• Contact Us
  • About Us
Wednesday, March 25, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Senate summons Emefiele, others over $462m helicopter purchase

metro by metro
April 17, 2018
in Economy
0
0
SHARES
0
VIEWS

The Senate has invited the Minister of Finance, Mrs. Kemi Adeosun; Minister of Defence, Brig.-Gen. Mansur Dan-Ali (retd.); and Governor, Central Bank of Nigeria, Dr. Godwin Emefiele, over alleged illegal withdrawal of $462m from the Consolidated Revenue Account.

The money was said to have been withdrawn and paid to an American firm for the purchase of helicopters. It was, however, alleged that it was done with the approval of the National Assembly.

Read Also

UBA Group, BII Sign Letter Of Intent  On Trade Finance Collaboration Across Africa

Food Inflation Reverses To Double Digits At 12.12% In February, Headline Figure Eases Marginally

Aftermath Of Criticisms, Tinubu Begins Process Of PIA Ammendment To Sustain Executive Order

At the plenary on Tuesday, Senator Samuel Anyanwu (PDP, Imo-East) raised a point of order, alleging that Section 80(2) and (3) of the 1999 Constitution had been breached.

Anyanwu said, “I have it on good authority that in March 2018, from the Federation Account, a whopping sum of $462m was withdrawn and paid for (the purchase of) helicopters to an American firm. And this is without the approval of the National Assembly or the Senate.

“I know that there was no time when there was any request (for approval) from this Senate before any withdrawal from the Consolidated Federation Account.

“I, therefore, as a senator, want us to find out if that thing (withdrawal) was done.

“I will request and suggest we invite the CBN governor, the Minister of Finance and the Minister of Defence to tell us how this money was withdrawn and paid to an American company — a whopping $462m — without the approval of this Senate.”

Deputy President of the Senate, Ike Ekweremadu, who presided over the plenary, put the request to voice vote and it was unanimously granted.

Ekweremadu referred the matter to the Committee on Appropriations, asking it to invite the ministers and the CBN governor.

“The Appropriations Committee should invite the three: the Minister of Finance, the CBN governor and the Minister of Defence to shed light on the release,” he said.

Tags: AdeosunEmefieleSenate
Previous Post

Keyamo appointed spokesperson for Buhari 2019 presidential campaigns

Next Post

3 cups of tea, coffee per day good for heart: Study

Related Posts

UBA Group, BII Sign Letter Of Intent  On Trade Finance Collaboration Across Africa
Economy

UBA Group, BII Sign Letter Of Intent  On Trade Finance Collaboration Across Africa

March 20, 2026
National Bureau
Economy

Food Inflation Reverses To Double Digits At 12.12% In February, Headline Figure Eases Marginally

March 17, 2026
Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days
Economy

Aftermath Of Criticisms, Tinubu Begins Process Of PIA Ammendment To Sustain Executive Order

February 27, 2026
National Bureau
Economy

Amid Dwindling Purchasing Power Of Naira, January Inflation Eases To 15.10 Percent 

February 16, 2026
Next Post

3 cups of tea, coffee per day good for heart: Study

Concerns Over Trump’s  Reshaping Of US Historical, Cultural Institutions 

Concerns Over Trump’s  Reshaping Of US Historical, Cultural Institutions 

March 25, 2026
Trump Upset As US Partners Reject Call For Hormuz Warship Escorts 

Trump’s Approval Hits New 36% Low As Fuel Prices Surge Amid Iran War-Poll 

March 25, 2026
Ghana’s president, In New York, says US ‘Normalizing’ Erasure Of Black History

Ghana’s president, In New York, says US ‘Normalizing’ Erasure Of Black History

March 25, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version