The Senate has set up an ad hoc committee to investigate the alleged uneven disbursement of N483 billion loan to the Medium and Small-Scale Enterprises (MSMEs) in the six geo-political zones by the Development Bank of Nigeria (DBN) in 2021.
This followed a motion by Senator Mohammed Ali Ndume (APC, Borno) and co-sponsored by 64 others during Wednesday’s plenary.
The seven-man panel chaired by Dave Umahi has Babangida Oseni, Ali Ndume, Banigo Ipalibo, Sani Musa, Chizoba Chukwu, and Adetokunbo Abiru as members.
It is to report back to plenary in four weeks.
Read the full story here: https://dailytrust.com/senate-relaunches-probe-into-n483bn-msme-loan/