Reps issue warrant of arrest on CBN governor, others


The House of Representatives Committee on Public Petition has issued a warrant of arrest on the CBN governor, Olayemi Cardoso, the Accountant General of the Federation, Oluwatoyin Madein and 17 others for refusing to appear before it to answer questions on their operations.

This followed the adoption of a motion by Rep. Fred Agbedi (PDP-Bayelsa) at the committee’s hearing on Tuesday.

Moving the motion, Mr Agbedi said the arrest warrant had become inevitable following the attitude of the invitees.

In his ruling, the committee’s chairman, Micheal Irom (APC-Cross River), said the IGP should ensure the CEOs were brought before the committee on December 14.

He said the report was a summary of the “fraudulent” transactions in the oil and gas industry for 2021, which NEITI could be challenged.

He said:

“It dates back to 2016 because we have been following, and we put up a petition to this committee to examine what has happened.

The 2024 budget of 27.5 trillion that has been proposed can CONFIDENTLY BE funded from the recoverable amount that we identified in the NEITI report.

“It is basically a concealment of illegal transactions that took place in NNPCL; they have been in the sink with some oil companies where some companies that did not produce crude were paid cash core, an amount paid for crude oil production.”