Reps Orders IGP to Arrest of CBN Governor Cardoso, 18 Others

• CBN Governor Olayemi Cardoso has been ordered to be arrested by the House of Representatives Committee on Public Petitions
• The House also ordered the arrest of the accountant general of the federation, Oluwatoyin Madein, and 17 other CEOs of government agencies
• According to the lawmakers, Cardoso and 18 others have failed to honour their invitations for four times to give accounts of their stewardship in their respective positions

Legit.ng journalist Bada Yusuf is an accomplished politics and current affairs editor, boasting over seven years of experience in journalism and writing.

FCT, Abuja - Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has been issued an arrest warrant by the House of Representatives Committee on Public Petitions.

According to The Tribune, Cardoso's arrest was ordered alongside Oluwatoyin Madein, the Accountant General of the Federation, and 17 others over their refusal to appear before the House committee to answer questions regarding their operation.

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Why House of Reps ordered arrest of CBN Governor Cardoso, 18 others

The lawmakers ordered their arrest over their reluctant to honour the invitations to appear before the committee on their stewardship.

Micheal Irom, the chairman of the House Committee, directed the Inspector General of Police to ensure that the CEOs appeared before the committee on December 14 through a warrant of arrest.

This came after the speaker of the House of Representatives, Tajudeen Abbas, conducted due diligence.

House of Reps move motion to issue arrest warrant in CBN governor

At the hearing of the committee on Tuesday, December 5, Fred Agbedi moved the motion that led to the adoption of the warrant of arrest.

According to Agbedi, the CBN Governor Cardoso and 18 others were sent invitations on four different occasions, but they failed to appear for the hearing, thus, the need for the action to be taken.

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Idelis Uzowanem, the petitioner, said the petition was premised on the Nigeria Extractive Industries Transparency Initiative (NEITI) report of 2021.

Recall that Cardoso was recently confirmed as governor of the apex bank by the national assembly after his name was forwarded to the lawmakers.

Reps: "Budget for presidential yacht has been transferred to student loan"

Legit.ng earlier reported that the House of Representatives has said that the controversial N5 billion presidential yacht in the supplementary budget has been thrown out.

Abubakar Bichi, the chairman of the House Committee on Appropriation, who spoke to journalists after the N2.17 trillion supplementary budget was passed, said the money was transferred to the student loan section.

But the presidency, in its explanation, said the presidential yacht was an operational naval boat with specialised gadgets suitable for high-profile operational inspection.

Source: Legit.ng