CBN explains N100m donation to Kano bomb victims

The Central Bank of Nigeria on Tuesday explained why it donated N100m to victims of Boko Haram bomb blasts in Kano, saying the move was within the purview of its Corporate Social Responsibility.  The explanation was in reaction to criticisms that had followed the donation since Friday when the apex bank boss, Mr. Lamido Sanusi, gave out the amount. Civil society groups had on Sunday slammed the CBN governor, wondering why he did not make similar donations to bomb blast victims in Borno, Yobe, Plateau and Adamawa states.While some of them urged the National Assembly to invite the governor for questioning, others argued that the donation contravened the provisions of the CBN Act.

But reacting to the criticisms, a board member of the CBN, Prof. Sam Olofin, said the donation was in line with the apex bank’s mandate. He said the donation was not made because Sanusi was from Kano State, adding that the huge damage caused by the bomb blasts prompted the apex bank to make the donation.

http://www.punchng.com/business/business-economy/cbn-explains-n100m-donation-to-kano-bomb-victims/

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