120bn aviation sector bailout cbn others queried

It seems like you're referring to a news article or report about a bailout package for the aviation sector in Nigeria, worth 120 billion naira, and the queries surrounding it.

Here's a summary of the article:

The Central Bank of Nigeria (CBN) and other stakeholders have been queried over the 120 billion naira bailout package for the aviation sector. The bailout was announced by the CBN in October 2020, with the aim of supporting the sector, which has been severely impacted by the COVID-19 pandemic.

However, the query has been raised over the lack of transparency and accountability in the disbursement of the funds. Some stakeholders have expressed concerns that the funds may not be used for their intended purpose, and that there may be a lack of oversight and monitoring to ensure that the funds are used effectively.

The query has also been raised over the fact that the bailout package was not subject to the usual due process and transparency requirements, which has raised concerns about the potential for corruption and mismanagement of the funds.

The CBN has defended the bailout package, stating that it was necessary to support the aviation sector, which is a critical part of the country's economy. The bank has also stated that it has put in place measures to ensure that the funds are used effectively and transparently.

The query has sparked a debate about the role of the CBN and other stakeholders in supporting the aviation sector, and the need for greater transparency and accountability in the use of public funds.

Some of the key questions that have been raised include:

Overall, the query over the 120 billion naira bailout package for the aviation sector highlights the need for greater transparency and accountability in the use of public funds, and the importance of ensuring that public funds are used effectively and efficiently to support critical sectors of the economy.