Across Nigeria Corruption Matters Main News Whistle Blower

Reps probe N100bn released by CBN for cattle ranches

The House of Representatives has set up an ad hoc committee to investigate the N100bn said to have been disbursed to states by the Central Bank of Nigeria to build “mini” cattle ranches across the country.

The National Economic Council reportedly approved the release of the money in 2014 under the administration of former President Goodluck Jonathan.

But, a member from Kogi State, Mr. Sunday Karimi, moved a motion on Thursday to inform the House that there was no evidence of ranches built in any state from the N100bn.

Incidentally, Karimi is one of the sponsors of the grazing reserves bill pending at the National Assembly.

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