Sanusi To Be Probed By Senate Over N138bn Intervention Fund

Governor of Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi's alleged extra-financial dealings running into about N138billion will be probed by the Senate.

The impending motion was listed in the notice papers for deliberation at a date no further than two weeks from now.
The motion, which is to be sponsored by Senator Ita Enang (PDP, Akwa Ibom) is titled “Mobilising Non-Oil, And Generating Oil Dependent Revenue Into The Federal Treasury Through Fiscal Responsibility by Adherence to Statutory Mandate and Due Process In The Conduct of Public Procurement”.


The lawmaker specifically singled out the Central Bank of Nigeria among all the agencies that fall within the purview of the Fiscal Responsibility Act, saying the apex bank had awarded and is still in the process of awarding projects from its operating surplus, instead of paying such sums into the Consolidated Revenue Fund to be appropriated by the National Assembly.

The CBN, he alleged, has within the last three years committed about N50billion as intervention in tertiary institutions in the education sector alone, not considering intervention in the health sector, hospitality and tourism among others.

These projects, according to him, include projects above N1billion.