Emefiele finally appears before House of Reps over naira redesign

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has finally made his appearance before the House of Representatives after several invitations.

Emefiele is currently before the House ad-hoc committee on the currency redesign and the naira swap policy, which is chaired by the majority leader, Alhassan Ado-Doguwa.

READ ALSO: How not to redesign the naira, by Hassan Gimba

According to reports, The CBN Governor is making the appearance in the company of some top officials of the apex bank, including Kingsley Obiora, deputy governor, of the economic policy directorate.

Emefiele had ignored previous invitations from the lawmakers, an action that did not go down well with most of them.

The Speaker of the House of Representatives, Femi Gbajabiamila had a few days ago, intended to issue an arrest warrant on the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and some bank directors if they collectively refuse to honour the invitation of the green chamber over the scarcity of 3 newly redesigned naira notes.

Gbajabiamila said the lawmakers would reconvene on Tuesday to take action against Emefiele and other bank chiefs who fails to show up instead of the House adjourning plenary till February 28 for the elections as planned.

The Speaker noted that the action exhibited by the bank chiefs, of insulting the authority and prerogatives of the people’s parliament by shunning the invitation of the House is unacceptable.

Details later……..

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