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Non-remittance of N16tr revenue: Reps committee summons CBN Gov

by Present Nigeria
December 11, 2025
in Business
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Electoral Act: House Passes Bill, Retain Clause 52
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A rowdy session broke out on the floor of the House of Representatives on Wednesday as lawmakers disagreed over which committee should question the Governor of the Central Bank of Nigeria, Olayemi Cardoso, on the alleged non-remittance of more than ₦16trn in government revenues.

The uproar followed the adoption of a motion titled “Non-remittance of over ₦5trn operating surplus and ₦11trn government revenue by the Central Bank of Nigeria,” sponsored by Osun lawmaker and Chairman of the Public Accounts Committee, Bamidele Salam.

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Salam urged the House to invite the CBN governor to provide explanations and present “actionable measures” for the immediate payment of all outstanding debts owed to the Federal Government.

Kano lawmaker Ghali Tijani subsequently moved for an amendment proposing the creation of an ad-hoc committee to handle the assignment, a position supported by Mark Esset of Akwa Ibom.

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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