CBN: Cardoso Would Be Arrested- Reps

The House of Representatives has threatened to arrest Yemi Cardoso, Nigeria’s Central Bank of Nigeria, CBN, governor.

The threat was issued on Tuesday by the House of Reps Committee on Public Accounts, which accused the CBN governor of ignoring summons.

Cardoso’s absent after various summons, the committee said has  stalled it’s investigative process on revenue leakages through the REMITA platform.

In a letter made available  to journalists, titled “RE: Investigation of revenue leakages through REMITA platform and non-compliance substantially with the standard operating procedure and other allied service level agreements 2023,” the lawmakers said Cardoso has been given another opportunity to appear before the committee.

The CBN governor must now appear unfailingly on or before March 5, 2024 or face arrest, the letter said.

According to the letter: “The Public Accounts Committee has the power to summon any person in Nigeria to give evidence, produce any document in his possession and under his control.

“Failure to comply with this civil invitation may leave the committee no choice but to issue a warrant of arrest against you in line with Legislative Houses (Powers & Privileges Act 2017) (Sections 2 & 3) and the 1999 CFRN (as amended) in line with House Procedures.

“Consequently, the committee resolved to grant you one last opportunity to appear,”

“You are strongly advised to take good advantage of this invitation and appear before the committee unfailingly on Tuesday 5th March 2024 at 10 am in the Meeting Room 446, House of Representatives’ New Building to respond to the issues that will arise during the hearing session.

“You are also advised to come along with all relevant officers who are familiar with the issues at stake and may assist you provide answers to any question that could arise during the session.”