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."
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