The Central Bank of Nigeria may be asked to withdraw its audited annual financial reports which were released last month, according to findings by The PUNCH.
Stakeholders react
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Muda Yusuf, said the investigation had become necessary to ascertain if there were any infractions or abuse of office. He said, “Any investigation is worth it. There is a need for investigation to determine the transparency and accountability of their job and to ensure that they have been working in the context of corporate etiquette. So, there is nothing wrong with the investigation at all.”
“We saw what transpired in terms of his affiliation and moves. And then, there is the issue of the Naira redesign. I think this government just thought that the CBN is not doing well regarding the sanctity of the central bank in terms of its independence. So they felt a need to do a number of investigations.
“But as a president, maybe he knows what we don’t know. When you start probing your apex bank, then you send a wrong signal in terms of the direction of the economy and in terms of what will happen going forward. Already, there is a challenge with getting investors to come in and there is a challenge with our forex reserve. It is depleting every day.’’
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UAE lifts visa ban on Nigerians after Tinubu's interventionThe United Arab Emirates (UAE) has lifted its visa ban imposed on Nigerians.
Read more »
Tinubu secures landmark deal with UAE; visa ban lifted immediatelyBy this historic agreement, both Etihad Airlines and Emirates Airlines are to immediately resume flight schedules into and out of Nigeria...
Read more »
Flutterwave launches CBN-backed Swap, partners Wema, Kadavra to make FX availableSwap is a cutting edge solution that is backed by the CBN to serve as the secure and reliable digital platform for Nigerians to have immediate access to foreign currency at competitive exchange rates.
Read more »
'He made my job easier' -- Keyamo hails Tinubu for ending Nigeria, UAE diplomatic rowFestus Keyamo, minister of aviation and aerospace development, has hailed President Bola Tinubu for bringing an end to the diplomatic row between Nigeria and the United Arab Emirates.
Read more »
Tinubu, EFCC shouldn’t overlook govs diverting LG fundsThanks for this opportunity. I was a member of the legislative arm in Ogun State for eight years, from 1999 to 2007 and then I became
Read more »