Just in: Senate approves President Buhari’s N22.7 trillion extra-budgetary expenditure

The Nigerian senate has approved the sum of N22.7 trillion that was spent by the executive arm of government without the initial approval of the national assembly.

The approved funds borrowed by the Federal Government from the Central Bank of Nigeria (CBN) through ways and means advances, have been subject of dispute between the executive arm of government and some members of the national assembly, especially the opposition members.

The upper legislative chamber approved the request on Wednesday during plenary, after the senate leader, Ibrahim Gobir, presented a report to the committee of the whole.

This is a developing story…