UPDATE: House of Reps Committee Orders Arrest Of CBN Governor

The governor of the Central Bank of Nigeria (CBN), Oluwatoyin Madein, the accountant general of the federation, and seventeen other officials had been issued for their arrest by the House of Representatives Committee on Public Petitions for their failure to appear before the committee.

At the committee meeting on Tuesday, Representative Fred Agbedi (PDP-Bayelsa) adopted a motion, which led to the decision.

Agbedi contended that the invitees’ noncompliance made the arrest warrants essential.

CBN Announces Deadline Date for BVN, NIN Enrollment

After the Speaker, Representative Tajudeen Abbas, had done her research, he suggested that the Inspector General of Police bring the CEOs before the committee.

Rep. Michael Irom (APC-Cross River), the committee’s chairman, gave the IG instructions to make sure these officials were present on December 14.

Fidelis Uzowanem, the petitioner, had previously said that the Nigeria Extractive Industries Transparency Initiative (NEITI) report of 2021 served as the basis for his petition.

He said, “We took up the challenge to examine the report and discovered that what NEITI put together is a report is only consolidation of fraud that has been going on in the oil and gas industry.

“It dates back to 2016 because was have been following and we put up a petition to this committee to examine what has happened.

UPDATE: Tinubu Backs CBN On Increasing Banks’ Capital Base

“The 2024 budget of 27.5 trillion that has been proposed can be confidently funded from the recoverable amount that we identified in the NEITI report.

“It is basically a concealment of illegal transactions that took place in NNPCL; they have been in a sink with some oil companies where some companies that did not produce crude were paid cash core, an amount paid for crude oil production.”

 

Follow us on Facebook