Sanusi Lamido Sanusi, the Governor of the Central Bank of Nigeria, on Monday said that the donation made by the bank to bomb blast victims was within the confines of the law.
Mr. Sanusi said this at an investigative hearing on the expenditure of public fund by the CBN and the Asset Management Corporation of Nigeria (AMCON) without approval by the National Assembly.
The House of Representatives had mandated its Committee on Banking and Currency to investigate Lamido’s N100 million donations to bomb blast victims in Kano.
Mr. Sanusi said that the CBN had always intervened in the economic development of Nigeria.
“The legal basis for CBN intervention in certain sectors of the economy is contained in Section 31 of the CBN Act 2007,” he said.
The Speaker of the House of Representatives, Aminu Tambuwal, who was represented by Rep Samson Osagie, said the hearing was to ensure accountability and fiscal discipline among institutions.
Mr. Tambuwal added that the exercise was not to witch-hunt any individual or group of persons.
The CBN governor had been variously criticised for donating money to Kano bomb last victims leaving other victims out of the bank’s largesse.
Nicholas Okoh, the Primate of the Church of Nigeria Anglican Communion, also called on the National Assembly to invite Mr. Sanusi over the donation.