Search
Search
Journalism from the heart of crises
  1. Home
  2. West Africa
  3. Nigeria

Central Bank to be accountable to parliament

    KINSHASA
    Current military leader, General Abdulsalami Abubakar, yesterday announced that the Central Bank of Nigeria (CBN) would be made accountable to parliament under the country’s new constitution. In a speech read out by Chief of Naval Staff Vice Admiral Jibril Ayinla in Abuja, he said the CBN would be legally required to make periodic reports to parliament, AFP reported, quoting ‘This Day’ newspaper. He said it was hoped this arrangement would “not only insulate the bank from undue political interference, but also substantially enhance the performance of its statutory functions”.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Get the day’s top headlines in your inbox every morning

    Starting at just $5 a month, you can become a member of The New Humanitarian and receive our premium newsletter, DAWNS Digest.

    DAWNS Digest has been the trusted essential morning read for global aid and foreign policy professionals for more than 10 years.

    Government, media, global governance organisations, NGOs, academics, and more subscribe to DAWNS to receive the day’s top global headlines of news and analysis in their inboxes every weekday morning.

    It’s the perfect way to start your day.

    Become a member of The New Humanitarian today and you’ll automatically be subscribed to DAWNS Digest – free of charge.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join