President Goodluck Jonathan
President Goodluck Jonathan has queried the
Governor of the Central Bank of Nigeria, Mallam Lamido Sanusi, over some items
in the apex’s bank’s 2012 audit report.
A confirmation of the query was made by the
Special Adviser to the President on Media and Publicity, Dr. Reuben Abati, when
he was contacted by one of our correspondents for a reaction to a publication
(not by The PUNCH) on Tuesday over the report.
Although Abati was not specific in his response,
he said he was aware that “some issues” came up and the CBN governor was asked
to offer further explanations on them.
Abati, who added that the CBN governor had since
made clarifications, did not say whether the President was satisfied with them
or not.
“What I know is that some issues came up and he
(the CBN governor) was asked to explain and he has since done so,” he said on
the telephone.
An online news medium,
PointblankNews.com, had in the said publication claimed that Sanusi
was queried by Jonathan over some alleged infractions discovered in the bank’s
2012 audited account.
According to the publication, the query covered
22 issues bordering on infractions in the bank.
It also alleged that the CBN governor made some
financial donations under the special access item in the CBN account.
The report by the news portal said that the query
was sent to the CBN governor on May 6, while a response was expected back on May
8.
The CBN governor was, however, reported by the
portal to have submitted his reply to the President on May 21.
Other issues raised in the query, according to
the online publication, include the write-off of about N3.5bn CBN staff housing
loan.
It also touched other issues such as refusal of
the apex bank to consolidate its accounts, the trillion naira debt owed by the
Asset Management Company, and the non-disclosure of the total liabilities
through the bond floated by the company.
Sanusi was also asked to explain the
discrepancies noted in the 2012 account regarding the Nigerian Security Printing
and Minting Company, a subsidiary of the CBN.
The CBN reacted swiftly, saying the publication
was the handiwork of mischief makers as it did not reflect the reality on the
ground.
In a telephone interview with one of our
correspondents in Abuja, the Director, Corporate Communications Department of
the CBN, Mr Ugochukwu Okoroafor, said that contrary to the report, the bank’s
account was not queried by the President.
He added that the CBN was the only institution
among the Ministries, Departments and Agencies of government that was recently
given an award by the National Assembly Committee on Finance for presenting its
account in a transparent manner.
For instance, he said the committee specifically
singled out the bank for contributing over 75 per cent of MDA’s remittances to
government coffers.
He said, “I have read that report and those
things written there are not true. I am not aware that the President queried the
CBN governor over that report. I am not aware of that.
“The 2012 report has been out for some time now
and I can say that the CBN is the only institution that in its accounts has
always come out without any problem.
“In fact, even the finance committee commended
us. We are the only institution that has shown consistency in terms of
bringing out our reports on time and in terms of remittances.
“We have never failed in the history of the CBN.
The finance committee gave us an award and this was celebrated.
“They gave us with the Nigerian Television
Authority and they said we made over 75 per cent of the contributions by
MDAs to their surplus and this happened just a few months ago.
“So the people are just being mischievious and we
won’t succumb to any blackmail.”
Sanusi had last week while responding to
questions on the controversy surrounding the approval of the CBN’s financial
statement by the Financial Reporting Council, said the board of the bank, and
not the FRC, approved the report .
He had said, “On our accounts, the FRC does not
approve our accounts. The board of the Central Bank had approved our
accounts.
“The FRC is there to set accounting standards and
to make sure they are improved on to meet international best practices.
“We published accounts and the FRC has comments
on those accounts; they will take those comments and we will take on board
whatever because they are the regulator as far as preparing financial statements
is concerned and just like banks respect our own regulatory arena, we respect
the FRC in its own regulatory arena.
“So there is no question at all about the
non-approval, and I am not even aware of any issues that have been raised and I
will like to put an end to all of that speculation.
“There is nothing like the FRC not approving our
account. There is nothing like a query on our account.”
Punch
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