Reps Call on Finance Minister and CBN Governor to Appear Over Fiscal Act Breach
The Joint House of Representatives Committees on Public Accounts and Public Assets have ordered the Minister of Finance, Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to show up over alleged non-compliance with the Fiscal Responsibility Act of 2007 and also the internal control lapses discovered in the 2021 audit reports by the Auditor General for the Federation. A letter was signed by the Chairmen of the Committees— Bamidele Salam (Public Accounts) and Ademorin Kuye (Public Assets)—where the lawmakers have asked both officials to provide detailed explanations on the remittance of operating surpluses to the Federation Account, in line with relevant financial laws and regulations.