Business
CBN Governor, Deputies Acquire N10 Billion Bulletproof SUVs, Increase Allowances
According to Daily Nigerian, the CBN officials have been spending extravagantly, including acquiring ultra-modern armored vehicles and raising their allowances, even while many Nigerians endure hunger and economic difficulties.
Reports indicate that Governor Cardoso recently acquired six armored Lexus LX 600 2023 models for himself and the four deputy governors—Emem Usoro, Philip Ikeazor, Bala Bello, and Sani Abdullahi—at a total cost exceeding N10 billion.
Cardoso received two SUVs for his personal use in Lagos and Abuja, while each of the other four deputies received one.
Additionally, sources reveal that these officials already possessed armored vehicles in their convoys prior to this new acquisition.
It is also reported that about 20 Toyota Camry cars, each costing around N85 million, were bought for CBN management and board members.
Furthermore, reports claim that the CBN governor and his deputies have significantly raised their annual housing allowances to approximately N1 billion, despite living in official residences in Maitama, Abuja.
Moreover, they have allegedly upgraded their international travel privileges from business class to first class, with the cost of a first-class ticket from Abuja to New York currently around $15,000.
Their foreign travel allowances have also reportedly increased, with each official receiving $7,000 per night during international trips.
-
Gist6 days ago
Couple Tragically Dies in Inverter Battery Explosion in Abakaliki, Leaving Behind 3-Year-Old Son
-
Niger Delta4 days ago
IYC: 12 Killed, Over 50 Injured as Violence Erupts Over Eastern Zone Election
-
Politics5 days ago
Breaking: APC candidacy threatened as Abuja Court summons Okpebholo for making false statements on oath
-
Entertainment6 days ago
‘I’m not looking for a rich man, all I need is a man who will love me, true love isn’t just about money as Nigerian ladies think’ – Tems
-
News7 days ago
Olukoyede Vows to Sanitise the Banking Sector
-
National3 days ago
NAFDAC Press Statement Against Christ Mercy Land Deliverance Ministry Incorrect
-
News7 days ago
Kogi Mourns The Passing Of Mr. Yunus Ustaz Usman SAN
-
Crime7 days ago
Court Jails Internet Fraudster in Enugu