News Column

Remittances - House Gives CBN Kudos

February 25, 2014

Muhammad Bello

The House of Representative Committee on Finance Tuesday gave kudos to the Central Bank of Nigeria (CBN) for spectacular performance in terms of timely remittances to the Federation Account.

Chairman, Finance Committee, Dr. Abdul Mumin Jibril, who applauded the bank noted that its track record of achievements over the years, in terms of remittances to the Federation Account has been consistent.

According to him, "the National Assembly will continue to commend the Central Bank of Nigeria for the fiscal discipline, which it has been demonstrating and for the good work it has been doing for this country" . Also speaking, the Deputy Governor in charge of Corporate Services, Alhaji Suleiman Barau, noted that the Bank had been able to increase its remittances to Federation Account from about N64.122 billion in 2011 to well over N80.0 billion in 2012.

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Source: AllAfrica

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