Despite investigator’s concerns, Tinubu seeks Senate approval for N7.3 Trillion Ways and Means Revenue Conversion.
President Bola Tinubu has urged the Senate to approve the conversion of the remaining balance of ways and means revenue in Nigeria's Consolidated Revenue Fund (CRF) into federal assets. Despite objections from his special investigator, Jim Obazee, who raised concerns about the dubious and illegal incurrence of the balance, Tinubu proceeded with the request. In a letter addressed to Senate President Godswill Akpabio and read during a Saturday plenary session, Tinubu cited Section 38 of the CBN Act 2007, emphasizing the Central Bank's authority to grant temporary advances to the federal government to address temporary deficiencies in budget revenue. According…