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Mark tackles Sanusi, says CBN takes 50% of national overhead budget
President of the Senate, Mr David Mark, on Monday, dismissed the Governor of Central Bank (CBN) Mallam Lamido Sanusi’s claim that the National Assembly was consuming 25 per cent of the total annual national overhead budget, saying it was the CBN that was gulping the largest national overhead cost of 50 per cent.
Mark said going by Mallam Sanusi’s own arithmetic, the CBN was consuming N300 billion, representing 50 per cent, which amounted to double of what the CBN governor alleged that the National Assembly was spending.
According to him, Sanusi was wrong when he claimed that 25 per cent of the total Federal Government’s overhead budget was being used to maintain the National Assembly every year, pointing out that if N150 billion overheads to the National Assembly translated into 25 per cent, it meant that the N300 billion overheads to the CBN amounted to 50 per cent of the national budget.
The Senate President spoke with journalists in Benin City, the Edo State capital, shortly after paying a condolence visit to Governor Adams Oshiomhole of Edo State, over the death of his wife, Clara.
Mrs. Oshiomhole died of breast cancer last Tuesday in Abuja.
Mark expressed displeasure over what he described as the twisting of facts and figures by the CBN governor with a view to mis-informing Nigerians about the take home pay of the members of the National Assembly.
“It is not correct Nigerians should get their facts right because the Central Bank governor said our overhead, which is N150 billion, equates to 25 per cent. The Central Bank itself has got an overhead of N300 billion.”
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More Headlines
- ‘ Cases of rape rise to 84% in Nigeria’
- Dana air crash update: 23 aircrash victims’ families yet to receive compensation
- Mimiko inaugurates new Mother & Child hospital today
- N4.56b pension scam: Female accused hospitalised,trial stalled
- Construction workers hail FG’s decision on Lagos-Ibadan expressway
- Senate adjourns plenary for 1 week, dissolves to Appropriation committee.
- Blackout looms as Egbin power plant breaks down
- FMBN, NEXIM, BOA, IB lose N47bn in 6 months - CBN
- FirstBank wins Nigerian Bank of the Year award
- PDP tackles ACN over Tukur’s comments
- Electricity workers threaten strike over Wamakko
- ‘NDIC prosecuted 55 directors, staff of micro finance banks in 2011’
- Judgment in Oni’s appeal stalled, re-fixed for Jan 8
- Slain banker: Deceased had only 3 wounds -Accused’s father
- Appointments: S/West not marginalised —FCC


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