The House of Representatives on Wednesday summoned the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to explain the alleged non-remittance of over ₦11 trillion in revenues collected through the Remita system.
The matter, raised by the Committee on Public Accounts, also involves more than ₦5 trillion in operating surpluses that the apex bank reportedly failed to remit to government coffers.
The issue, highlighted in the Auditor General of the Federation’s 2022 report, has prompted lawmakers to launch a thorough investigation to determine the extent of the financial lapses and ensure accountability.
Adopting a motion by the Chairman House Committee on Public Accounts, Bamidele Salam, the House notes that the alleged financial liability include charges collected in administration of the Remita Revenue Collection System by the apex bank, which have not been remitted to government coffers between March 2015 to April 2016.
This and other infractions, the House revealed, were cited in the Auditor General of the Federation’s Report for 2022 which indicted several agencies of government alongside the CBN.
There was however a mild drama on the floor as members were initially divided on whether the investigation should be carried out by an ad-hoc committee. The House resolved to allow the Public Account Committee continue with the investigation.
