Home Business & Economy CBN says Emefiele, other principal officers didn’t flew private chartered

CBN says Emefiele, other principal officers didn’t flew private chartered

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The Central Bank of Nigeria (CBN) has debunked the report that it’s Governor, Godwin Emefiele, his immediate family, and other principal officers of the bank flew a private chartered flight for the burial of Mr. Emefiele’s mother.
According to a statement from the regulatory authority, signed by the CBN’s Ag. Director, Corporate Communications, Mr. Isaac Okorafor, CBN has, for several years in the past, used private and official chartered flights in making urgent travels to meet needs in remote, not-easily- accessible locations or in cases where timing might be critical to matters of urgent national importance.
CBN said, this practice was in place long before the assumption of office of the current Governor, Mr. Godwin Emefiele. “In fact it is on record that the past two CBN Governors actively used chartered private jet services to meet urgent national assignments.
“Indeed, in recognition of this critical need in its smooth operations, the CBN had in the 1990s acquired a dedicated jet for this purpose and for urgent currency movement. This was however taken over by the military administration when there was a more urgent need for it at the State House.
“Thereafter, the CBN occasionally used the chartered services of private operators and those of the Presidential Fleet when available, both of which were paid for.
“However in 2015, in response to the economic downturn and the cost-cutting stance of Government, Mr. Emefiele ordered the stoppage of the use of chartered flights by the bank. Since then, neither Mr. Emefiele nor any of the Deputy Governors has used the services of private chartered flights and the CBN has not paid a kobo for private jet services.
The statement further noted that Mr. Emefiele and indeed other principal officers of the CBN have religiously maintained the modest disposition of using regular flights, including doing several trips by road to and from different parts of the country.
“It is also important to note here that no private jet was used by Mr. Emefiele, his immediate family, or indeed other principal officers of the Bank during the burial of Mr. Emefiele’s mother.
“For the avoidance of any doubt, it should be noted that Mr. Emefiele and his family flew a commercial Arik flight from lagos to Benin for their Mother’s Burial. All accounts still point to the fact that the Emefiele’s mother’s burial was a model in cost-cutting and an uncommon demonstration of his modest, “made in Nigeria” philosophy,” CBN said.

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