House Summons CBN Governor, Olayemi Cardoso Over REMITA Leakages

House has summoned CBN Governor, Olayemi Cardoso over REMITA leakages.


NaijaOnPoint Nigeria reports that the House of Representatives Committee on Public Accounts (PAC) has invited the Central Bank Governor Olayemi Cardoso to appear before it on Tuesday, March 5 unfailingly over issues with leakages on the REMITA platform.

This Nigeria news platform understands that the Committee’s Chairman, Hon. Bamidele Salam, conveyed the invite in a letter to the CBN Governor titled RE: INVESTIGATION OF REVENUE LEAKAGES THROUGH REMITA PLATFORM AND NON-COMPLIANCE SUBSTANTIVELY WITH STANDARD OPERATING PROCEDURE AND OTHER ALLIED SERVICE LEVEL AGREEMENT 2023 (HR.373/11/2023).



The PAC Chairman stated that the CBN Governor’s failure to appear before the Committee and address the issues has significantly hindered the investigative process on revenue leakages through the REMITA platform.

According to him: “You are strongly advised to take advantage of this invitation and appear before the Committee on Tuesday, March 5, 2024, at 10:00 am in Meeting Room 446, House of Representatives’ New Building, to respond to the issues that will arise during the hearing session.


“You are also advised to bring along all relevant officers familiar with the issues at stake who may assist you in providing answers to any questions that could arise during the session.”

“Please refer to your representation before the Public Accounts Committee on Tuesday, February 27, 2024, by an Assistant Director without a written letter to that effect. Be advised that the Committee does not allow representation; all Chief Accounting Officers are to appear in person to defend their office.


“You will also recall that the Committee has sent several correspondences to your office on the same subject with Ref. Nos: HR/PAC/SCO5/10NASS/HR.373/11/2023/1/2, dated December 8, 2023; HR/PAC/SCO5/10NASS/HR.373/11/2023/1/31, dated January 19, 2024; HR/PAC/SCO5/10NASS/HR.373/11/2023/1/60, dated January 25, 2024, and HR/PAC/SCO5/10NASS/HR.373/11/2023/2/84, dated February 19, 2024. We observed your absolute disregard for its Constitutional mandate. Please find copies of the letters attached.

“Your failure to appear before the Committee and respond to the issues has significantly stalled this Committee’s investigative process on revenue leakages through the REMITA platform.


“Consequently, the Committee wishes to draw your attention to previous letters on various subject matters, to which you are yet to respond. Please find references below:


“HR/PAC/SCO5/10NASS/QUE.2/29 dated January 23, 2024; HR/PAC/SCO5/10NASS/FA/1 dated January 23, 2024; HR/PAC/SCO5/10NASS/SE.3/34 dated January 30, 2024, and HR/PAC/SCO5/10NASS/SE.3/35 dated February 22, 2024. Please also find copies of the letters attached.

“The Committee frowns at this and wishes to remind you of the relevant constitutional provisions in Sections 62 and 89(1) (a, b, c & d) & (2) of the 1999 Constitution of the Federal Republic of Nigeria (as amended). The Public Accounts Committee has the power to summon any person in Nigeria to give evidence, produce any document in his possession and under his control.


“It may also interest you to note that under Sections 89 (1) (d), the Committee has the power to issue a warrant to compel the attendance of any person who, after being summoned, fails, refuses, or neglects to do so.


“Failure to comply with this civil invitation may leave the Committee with no choice but to issue a warrant of arrest against you in line with Legislative Houses (Powers & Privileges Act 2017) (Sections 2 & 3) and the 1999 CFRN (as amended) in line with House Procedures.

“Consequently, the Committee resolved to grant you one last opportunity to appear.”