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Home Economy CBN Does not Use Private Chartered Flights- Spokesperson
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CBN Does not Use Private Chartered Flights- Spokesperson

By
Isaac Okorafor
-
April 9, 2016
CBN
CBN

CBN-1The Central Bank of Nigeria (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.

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.

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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.

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.

Isaac Okorafor,
Ag. Director, Corporate Communications,
Central Bank of Nigeria
Abuja

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Isaac Okorafor
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PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
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Military Eliminate Bandit in Plateau, Rescue Abducted VictimTroops Ambush Bandits in Plateau, Neutralise One, Rescue Kidnap VictimNew MPB Chairman AVM Abubakar Adamu Pledges to Prioritise Retirees’ WelfareDHQ, NIS Team Up to Revive Nigerian SportsA Different Kind of War on Drugs By As-Sayyidul Arafat AbdulrazaqMNJTF Receives 5 Swamp Buggies to Boost Security, Economic Recovery in Lake Chad RegionNAHCON Completes 2025 Hajj Return Operations LAKE CHAD: Major Victory as 210 Boko Haram Terrorists, Families Surrender to MNJTFIn Plateau, Security Forces Dislodge Militias, Reclaim Villages in BokkosGallant Troops Nab 25 Suspected Bandits, Kidnappers in BenueIran Must Never Possess Nuclear Weapons - G7 DeclarePolice to Destroy Unexploded Explosive Devices in YobeMilitary Receives 84 CNG-powered Vehicles to Enhance OperationsFCT Police Urges Influencers to Spotlight Heroism, Not Just Negativity on SecurityFor Aminu Dantata to Sleep Well… By Abdullahi O Haruna Haruspice
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