The lawmaker gave MTN and Airtel the last warning to honour the committee’s invitation or face the arrest warrant.
The bank’s board also approved the appointment of Ini Ebong as the Deputy Managing Director of FirstBank.
According to Mr Cardoso, countries must prioritise building a balanced and resilient debt portfolio.
“Nobody brought him in to add to our pain.’’
Mr Nwoko expressed fears that the principles of fairness and justice might have been compromised in the exercise.
The minister said the government would also facilitate the acquisition of aircrafts under dry lease agreement.
“Street trading of foreign currencies is not allowed.’’
“If we stay focused on the reform, the pains would be short-lived,” the CBN governor said.
The apex bank set the application fee for Tier-1 licence at N1 million.
The CBN-MPC on Tuesday increased the benchmark interest rate by 150 basis points to 26.25 per cent from 24.75 per cent set in March.
