CBN governor says he has been summoned too often to the National Assembly, he has considered getting an office there.
The Central Bank Governor, Lamido Sanusi, said he believes he has been Nigeria’s most summoned head of the regulatory bank.
Mr. Sanusi, who has courted controversies with many of his policies, and has barely emerged from the currency restructuring fiasco, told a House of Representatives joint committee on Wednesday that he has considered holding an official annex at the National Assembly.
“I don’t think there has been any CBN Governor that has been brought here (the National Assembly) as much as me,” the CBN boss told the committees on Finance, Legislative Budget and Research, National Planning and Aids, Loans and Debt Management.
“I have even offered to be moved, or open my annex office here. Nobody asks me how my itineraries are before inviting me,” Mr. Sanusi said.
The remarks came after the Chairman of the House Committee on Legislative Budget and Research, Opeyemi Bamidele, questioned Mr. Sanusi on his habitual refusal to respond to invitations from either of the arms of the National Assembly.
The meeting reviewed the federal government’s medium term expenditure framework awaiting the national assembly’s approval. An earlier schedule was deferred after Mr. Sanusi’s refusal to attend.
Mr. Sanusi opposed suggestions by members of the committee for an upward review of the proposed crude oil benchmark of 75 dollar a barrel in 2013.
He said it would be better to explore alternatives of raising oil production instead, since an increase of the benchmark would not amount to increase in revenue for the government.
On his relationship with the National Assembly, Mr. Sanusi denied having any rift with the lawmakers, saying all that is needed between them was “mutual respect.”
The CBN chief has maintained a testy relationship with the lawmakers for years, turning down their invitations at will but has hardly drawn a serious rebuke from the lawmakers.
Often, fuming legislators would make a turnaround when Mr. Sanusi eventually makes an appearance, and would not pose to him daunting questions on the subjects they were initially roiled at.
Mr. Sanusi, lately, has raised concerns about many of his policies being misunderstood and providing the basis of him being erroneously reputed as the CBN’s most notorious head.