Welcome To McEbiscoo.com

Loading...

2nd Niger Bridge: Senate summons CBN gov. over Forex


Loading...

The senate committee on finance has summoned Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), over approved exchange rate for projects under the presidential infrastructure development fund.

In a statement issued on Sunday, Solomon Adeola, chairman of the committee, said Emefiele was invited to explain the exchange rate the CBN approved to finance projects under the presidential infrastructure development fund (PIDF).

ALSO READ:  TBoss apologizes to her late father in emotional tribute

The projects are Lagos-Ibadan expressway, second Niger bridge, Abuja-Kano expressway, east-west road and Mambilla hydro project.

Loading...

The projects are being funded by the Nigeria Sovereign Investment Authority (NSIA).

Adeola said his committee was told that the sum of N163.8 billion has already been spent on the first three projects.

The senator said his committee was informed by Uche Orji, NSIA managing director, that the apex bank used N325 to a dollar instead of the official rate of N305 for the projects.

ALSO READ:  Amotekun: See Photo Of Yoruba Man Carrying Strong Charms All Over His Body

“We are not indicting the NSIA or conducting an investigation or probe of the CBN but we like to know the reason this different rate was used but we are inviting the CBN to appear together with the NSIA on Monday,” the finance committee chairman said.

Adeola called for caution in the way funds are being disbursed for projects.

Please Share This Story

DOWNLOAD The Mc Ebisco News Mobile App Here

    Hello.... Contact Dr. Mugwenu. He heals pressure, diabetes, ulcers, gonorrhea, syphilis, TB, manhood weakness among other things. The doctor also solves life’s challenges such as love issues, family problems, hardships in business, increases your luck, that is, winning lottery games and court cases, promotions at work and clears away devilish spirits and dreams. For consultation call: +254 740637248 www.mugwenudoctors.com    
Loading...

Have any Question or Comment?

Leave a Reply

Loading...

Popular Posts

Loading...

Recent Posts

Contact Us Here

Get Latest Mc Ebisco News Alert!

Enter your email address:

Delivered by FeedBurner

Watch Mc Ebisco Comedy

Translate »