Nigeria’s Senate seeks explanation of $462 mln to buy helicopters

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    (Corrects figure in headline and paragraph 1 after senator clarifies $462 million not $162 million; alters attribution to lawmaker not Twitter)

    ABUJA, April 17  – Nigeria’s upper chamber of parliament on Tuesday said it would invite the central bank governor and the ministers of finance and defence to explain the release of $462 million to buy helicopters, a lawmaker said.

    Senator Sam Anyanwu said the money was withdrawn from the federal account in March without the approval of lawmakers.

    “Senate Resolves to invite the CBN Governor and Ministers of Finance and Defense to shed more light on the release of the funds,” the Senate said in a tweet.

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    Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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