House of Reps Summons CBN Governor Cardoso Over Alleged N16 Trillion Unremitted Funds
The House of Representatives has summoned Central Bank of Nigeria Governor Olayemi Cardoso over allegations that the apex bank failed to remit more than ₦16 trillion in operating surplus and revenue to the government. The decision followed a motion by Public Accounts Committee Chairman Bamidele Salam, citing findings from the 2022 Auditor-General’s report, which highlighted financial irregularities linked to the Remita revenue collection system from 2015–2016. Despite disagreements among lawmakers on how to proceed, the House mandated the Public Accounts Committee to continue the investigation. Rights group SERAP had earlier demanded accountability from the CBN over missing public funds flagged in the same report.
#CBN
#HouseOfReps
#PublicFunds
The House of Representatives has summoned Central Bank of Nigeria Governor Olayemi Cardoso over allegations that the apex bank failed to remit more than ₦16 trillion in operating surplus and revenue to the government. The decision followed a motion by Public Accounts Committee Chairman Bamidele Salam, citing findings from the 2022 Auditor-General’s report, which highlighted financial irregularities linked to the Remita revenue collection system from 2015–2016. Despite disagreements among lawmakers on how to proceed, the House mandated the Public Accounts Committee to continue the investigation. Rights group SERAP had earlier demanded accountability from the CBN over missing public funds flagged in the same report.
#CBN
#HouseOfReps
#PublicFunds
House of Reps Summons CBN Governor Cardoso Over Alleged N16 Trillion Unremitted Funds
The House of Representatives has summoned Central Bank of Nigeria Governor Olayemi Cardoso over allegations that the apex bank failed to remit more than ₦16 trillion in operating surplus and revenue to the government. The decision followed a motion by Public Accounts Committee Chairman Bamidele Salam, citing findings from the 2022 Auditor-General’s report, which highlighted financial irregularities linked to the Remita revenue collection system from 2015–2016. Despite disagreements among lawmakers on how to proceed, the House mandated the Public Accounts Committee to continue the investigation. Rights group SERAP had earlier demanded accountability from the CBN over missing public funds flagged in the same report.
#CBN
#HouseOfReps
#PublicFunds
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