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    N22.7trn: House of Reps denies Buhari’s $15m bribe

    David GreatBy David GreatMay 19, 2023No Comments3 Mins Read
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    Ibrahim Murtala representing Matazu/ Musawa Federal Constituency in Katsina, home state of President Buhari has joined PDP
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    The House of Representatives has denied receiving a $15 million bribe to approve the request of President Muhammadu Buhari to restructure the N22.7 trillion Ways and Means advances taken from the Central Bank of Nigeria.

    In denying reports of the bribe, the House of Reps claimed that their decisions and actions are always taken in the public interest.

    Nigeria is a country rife in corruption and the promises of Buhari to nip corruption in the bud has largely failed with many reports of corruption under his eight-year administration.

    Buhari completes his two-term tenure on May 29 but is seeking to restructure loans or take on in ones including an $800 million from the World Bank to cushion the effects of the proposed removal of fuel subsidy, a scheme that has been marred with gross corruption.

    Rep. Benjamin Kalu, spokesperson, House of Representatives in a statement on Friday said, “The attention of the House of Representatives and the leadership of the House has been drawn to a malicious media report alleging that the sum of fifteen million dollars was received from the executive arm to approve the request of President Muhammadu Buhari to restructure the N22.7 trillion Ways and Means advances taken from the Central Bank of Nigeria.

    Oil, President Muhammadu Buhari polytechnic Electoral Act
    President Muhammadu Buhari
    • Reps approve N1trn for Buhari as CBN loan hits N23.7trn

    “The allegations are not only false, but also baseless and unfounded,” the statement said.

    “Usually, the House would have refrained from dignifying such a report with a response, having faith that all well-intentioned Nigerians would outrightly dismiss it. However, it has become imperative to address the report and the unfounded claims made therein for the benefit of all Nigerians.

    “As elected representatives, our decisions and actions are taken in the public interest. It should be recalled that the house had temporarily deferred the approval of the executive’s request following recommendations of the relevant committees of the House, which called for further engagement with the executive in order to facilitate a comprehensive and meticulous analysis and deliberation on public interventions the executive earmarked the said request for.

    “We implore the media to exercise restraint and desist from disseminating unfounded allegations that have the potential to tarnish the reputation of public institutions and individuals, particularly during this critical period when lawmakers are deeply engrossed in the political competition for the leadership positions in the impending 10th National Assembly.

    “The insinuations and attacks against the person of the Speaker goes to naught as he remains the most forthright, upstanding, and most loved Speaker in our parliamentary history. Any attempt by one or two to plant malicious stories for the unsuspecting public is in futility,” the House of Representatives said.

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    Aliko Dangote speaking about plans to generate 20,000 megawatts of electricity in Nigeria amid ongoing power shortages.

    Dangote plans London Stock Exchange listing for cement business

    May 8, 2026
    Federico Valverde has delivered an emotional public apology after reports emerged that he was involved in a heated training-ground dispute with teammate Aurélien Tchouaméni at Real Madrid.

    Federico Valverde apologises over clash with Tchouaméni

    May 8, 2026
    Yahaya Bello in court during hearing on alleged money laundering charges linked to prepaid school fees dispute.

    Yahaya Bello trial: Witness tells court how N950m Maitama property was bought in dollars

    May 8, 2026
    Federico Valverde has delivered an emotional public apology after reports emerged that he was involved in a heated training-ground dispute with teammate Aurélien Tchouaméni at Real Madrid.

    Real Madrid fine Valverde, Tchouameni €500,000 over clash

    May 8, 2026
    FCMB launches SheVentures zero-interest loan scheme for women entrepreneurs in Nigeria.

    FCMB unveils zero-interest loans for women entrepreneurs

    May 8, 2026
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