Oba of Benin tasks Cardoso to curb Corruption in CBN

Omo N’ Oba N’ Edo, Uku Akpolokpolo, Ewuare II has tasked the Central Bank of Nigeria (CBN) Governor, Dr. Olayemi Cardoso, to checkmate corruption in the nation’s apex Bank and lay out a path for economic growth.

The traditional ruler gave the advice, weekend, when the Benin Branch Controller of CBN, Mr. Michael Mgbeze, led his management team on a courtesy visit to Oba Palace in Benin City, Edo state.

Oba Ewuare lamented what he described as the unpleasant revelations of money taking away from CBN and missing funds under the past leadership of the Bank.

He also admonished the new CBN Governor to come up with monetary policies that will be beneficial to the economy and Nigerians.

According to him, “What we have been hearing about CBN has not been encouraging as it concerns money loss. Money taken away from CBN, the investigations and so on and so forth”.

“The apex Bank has been through a lot financial crisis especially during the general elections. We all know the story.”

The monarch however, prayed to God and his ancestors for stability in the monetary policies in the apex Bank and reforms in the Banking Sector.

Earlier, the Benin Branch Controller of CBN, Mr Mgbeze disclosed that the Apex bank management team is working on a realignment of the monetary and fiscal policies towards resolving the problems in the Banking sector.

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