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Home ECOWAS Nigeria

Reps summon CBN governor over revenue leakages

by Diplomatic Info
February 28, 2024
in Nigeria
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The House of Representatives Public Accounts Committee (PAC) has summoned the Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, to appear before it on or before Tuesday, March 5, or face an arrest warrant.

Rep. Bamidele Salam, the chairman of the committee, said this in Abuja on Tuesday at the resumed investigative hearing of the committee on revenue leakages.

Mr Salam expressed reservations over the governor’s approach to President Bola Tinubu’s reform agenda.

The CBN governor had sent Ogbulu Peter, an assistant director, to represent him at the hearing, drawing the irk of the lawmakers.

“I feel somehow alarmed at the kind of vibes we get from the Central Bank Of Nigeria and especially the governor of the bank, Mr Olayemi Cardoso.

“I have reasons to doubt whether the CBN governor is interested in the success of President Bola Tinubu’s administration.

“I have serious doubt as to whether he is actually interested in reinventing Nigeria and bringing Nigeria out of the woods economically and financially,” Mr Salam said.

The committee expressed concerns over the CBN governor’s attitude to the parliament’s invitation on several occasions.

The committee chairman emphasised the importance of the CBN’s accountability to the legislative body and the Nigerian people.

He said, “I have tremendous respect for him, but his conduct since assuming this office has left much to be desired.

“Honorable colleagues, in this same committee room, we have written letters several times, and I am not talking about 5, 6, 7, 8,9 concerning one matter or another.”

(NAN)

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