Senate Blows Hot As CBN, Others Resist Oversight Functions

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The Senate on Tuesday issued a stern warning to the Central Bank of Nigeria (CBN) and other Ministries and agencies of government for resisting the oversight responsibility of the Senate.

Chairman of the Senate Committee on Public Accounts, Senator Matthew Urhoghide speaking at a press conference in Abuja on Wednesday revealed that the Central Bank of Nigeria and other strategic agencies of government have turned down the demand for submission of reports on their activities. from 2017 – 2019.

He said, the situation has frustrated the efforts of the 9th Senate, while corruption and mass fraud were recurrent decimal in the affected government establishments.

While issuing a seven-day deadline to submit their reports, Senate said, no agency of government would be spared on how financial transactions were handled within the ambit of laws that established the particular agency.

“You are aware that Senate Committee on Public Accounts is charged with the responsibility of reducing corruption in over 600 agencies of government to the barest minimum.

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