Nairametrics| The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has found himself in hot waters once again, this time with the ad-hoc committee probing into alleged fraudulent practices with regard to the proceeds of crude oil sales between 2011 and 2014.
The Chairman of the House ad hoc committee, Abdulrazak Namdas, said that the CBN was the organ delaying the progress of the committee’s work of probing undeclared crude oil exports in those years with its refusal to provide the details of proceeds of crude oil sales.
Expressing his disappointment, Namdas went on give the CBN Governor a one-week ultimatum, at the expiry of which failure to produce the requested documents would lead to an arrest warrant against the CBN boss.
“We have sent two different letters to the CBN and the bank has provided two conflicting responses to our inquiry.
“In response to the first letter, the apex bank pleaded for time due to the volume of documents required but in response to the second letter, CBN indicated that it has no record of undeclared crude….We expected him to be here and he is not, we are disappointed. We will not allow any agency of government to delay the committee’s work.
If in the next one week, the CBN Governor did not appear before this committee, we will not hesitate to exercise our powers in line with section 88 and 89 of the 1999 constitution,”
According to Namdas, the required details from the CBN are vital as the investigation cannot commence without them.
The committee, according to Namdas, had also summoned the Ministry of Finance, the Nigerian National Petroleum Corporation, the Department of Petroleum Resources, the Nigerian Maritime Administration and Safety Agency, the Nigerian Navy and the Nigeria Customs Service.