Monday 2 September 2024

Cardoso: CBN mum over alleged purchase of N10bn worth bulletproof cars

 



The Central Bank of Nigeria has kept mum two days after a
report emerged that its Governor, Olayemi Cardoso and four deputy Governors
acquired six ultra-modern armored vehicles worth N10 billion despite the
hardship Nigerians are facing.



 



Recall that the Daily Nigerian on August 30, 2024, reported
that Cardoso and deputy governors, Mr. Philip Ikeazor, Emem Nnan Usoro, Bala
Bello, and Muhammad Sani Abdullahi purchased six armoured Lexus LX 600 2023.



 



The report said that Cardoso got two for himself while the
four deputies received one each.



 



The procurement comes despite the governors already having
SUVs at part of their convoy, the publication stated.



 





Similarly, the governors had been alleged to have jacked up
their housing allowances to over N1 billion.



 



However, two days after the report, the Spokesperson of CBN,
Sidi Hakama has yet to confirm nor dismiss the claims.



 



Also, CBN has yet to speak on the matter on its official X
handle, as well as  website.



The development comes nearly a year after Cardoso was
appointed by President Bola Ahmed Tinubu on September 15, 2023.



 



Since the appointment of Cardoso, the Monetary Policy
Committee has continued to tighten measures.



 



The latest was the increase of interest rate to 26.75
percent in July 2024.



 



This comes as the country’s inflation rate declined to 33.40
in July 2024 from 34.19 in June 2023.



 



However, despite the drop in inflation, the prices of goods
have remained significantly high as the Naira to Dollar exchange rate stood at
N1598.56 and N1645 in official and parallel foreign exchange markets on Friday.

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