Politics
Senate In Stormy Session Over Buhari’s N23.7trn ‘Ways And Means’
The Senate was in disarray for several hours, on Wednesday, over how to restructure the payment of N23.7 trillion “Ways and Means” secured from the Central Bank of Nigeria, CBN, in the last 10 years.
President of the Senate, Senator Ahmad Lawan, forced the lawmakers to go into a closed-door session to stop the chaos from degenerating into a brawl.
“Ways and Means” are loans or advances by the CBN to the Federal Government to enable it to cater for short-term or emergency finance to fund delayed government expected cash receipt of fiscal deficits.
Trouble started when Chairman of Senate Committee on Finance, Senator Olamilekan Adeola (APC, Lagos West), came up with a report on Ways and Means 2022 as requested by President Muhammadu Buhari, last week.
Soon after Adeola’s presentation, Senator Apiafi (PDP, Rivers West), raised a point of order, with very strong argument that President Buhari’s request was unconstitutional and what the Senate was about to do by considering the request was unknown to Nigerian law.
Tension engulfed the Senate when the Senate President, Lawan, ruled her out of order on the grounds that the report should be presented and read by the committee chairman for lawmakers to contribute to the debate.
President Buhari had last week written to the Senate, requesting the approval of restructuring of N23.7 trillion Ways and Means advances given to the Federal Government by the CBN.
The President in a letter read by Senate President during the Plenary session last Wednesday, explained that the ways and means balances as of December 19, 2022, were N23.7 trillion.
President Buhari further stated in the letter that he had approved the securitisation of the Ways and Means balances along the following terms: Amount N23 .7 trillion; Tenure 40 years; Moratorium on principal repayment, three years; and Pricing interest rate nine percent.
The Senate had in line with parliamentary procedure, given the request expeditious consideration by passing it for second reading and mandating its committee on Finance to work on it.
Lawan’s ruling annoyed Senator Apiafi and some senators, thereby leading to a charged atmosphere in the chamber.
At this point, Senator George Sekibo (PDP, Rivers East) raised a point of order, calling on Lawan to step down consideration of the report until lawmakers get more details on what the funds were used for.
In a strong move to stop approval of the report without scrutiny, Senator Sekibo rose through constitutional orders by citing Sections 80, 83, Section113(1) of the 1999 Constitution and Section 38 of the CBN Act to kick against the request.
Sekibo said: “We came into this chamber today and were given the report on N23.7trillion, which has been spent in the past 10 years. Whether it is 10 years or five years, whatever it is, the issue is that such payment, when the loans are taken, the Senate should be informed, we should be abreast with the information that such money is going to be taken because it is being taken on behalf of the people of Nigeria and we are entrusted with the power to make laws.
“According to the constitution, we can appropriate. They brought this up without details for us to approve.
“Section 80 of the 1999 constitution as amended provides that all revenues or other monies raised or received by the federation, not being revenue and other monies payable under this constitution or any Act of the National Assembly into any other public fund of the federation established for a particular purpose, shall be paid into and form one consolidated revenue fund of the Federation.
“No money shall be withdrawn from the consolidated revenue fund of the Federation except to meet expenditure that is charged upon the fund or where the issue of those monies has been authorised by an appropriation act, supplementary act or an act passed in pursuance of Section 81 of the constitution”.
“No money shall be withdrawn from any account other than the consolidated revenue fund of the Federation unless the issue of those monies has been authorised by the Act of the National Assembly.
“Section 80 (4) no money shall be withdrawn from the consolidated revenue fund or any other fund of the Federation except by the approval of the National Assembly, except in the manner prescribed by the National Assembly
“Section 83 the National Assembly may make provision for the establishment of Federation fund for.the Federation and for authorising the President if satisfying that there had arisen an urgent unforeseen expenditure to make advances to meet the needs.
“Section 38 of the CBN Act states ‘any money collected by the federal government as loan or emergency fund in form of Ways and Means Advances must be refunded before collection of another one.’
“Mr President, the relevant laws quoted clearly show that the N22.7triillion Ways and Means Advances already spent by Federal Government without informing the National Assembly was wrong and it will be unfair as representatives of Nigerians to approve this request.”
The Senate, thereafter, went into a closed-door session for one and half hours and the request was stepped down at the end of the day for lack of details.
Claiming that elections in the country are typically characterized by vote buying, Mr Nwosu said a repeat of such phenomenon would taint the credibility of the forthcoming gubernatorial poll.
Mr Nwosu is among the 16 governorship candidates listed by INEC in a June 4, 2025 statement to participate in the November 8, 2025 election in Anambra State.
