Wednesday, September 30, 2026

Reps summon CBN governor over revenue leakages

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

• February 27, 2024
Olayemi Cardoso
Olayemi Cardoso [Credit: The Guardian ]

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)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

NEMA

NationWide

NEMA trains staff on search, rescue operations

Mr Ahmad urged participants to take the training seriously.

Yusuf Ata

NationWide

ECM strengthens efficiency, transparency in housing ministry: Minister

Mr Belgore disclosed that more than 90 desktop computers and 30 laptops were distributed to departments in February 2026.

Zamfara State logo.

States

Zamfara celebrates 30th anniversary with flight inauguration, compendium launch

Mr Nakwada said the anniversary would provide an opportunity to reflect on its three-decade journey.

Isreal Prime Minister Benjamin Netanyahu

World

Passengers overpowered co-pilot who tried to crash-fly Dubai flight: Netanyahu

An Israeli official earlier told Reuters the plane transmitted emergency signals.

NationWide

Alleged Coup: Court fixes December 7 for ruling in trial-within-trial 

Mr Umoru said those to recruit include soldiers, officials of the State Security Services (SSS) and Julius Berger staff.

Showbiz

Sean ‘Diddy’ Combs enjoying life behind bars with Chinese-style massage, Hennessy: Report

Diddy is enjoying life behind bars, allegedly pampered with Chinese-style massages, men who cook, clean, make his bed, do his laundry, and use contraband items.