The government of President Muhammadu Buhari and the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, are to be investigated by the Senate over the acquisition and utilization of the N30tn Ways and Means loans. The Senate attributes the current food and security crises in Nigeria to the spending of the overdraft received from the CBN. The Senate has accused the immediate past government of not providing details of the spending to the National Assembly and has resolved to set up an ad hoc committee to investigate the use of the N30tn overdraft. This committee will also examine the N10tn expended on the Anchor Borrowers Scheme, the $2.4bn forex transaction out of the $7bn obligation, and other intervention programs. The investigation comes at a time when Nigerians are grappling with a food crisis, inflation, naira depreciation, and insecurity. President Bola Tinubu and his economic team have faced sharp criticism following last year’s fuel subsidy removal and exchange unification policy, which resulted in harsh economic conditions for citizens.