The sleaze by the NBET was uncovered by the Senate Committee on Public Accounts, chaired by Senator Mathew Uhrogbide, when the Managing Director of the company, Dr. Nnaemeka Ewelukwa, appeared before the committee to defend the query raised by the Office of the Auditor General of the Federation on the issue.
Browsing: Treasury Bills
The commission also disclosed that the PFAs invested N4.22 trillion in Federal Government’s bonds, Federal Mortgage Bank of Nigeria got N10.91 billion; Sukuk bonds, N53.15 billion; and green bonds, N6.96 billion.
FMDQ OTC Securities Exchange posted a turnover of N86.39 trillion in fixed income and currency market transactions in the first half of 2018.
The CBN, on its debt issuance calendar on Friday in Lagos, said that the bills would have tenors of between three months and one year maturities
The association, which comprised all financial institutions in the
country, said that five categories of the treasury bills were sold at
the last bi-monthly auction