An economist, Kelvin Emmanuel has asked the Central Bank of Nigeria under its Governor, Olayemi Cardoso to release its financial statement for 2023. Emmanual made this demand through his official X handle on Wednesday.
According to him, the call became necessary in line with the CBN Act 2007 which requires the apex bank to transit to the National Assembly and the President a copy of its annual accounts certified by the auditor. The analyst noted that the accounts must be made public to see the improvement on its balance sheet, especially as it regards the difference between the gross and net external reserves — FX swaps and forwards with external asset managers.
'This is to remind us that @cenbank is yet to comply with the CBN Act on publishing its annual accounts for the 2023/2024 financial year. 'Sections 50 of the CBN Act: “The bank shall within 2 months of the close of each financial year, transit to the National Assembly and the President a copy of its annual accounts certified by the auditor.
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