Business

FG to audit the N22.7 trillion Ways and Means loan approved by former President Buhari

The Federal Government has initiated moves to audit the N22.7 trillion Ways and Means loan approved by the immediate past administration of former President Muhammadu Buhari.

This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Tuesday, February 20, 2024, at the Public Wealth Management Conference in Abuja, where he explained that the details would be released soon.

The event was organised by the Ministry of Finance Incorporated (MOFI) to seek ways of managing the nation’s assets and resources for the overall wellbeing of the people.

Also in attendance at the event is Vice President Kashim Shettima; the Minister of Industry, Trade and Investment, Doris Uzoka-Anite; Minister of Agriculture, Abubakar Kyari; and the Governor of Cross Rivers State, Bassey Otu.

Also at the event were World Bank representatives as well as members of the private sector and the diplomatic corps.

This is a developing story…