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Distribution of Development Bank of Nigeria loans across the six zones

Status

No final report

Assembly

Senate

Opened

17 November 2022

Assembly term

9th National Assembly (2019–2023)

Committee

Ad hoc committee

Sum at issue

₦500 billion

Subject

Loans and public debt

Without a report for

1,455 days

The Senate resolved to investigate the uneven distribution of about ₦500 billion in Development Bank of Nigeria loans across the six geopolitical zones. In July 2023 the Senate relaunched the probe after a motion by Senator Ali Ndume noted that 47 percent of a ₦483 billion facility had gone to Lagos State while the whole North received 11 percent.

What the record shows

17 November 2022
Probe opened.
12 July 2023
The Senate relaunched the probe through a seven-member ad hoc committee led by Senator David Umahi.
As of 11 November 2026
No final report of this probe has been found on the public record.

Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.