• Collateral Register: CBN has overreached its powers -Dogara

    Collateral Register: CBN has overreached its powers -Dogara

    Hon. Yakubu Dogara, Speaker of Nigeria’s House of Representatives, has stated that the Central Bank of Nigeria (CBN) cannot change the laws of the land under the pretext of promoting “sound financial system.”

    Dogara said this while speaking at the public hearing organised by the House Committee on Commerce on “A Bill for an Act to Provide For Secured Transactions” on Monday, stating that the CBN’s regulations for a collateral register, may have overreached its powers.

    Speaking on the secured transaction bill, […]