Seriki Adinoyi in Jos Conference of Autochthonous Ethnic Communities Development Association (CONECDA) has called out the leadership of the Central Bank of Nigeria (CBN) over its silence in face of grave allegations of misappropriation, urging the bank to address Nigerians and clear itself of the allegations. Addressing a press conference in Jos, Plateau State, North Central Coordinator of CONECDA, Comrade Paul Joshua Dekete, said that the decision by the top leadership of the apex bank to remain silent in the face of allegations of gross misconduct, extravagant spending, and abuse of power is to say the least, extremely troubling. He said: “It is a known fact that Nigeria currently grapples with a worsening economic crisis marked by the soaring inflation and a depreciating naira, and the CBN is facing a scandal that has only heightened public anxiety.

“The controversy on extravagant spending amid economic hardship centres on the CBN Governor, Olayemi Michael Cardoso and his four Deputy Governors. Philip Ikeazor, Emem Nnan Usoro, Bala Bello, and Muhammad Sani Abdullahi, who have been accused of authorising the purchase of six armoured Lexus LX 600 vehicles worth a staggering N10 billion. “The shocking aspect of this expenditure is not just the amount but the fact that the CBN already had similar armoured vehicles in its fleet, used by the previous administration.

The public is wondering the reason such an extravagant purchase was necessary when the bank already had thes.