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NECA, experts demand independent CBN audit : N500b

Financial and economic experts have demanded an independent audit of the Central Bank of Nigeria following the alleged missing of N500bn.

The Director-General, Nigeria Employers’ Consultative Association, Mr Timothy Olawale, said despite the denial of the CBN that no N500bn was missing, there was still a need for due diligence to be followed, in unravelling the controversy surrounding it.

The Director asked anti-graft agencies relevant government security to look into the allegation to allay the fears of Nigerians on the alleged missing money.

He further said, Despite the denial of the CBN, there is still a need for due diligence to be followed in unravelling the controversy surrounding the alleged missing of N500bn. This is necessary in order to allay the fears of Nigerians on the issue.

The Registrar, Institute of Finance and Control of Nigeria, Mr Godwin Eohoi, said while the apex bank boss had done a lot to stimulate the economy through various intervention programmes, there was a need for an independent audit of activities under his leadership.

He noted that this would help to ensure that proper books of account were kept under the apex bank boss.

He also advised that the government should set up an audit panel to check what actually transpired at the CBN. The volume of money involved is huge and should not be swept under the carpet.

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