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House Committee Orders Arrest of CBN Governor, Accountant-General, Others

Boom RadioNG | December 6, 2023

In a stern move to uphold its authority, the House of Representatives Committee on Public Petition has issued arrest warrants for the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, the Accountant-General of the Federation, Oluwatoyin Madein, and 17 other individuals for failing to honor the committee’s summons.

CBN Governor, Mr. Olayemi Cardoso at the National Assembly on Tuesday, September 26, 2023.
photo credit: CBN

The decision to issue the warrants stems from the repeated failure of the aforementioned individuals to appear before the committee despite being invited on multiple occasions. The committee, chaired by Micheal Irom (APC-Cross River), deemed the arrest warrants necessary to enforce its powers and ensure accountability.

The warrant also extends to the heads of various government agencies, including the National Petroleum Investment Management Services (NAPIMS), Ethiop Eastern Exploration and Production Company Ltd, Western Africa Exploration and Production, Alteo Eastern E&P Co. Ltd., First Exploration & Production Ltd., Heirs Holdings Oil, Mobil Producing Nigeria Unlimited (MPNU), Shell Petroleum Development Company (SPDC), Total Exploration & Producing Nig (TEPN), Nigeria Agip Oil Company (NAOC), Pan Ocean Oil Nig, Ltd, Newcross E&P Ltd, and Frontier Oil Ltd.

CBN Governor, Mr. Olayemi Cardoso at the National Assembly on Tuesday, September 26, 2023.
photo credit: CBN

The committee’s actions serve as a strong reminder that government officials are subject to legislative oversight and must adhere to the committee’s summons. The arrest warrants underscore the committee’s commitment to upholding transparency and accountability in government affairs.

Written by Boom RadioNG

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