14 March 2025
23:07

TOSCAD NEWS NIGERIA

News as it breaks

Tag: #Loans

FeaturedGeneral NewsNewsToscadGists

Senate Summons CBN Officials Over N30tn Loans

Wendy R.

The Senate has said it will quiz some officials of the Central Bank of Nigeria on how the N30tn Ways and Means loan was obtained and spent by the Federal Government during the Muhammadu Buhari-led administration. The Chairman of the Senate Ad-hoc Committee Senator Isah Jibrin, who made the disclosure in an exclusive interview with The PUNCH, also revealed that the panel would commence the probe this week. The Senate had on Tuesday appointed Jibrin as the chairman of the panel to probe the N30tn Ways and Means loan released by the then CBN Governor, Godwin Emefiele, to the Buhari…

FeaturedGeneral NewsNewsToscadGists

Reps Meet Minister On Palliatives, Loans For SMEs

Wendy R.

The House of Representatives Committee on Small and Medium Enterprises on Friday met with the Minister of Finance and Coordinating Minister of Economy, Wale Edun, on key aspects of implementation of the presidential palliatives grants and loans. The committee’s Chairman, Mansur Soro, who led the team to ascertain the extent of funding and releases so far made to implementing Ministries, Departments and Agencies, disclosed this in a statement made available to journalists on Saturday through his Personal Assistant, Aleeyu Darazo. The House Committee on SMEs had previously met with other top government officials including the Minister of Industry, Trade and…

FeaturedNewsToscadGists

SERAP Opposes Fresh W’Bank Loans For States

Wendy R.

A group, Socio-Economic Rights and Accountability Projects, has asked the World Bank to probe the loans acquired by the 36 state governors in Nigeria and immediately suspend further loans to the states until they explain how previously acquired loans were spent just as some states have come under scrutiny for the amount spent on running costs. The group’s Deputy Director, Kolawole Oluwadare, made the demand in a letter addressed to the World Bank President, Ajay Banga, and made available to The PUNCH on Sunday. While expressing concerns over the rising debt profile of the 36 states, SERAP alleged that the…