Senate summons Emefiele over missing $9.5m


By Ismail Auwal

The Nigerian Senate has given the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, an ultimatum of seventy- two hours to appear before it to explain what led to the alleged disappearance of $9.5m interest accrued from Petroleum Profit Tax (PPT) investment.

The summon is sequel to the consideration of a report by the Auditor-General for the Federation, which probed the spendings of federal government agencies.

According to Senator Matthew Urhoghide, Peoples Democratic Party, PDP, Edo South led Senate Committee on Public Accounts, the principal sums deposited, the tenor, and rate of interest were shrouded in secrecy.

Speaking on the development, the Chairman of the Senate Committee on Public Accounts, Senator Urhoghide who noted that there are many issues the CBN Governor needs to respond to corroborate some statements of account, said that Apex Bank Governor has till Thursday this week to appear to address those issues before the Committee.

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