Connect with us


Outrage among lawmakers as Emefiele, Nami shun Reps invite over subsidy probe



Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) and Muhammad Nami, the chairman of the Federal Inland Revenue Service (FIRS) have come under fire from the House of Representatives’ Ad Hoc Committee investigating the Petroleum Products Subsidy Regime from 2013 to 2022, for not appearing at their investigative hearing.

Emefiele and Nami sent representatives to the committee’s ongoing session in Abuja on Thursday, but the legislators rejected them as junior officials who wouldn’t be able to respond to their questions in detail.

The committee is looking into the Federal Government’s use of the Nigerian National Petroleum Corporation (NNPC) to provide subsidies for Premium Motor Spirit, or petrol.

A member of the committee, Mark Gbillah, lamented, that “N6.7tn, in less than a year, is being expended on subsidy. We would expect that the CBN governor would come here personally to address such an issue and the FIRS chairman as well. I guess they believe this issue is not important enough for them to be here.

“So, Mr Chairman, in my own opinion, I don’t think we should bother hearing any of the representatives of these two agencies that are here today. We would like the CBN governor and FIRS chairman to be here in person before this honourable committee of the House to address this critical issue.”

Read also: Emefiele-led CBN policies killing Nigeria’s economy, sack him now, Youth Council tells Buhari

Regarding Emefiele’s absence, the Deputy Director, Banking Services, CBN, Hussein Kagara, said, “If all the questions that you are going to ask are related to technical matters that concern subsidy payments, I will be able to provide answers here. But if they are outside the technical aspects of the subsidy transactions, then I will not be able to respond.”

Kagara added, “With respect to the issue of documents, the truth of the matter is that some of these documents are actually voluminous and we can’t print most of these documents. For example, in one of your requests, you asked us to produce all the accounts of NNPC that are domiciled with the CBN; NNPC has close to 200 accounts with CBN and they are voluminous.”

The Chairman of the committee, Ibrahim Aliyu, consequently disqualified the CBN governor’s representative.

Aliyu said, “There are areas that you cannot answer. You see, this is the fundamental reason why the senior members of the management are supposed to appear before the committee. We are left with no alternative than to follow the procedure of the House. Where you cannot provide hardcopies (of requested documents), provide soft copies.

“We will expect you on the 18th of August. The motion (is) passed. The FIRS chairman is to appear before this committee on 18th of August, 2022.”

Gabriel Ogunjemilusi, SSA to the FIRS chairman was also dismissed by the committee.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now