Reps reject move to probe CBN
The House of
Representatives, yesterday, rejected moves to investigate the Central
Bank of Nigeria (CBN) for disbursing N500 billion to airlines without
seeking approval of the lawmakers.
Femi Gbajabiamila
(AC, Lagos) had sought to move a motion of urgent of public importance
for the next legislative chamber to investigate the disbursement.
“In the last to
three months, CBN has released subsidy of N500 billion to private
airlines. I feel this is a matter we should discuss dispassionately. We
should guard jealously the powers of the institution,” he told the
House.
Mr. Gbajabiamila
noted that, last year, the CBN “in its wisdom and unilaterally gave out
N600 billion to some ailing banks in violation of the law of the land.”
He said in order to assert its legislative powers, the House should look into the matter.
However, when the deputy speaker, who presided at the session, put it to vote, members voted against it.
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