House of Reps members warn of the possible arrest of the CBN due to leaks concerning REMITA

YEPS
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The House of Representatives Public Accounts Committee issued a stern summons to the Governor of the Central Bank of Nigeria, Olayemi Cardoso, demanding his presence before the committee on March 5, 2024, to address concerns regarding alleged leakages in the REMITA e-payment platform.

Expressing frustration over Cardoso’s absence during previous hearings, the committee emphasized the pivotal role of his testimony in advancing their investigation into revenue leakages associated with REMITA.

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In a letter signed by committee chairman Bamidele Salam, Cardoso was reminded of the committee’s authority to summon individuals and warned of potential legal consequences for non-compliance, including the issuance of a warrant of arrest.

The letter, titled “Investigation of revenue leakages through REMITA platform,” urged Cardoso to seize the opportunity to provide insight and bring relevant officers familiar with the matter to assist in addressing inquiries.

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Moreover, the committee reprimanded Cardoso for previous attempts to send representatives in his place, emphasizing the requirement for chief accounting officers to appear in person as mandated by constitutional provisions.

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