• N700bn Bail-out Fund, Reps Threaten Sanction Against CBN Governor Finance Minister

    N700bn Bail-out Fund, Reps Threaten Sanction Against CBN Governor Finance Minister

    According to reports, the House of Representatives yesterday threatened to invoke it’s constitutional powers against the Minister of Finance, Kemi Adeosun, Central Bank Governor, Godwin Emefiele and the Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo.

    Chairman of the ad-hoc committee of the House, investigating the disbursement and utilisation of Federal government’s bail-out funds, Hon. Sadiq Ibrahim, issued the threat message while receiving representatives of the three government establishments.

    The committee noted that the representatives were not competent enough […]