Reps Summon CBN Governor To Account For Recovered Funds

Reps Summon CBN Governor To Account For Recovered Funds

The House of Representatives has summoned the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele as investigation into activities of the financial regulator begins.

According to RIPPLES NIGERIA, CBN has been accused of failing to disclose recovered funds in its possession.Jamb Result

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Godwin Emefiele will be facing the House committee on public account.

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RIPPLES NIGERIA reports that the investigation is centred on the period between 2016-2019, when over $40.52 million was recovered but hasn’t been accounted for.

This was discovered by the office of the auditor-general of the federation, which drew the attention of the legislature to the financial discrepancy.

According to RIPPLES NIGERIA, other public officials including Minister of works and housing, Babatunde Fashola, and minister of communication and digital economy, Isa Pantami have been summoned by the House of Representatives alongside Emefiele.

Others include minister of health, Osagie Ehanire, minister of interior, Rauf Aregbesola, as well as permanent secretaries and directors of finance for Fashola and Aregbesola.

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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