The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, appeared before the House of Representatives Adhoc Committee on new naira redesign and naira swap policy.
The House of Reps had threatened to issue a warrant of arrest on Emefiele over his failure to appear before the green chamber on the scarcity of the redesigned naira notes.
It would be recalled that the committee, on Sunday, rejected the ten days extension of the deadline for the exchange of the old currency by the CBN.
The apex bank had extended the deadline for the collection of old 200, 500, and 1,000 naira notes to February 10, 2023, noting that President Muhammadu Buhari approved the extension.
READ ALSO: New naira notes: Reps threaten Emefiele with arrest
Reacting to the development, the House of Reps Adhoc Committee, chaired by the leader of the House, Hon. Alhassan Ado Doguwa, rejected the extension, stressing that the apex bank must comply with sections 20 sub 3, 4, and 5 of the CBN act.
Describing the extension as a mere political gimmick to further deceive Nigerians and worsen the economy and social livelihood, Doguwa said Emefiele must appear before the green chamber or stand the risk of being arrested on the strength of legislative writs signed by the Speaker of the House, Femi Gbajabiamila.
Details later…
The Nigeria Customs Service, Ogun I Area Command, Idiroko, has confirmed that one suspected smuggler…
A court has ordered the release of Adrian Conejo Arias and his five-year-old son, Liam…
Bitcoin was down by 6.53% at $78,719.63 on Saturday, January 31, 2026, continuing its decline…
The Kano State Fire Service has recovered the body of a three-year-old boy, Abdura’uf Badamasi,…
The Presidency has said President Bola Tinubu set an ambitious target to grow Nigeria’s economy…
The New Nigeria Peoples Party has dismissed claims that its National Leader, Rabiu Musa Kwankwaso,…
This website uses cookies.