The Secretary to the Government of the Federation, George Akume, says the Federal Government will soon unveil the audit report of probe of the Central Bank of Nigeria. President Bola Tinubu had on July 28, 2023, named a former Chief Executive Officer of the Financial Reporting Council of Nigeria, Jim Obazee, as the Special Investigator for the CBN. The President asked the special investigator to probe the CBN and key […]
Olayemi Cardoso, today has formally assumed duty,in an acting capacity, as the Governor of the Central Bank of Nigeria (CBN), pending his confirmation by the Senate. This follows the resignation of Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN), earlier this week. “Similarly, the Deputy-Governors-Designate have also assumed duty, in acting capacities, sequel to the formal resignation of Folashodun Shonubi, Aishah Ahmad, Edward Lametek Adamu, and Kingsley […]
President Bola Ahmed Tinubu on Friday appointed Yemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN). This is in a statement signed by Ajuri Ngelale, the Presidential spokesman in Abuja. The statement reads; "President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at […]
The House of Representatives, has summoned the acting Governor of the Central Bank of Nigeria, CBN, Folashodun Shonubi and Accountant General of the Federation, AGF Mrs Oluwatoyin Madein over allegations bothering on non-remittance of billions of naira accruing from the National Housing Fund, NHF, since 2011. Chairman, Ad-hoc Committee investigating non-remittance of NHF contributed by Nigerian workers, Mr. Dachung Bagos issued the notice in Abuja at the resumed investigative hearing […]
President Bola Tinubu says a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is imminent. The President disclosed this during an audience with the President of the World Bank, Mr. Ajay Banga on Friday at the Presidential Villa, Abuja. ''A comprehensive forensic audit is ongoing at the Central Bank. We are going to do a very serious structural review of […]
The Central Bank of Nigeria, CBN, says it has little or no control over the price of either Premium Motor Spirit, PMS or the dollar. A Principal Manager with the apex bank, Mr Osagie Clement, disclosed this when he appeared before the House of Representatives adhoc committee investigating the recent hike in the price of fuel. Mr Clement stated that the demand for PMS has gone down by 30 percent […]
The Central Bank of Nigeria has directed banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies. A post-no-debit means that all debit transactions, including ATMs and cheques, on the accounts have been blocked but can receive inflows. The circular, signed by A.M. Barau on behalf of the CBN director of banking supervision, on Tuesday, also instructed banks to notify the concerned customers of […]