His party, the ADC, will battle it out with other parties to unseat incumbent Governor Chukwuma Soludo of the All Progressives Grand Alliance (APGA).
Mr Nwosu, in a statement on Saturday, said it was baffling seeing voters openly selling their votes to party agents and other representatives around polling units on election day.
According to him, “such practices not only derail the true will of the people but also reduce elections to an auction, where the state is effectively handed over to the highest bidder.”
Mr Nwosu urged INEC to introduce secure voting cubicles that would safeguard the legitimate rights of voters and uphold the sovereignty of democracy.
“INEC must provide secure voting cubicles to ensure ballots remain private and secret. Currently, many polling areas are too exposed, allowing others to see the voting process. This not only encourages vote buying but also undermines the integrity of the elections.
“Voting must remain secret. Nigeria already has strong electoral laws which, if properly enforced, can deliver outcomes that truly benefit society”, Mr Nwosu said.
He held that the Anambra governorship election was another opportunity for INEC to secure the trust of Nigerians about its commitment to transparency and fairness during polls.
He also noted the role of security agencies in tackling the menace of vote buying on the day of election.
He said, “The success of any political activity depends largely on security, because security is key. While it is not solely INEC’s duty to ensure elections are properly conducted, the Commission must create an enabling environment that allows citizens to participate freely, conduct themselves properly, and exercise their right to vote.”
The party, in a statement by its National Publicity Secretary, Obiora Ifoh, called on the relevant security agencies to investigate the attackers and their sponsors.
“The Labour Party is perplexed by the physical attack on our National Chairman, Barrister Julius Abure, by agents suspected to be working for anti-democratic elements who have tried unsuccessfully to wrestle the leadership of the party from him.
“Few hours ago, a prominent member of a known political family, Ms Precious Oruche, alias ‘Mama P’, accosted Barrister Abure while on a queue at the Nnamdi Azikiwe Airport Abuja, boarding a Max Air flight en route to Benin, and attacked the Labour Party’s National Chairman unprovoked.
“The attacker, Madam P, who is also a known content creator, continued the attack all through the duration of the flight, defying all attempts by the Max Air flight attendants to calm her.
“The assault, which attracted a large population of onlookers, continued unabated on disembarkment at the Benin Airport while she continued recording the scene.
“It took the intervention of the security agents on hand to whisk Abure to safety while the attacker was handed over to the police for questioning.
“In one of her films released, the lady, who is a prominent member of the ‘Obidient’ and claimed that she has contacts with the highest police hierarchy, boasted that nothing will happen to her.
“She vowed that she will not stop attacking Abure or any member of the Labour Party executive because, according to her, ‘you have killed Labour Party and you are the reason why Obi is no longer in the Labour Party.’
“The leadership of the Labour Party is completely troubled with this cyber-bullying and the consequences of the action of this political agent on the party. We are by this statement calling on the Inspector General of Police to thoroughly investigate this suicidal aggression against the leadership of the Labour Party and Barrister Julius Abure in particular.
“We sincerely believe that the lady-agent was on an assignment to accomplish the desires of her paymasters. Assault and cyber-bullying are severe crimes under our laws and we think that the Police must fish out her sponsors and cohorts, and bring them to book.
“We are calling on the members of the Labour Party to be calm, even in the face of this unwarranted provocation and wait for the outcome of the investigation on the unprovoked attack against the leadership of the party,” the statement read.
Speaking during the party’s congress in Yola, the state capital, on Saturday, Mr David Lorhenba, the chairman, Adamawa Congress Committee, described the exercise as hitch-free.
He said that a total of 2,656 delegates from 21 local government areas came out and elected 39 officials.
Mr Lorhenba commended the delegates for conducting themselves in an orderly manner.
“The conduct of the congress is very successful, all the delegates come from 21 Local Government Areas and cast their votes peacefully.
“We have a total of 2,656 delegates and we have announced the winners very successfully”, he said.
In his remarks, Alhaji Attahiru Shehu, the outgoing chairman, congratulated the new executives and charged them to continue on what they have already done for the party to remain strong.
According to him, they started as opposition in the state and produced Gov. Ahmadu Fintiri who is serving his second term, opining they “he has done well for the state.”
In his acceptance speech, Mr Madagali thanked the delegates for the confidence they reposed in him.
He promised to run an open door policy in manning the affairs of the party.
“Let us continue the legacy of good governance and prepare ahead for 2027 with focus, discipline and unity.
“To those outside our party, especially the youths and women of Adamawa, we invite you into our party.
“PDP is your home. Our doors are open to all who wish to contribute positively to the development of our state.
“Our party will continue to be a shining example of people-focused on leadership,” he said.
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