House Of Reps Issues Ultimatum: CBN Governor Summoned Over REMITA Leakages, Faces Arrest Threat

House Of Reps Issues Ultimatum: CBN Governor Summoned Over REMITA Leakages, Faces Arrest Threat

In a dramatic turn of events, the House of Representatives Public Accounts Committee has 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 within the e-payment solution platform, REMITA. The Reps, incensed by Cardoso’s absence during previous sessions, have warned of potential arrest should he fail to comply with the summons…..READ ALSO Tinubu’s Economic Vision: House Of Reps Forecasts Transformation In Two Years

With the investigative process into revenue leakages through the REMITA platform at a standstill due to Cardoso’s non-appearance, the committee has invoked its authority to compel his attendance. In a letter signed by committee chairman Bamidele Salam, Cardoso was reminded of the committee’s power to summon any individual within Nigeria and warned of the consequences of non-compliance.

The letter, titled “Investigation of revenue leakages through REMITA platform and non-compliance substantially with the standard operating procedure and other allied service level agreements 2023,” admonished Cardoso to take advantage of the final opportunity afforded to him and to ensure his appearance at the designated time and venue.

Furthermore, Cardoso was instructed to come prepared with relevant officers well-versed in the matters under scrutiny, emphasizing the committee’s disapproval of representation in lieu of personal attendance. The committee underscored the gravity of the situation, invoking constitutional provisions to underscore the imperative of Cardoso’s presence before the committee.

As tensions escalate and scrutiny intensifies, all eyes are on Cardoso as he navigates the high-stakes terrain of legislative oversight. The outcome of this summons holds significant implications for accountability and transparency within Nigeria’s financial sector, underscoring the critical role of parliamentary scrutiny in upholding the public interest.