Tag: CBN Governor

H’Reps summon CBN Gov, Finance Minister, others over non-payment of contractors

Aminu Imam
H'Reps summon

The 10th House of Representatives yesterday summoned the Central Bank of Nigeria (CBN) governor, Yemi Cardoso, Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of Budget and Economic Planning, Atiku Bagudu; the Accountant-General of the Federation, Babatunde Ogunjimi and the Auditor-General for the Federation, Shaakaa Chira, over non-payment of contractors since 2024. The resolution of the House followed the adoption of a motion moved during yesterday’s plenary by Delta lawmaker, Ezechi Nnamdi. Moving the Motion, the lawmaker expressed concern that contractors across all Federal Government Ministries,…

Read More

Maritime: MD NPA knocks CBN Gov. over investor-unfriendly policies

Aminu Imam
MD NPA

…Approves 24 Barge operation licenses The Nigerian Ports Authority (NPA) has blamed the Central Bank of Nigeria (CBN) for the decline in Ship-to-Ship (STS) operations and the dearth of the ship bunkering business in Nigeria, saying that the unfriendly policies of the bank is driving away stakeholders and investors from the business. The NPA Managing Director, Mohammed Bello-Koko, who was represented by Ibrahim Abba Umar, the Executive Director Engineering and Technical Services of NPA, made the assertions during a stakeholders engagement called by the Minister Marine and Blue Economy, Adegboyega…

Read More

Ex-SGF, Boss Mustapha, speaks on $6.3m CBN looting allegation

Aminu Imam

Former Secretary to the Government of the Federation, (SGF), Boss Mustapha, has vehemently denied a report alleging his involvement in the alleged illegal withdrawal of $6.3 million from the Central Bank of Nigeria (CBN) during Muhammadu Buhari’s administration. The report, published by an online newspaper, claimed that a special investigator appointed by President Bola Tinubu uncovered the alleged theft, which supposedly occurred on February 8, 2023 — weeks before the presidential election. The report further alleged that Mustapha, along with the embattled former CBN Governor, Godwin Emefiele, authorised the removal…

Read More

H/Reps move to reduce powers of CBN Governor

Aminu Imam

…Pass Bill to separate positions of Board chairman from governor A Bill to create the position of Chairman of the Board of the Central Bank of Nigeria (CBN), separate from the position of the governor, scaled second reading in the House of Representatives yesterday. Sponsor of the Bill,  Francis Waive, who spoke at plenary in Abuja, said there was need to amend Section 6 to separate both positions, so the governor could be checked and not have all the powers. The Bill also proposed that in the event of the…

Read More

Senate confirms Cardoso as Gov., 4 deputies

Aminu Imam

…Says: “No politician can hijack CBN under me” The Senate, yesterday, confirmed the appointment of Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN) as well as 4 others nominated for the position of deputy governors of the apex bank. Cardoso, along with the Deputy Governors-Designate, Folashodun Shonubi, Mrs. A’ishah Ahmad, Edward Lametek Adamu, and Dr. Kingsley Obiora, were all confirmed following a screening conducted by the upper legislative body. The newly confirmed governor declared that the apex bank, under his leadership, will not…

Read More