NEWS
Emiefele, Adeosun, Dan-Ali In Trouble Over Alleged Illegal Withdrawal Of $462m, To Face Senate’s Probe
Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele; the Minister of Finance, Kemi Adeosun; and the Minister of Defence, Mansur Dan-Ali are in trouble for allegedly withdrawing $462 million from the Federation Account without the approval of the Senate.
This followed a point of order raised by the Chairman of the Senate Committee on Ethics and Privileges, Sam Anyawu on Tuesday of which the Senate summoned the trio to appear and explained the transaction.
Mr Anyawu made reference to section 80 (2) and (3) of the 1999 Constitution which prohibits anyone from withdrawing money from the Federation Account without the consent of the National Assembly.
Section 80 (2) states that “no money shall be withdrawn from the consolidated revenue fund of the federation except to meet expenditure that is charged upon the fund by the constitution or when the issue of those monies has been authorised by an appropriation act, supplementary appropriation act or an act passed in the pursuance of section 81 of this constitution.
(3) – “No money shall be withdrawn from any public fund of the federation other that the consolidated revenue fund of the federation unless the issues of those monies have been authorised by the act of the National Assembly. No monies shall be withdrawn from the consolidated revenue fund or any other public fund of the federation except in the manner prescribed by the National Assembly.”
PREMIUM TIMES report that, Mr Anyawu demanded that the trio be summoned before the committee on appropriation and questioned accordingly.
“Mr President, I have it in good authority that in March, 2018, a whooping sum of $462 million was withdrawn from the federation account and paid for helicopters to an American firm called Helicopter Tecno Fights Helicopters and this was done without the approval of the Senate.
“And I know there was no such request from the Senate.
“As a citizen, senator of this place, I want to find out how this thing was done and I suggest that we invite the CBN governor, the Ministers of Finance and Defence to tell us how this money was withdrawn and paid to an American companu without the approval of the Senate.”
The Senate, thereafter, unanimously agreed to refer the matter to the committee on appropriation to summon the officials and conduct an investigation.
The committee is to report back in one week.
‘No Vacancy’: Senators Endorse Akpabio for Second Term as Senate President
Donald Duke To Gov Diri: You’re A Local Champion Over Coastal Highway Opposition
2027: Why I Won’t Attend Every APC Campaign Rally – Tinubu
Isoko South Council Distributes Desks To Public Primary Schools In Delta
Okpara Inland Crisis: Delta CP Visits Community Over Killing Of Don Cross, Orders Investigation
2027: Wike Warns APC Campaign Council, Says Don’t Claim Victory If You Fail To Deliver Your State For Tinubu
Yuleidy Ixcotoyac: 15-Year-Old Girl Wakes Up In Coffin 8 Hours After Father Declared Her Dead
Court Fines Odumodublvck N125,000 Over Adjournment Request in Assault Suit
Tinubu Transmits National School of Government Bill 2026 to Senate, Seeks Repeal of ASCON Act
Plateau Attacks: Three Killed, Two Injured as Gunmen Rustle 114 Cattle
Dispense Justice Without Fear Or Favour, Oborevwori Tells Delta Judges
El-Rufai, Associates Earmarked $600,000 to Bribe EFCC Officials – DSS Witness
Okubor to Chair 2026 DOPF Conference, Lecture Series in Asaba
2027 Gov’ship: INEC Explains Why Some Candidates Were Omitted From Final List
UN Reviews Kenya Over Discriminatory Family Laws As Report Shows Third Of Widows Face Eviction
