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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

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