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Thursday, 26 January 2023 17:03

Again, CBN Gov Shuns Reps Over Redesigned Notes

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), declined the House of Representatives’ invitation in protest over the bank’s decision to uphold the January 31 deadline for the phase-out of the old naira notes.

By 1 p.m. on Thursday, Emefiele was supposed to appear before the Adhoc Committee the House had formed to look into the situation.

However, the lawmakers waited in vain for the CBN Governor in meeting room 301 under the leadership of the committee chairman, Hon. Alhassan Ado-Doguwa.

Ado-Doguwa, who was furious, claimed that the CBN had reported that Emefiele was traveling abroad with President Buhari.

He said there was no other issue more important to the CBN at the moment than its new cashless policy, which threatens the well-being of Nigerians.

He said the Committee was going to recommend to the House to go ahead with its position to invoke relevant sections of the law to issue a warrant of arrest on Emefiele.

The House during plenary presided over by Speaker Femi Gbajabiamila threatened to issue a warrant of arrest if he failed to turn up for the meeting to engage over the issue.

Doguwa said there was “a dark horse behind this agenda.”

At the moment of filing this report, the committee was meeting with the Chief Executive Officers of commercial banks over the same issue.

He said the engagement was to guide the House to take necessary decisions for the well-being of Nigerians.

Details Shortly…

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