•House of Representatives The House of Representatives today descended into a rowdy session following a motion seeking the appearance of the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, over the Bank’s alleged non-remittance of N5.2 trillion operating surpluses and N11.09 trillion revenue totalling N16.3 trillion between 201...
•CBN Governor Yemi Cardoso Central Bank of Nigeria Governor, Olayemi Cardoso, and the CBN’s Director of Legal Services, Salam-Alada Kofo, have been sued for contempt of court at the Federal High Court in Abuja over their alleged refusal to comply fully with a Supreme Court judgment. The applicant, Melrose General Services, filed a contempt sui...
The House of Representatives Committee on Public Accounts (PAC) has summoned the Central Bank Governor to appear before it on Tuesday, March 5, unfailingly, regarding issues with leakages on the REMITA platform. The Committee’s Chairman, Hon. Bamidele Salam, conveyed the summons in a letter to the CBN Governor titled, RE: INVESTIGATION OF REVE...

