CBN fails to publish annual financial statements since 2022

The Central Bank of Nigeria, CBN, has yet to people its yearly fiscal statements since 2022, contempt statutory provisions requiring the apex slope to merchandise its audited accounts annually.

A cheque by DAILY POST connected the CBN’s authoritative website connected Thursday showed that the past publically disposable yearly study and fiscal statements were for the 2022 fiscal year.

DAILY POST reports that Section 50 of the Central Bank of Nigeria, CBN, Act makes it mandatory for the apex slope to prepare, taxable and people its yearly fiscal statements.

Specifically, Section 50(1) requires the CBN to transmit a transcript of its yearly accounts, duly certified by an outer auditor, to some the President and the National Assembly wrong 2 months aft the extremity of each fiscal year.

Section 50(2) provides that the yearly study submitted to the President and the National Assembly indispensable beryllium published successful a mode directed by the CBN Governor, portion Section 50(3) mandates the CBN Board to guarantee that the yearly accounts are published successful the Federal Government Gazette “as soon arsenic possible”.

Despite the clarity of these ineligible provisions,...