the Committee on Rules and Business, Senator Ita Solomon Enang, and it has been before the Senate since Wednesday, February 5.
Enang’s motion on notice detailed a N240 billion illegal spending by the Central Bank of Nigeria (CBN) and wanted the chamber to consider the whereabouts of the $10.8 billion crude oil proceeds as well as the N255 million spent to procure bullet proof cars by the Nigerian Civil Aviation Authority (NCAA).
Click to read more:
Source: Sun News
The motion on notice, which dwells principally on mobilising non-oil and generating oil dependent revenue into the federal treasury, was sponsored by the Chairman of the Committee on Rules and Business, Senator Ita Solomon Enang, and it has been before the Senate since Wednesday, February 5.
Enang’s motion on notice detailed a N240 billion illegal spending by the Central Bank of Nigeria (CBN) and wanted the chamber to consider the whereabouts of the $10.8 billion crude oil proceeds as well as the N255 million spent to procure bullet proof cars by the Nigerian Civil Aviation Authority (NCAA).
Click to read more:
Source: Sun News
