Lawmakers Commend CBN Intervention Projects


The House of Representatives Committee on Banking and Currency has commended the Central Bank of Nigeria (CBN) intervention projects in the educational sector.

The lawmakers also affirmed that the projects would add value to Nigeria’s economic development aspirations.

The Committee’s commendation came at the end of its oversight visit to the Bank’s project locations in Lagos State, according to a statement.

The intervention project sites visited by the Committee included the three blocks of two and three-storey hostel buildings and an adjourning 500-seater auditorium at the Administrative Staff College of Nigeria (ASCON), Topo,. Badagry and the multi-complex faculty, hotel and auditorium facilities at the University of Lagos Centre of Excellence.

The facilities are part of the CBN’s commitment to building capacity for the nation’s banking industry.
The Chairman of the Committee, Hon. Jones Onyereri, however warned the contractors to stick to the specifications and timelines of the projects as contained in their contracts as the Committee would not accept any deviation from the contractual agreements nor agree to any variation to the contract sums.

The oversight visit was in furtherance of the Committee’s constitutional responsibility and legislative mandate of supervising agencies of government under its purview.