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…
Oyo State Governor Seyi Makinde has appointed Akinwale Akinwole, popularly known as Wolekanle, as his…
The Federal Government has withdrawn the eight-count criminal charge against Adeniyi Adeyemi, the alleged fake…
Former Chief of Army Staff, Lt. Gen. Tukur Buratai (retd.), has said the $1bn approved…
Bandits killed no fewer than 20 people following an attack on traders travelling to a…
Eni’s subsidiary, Nigerian Agip Exploration Limited (NAE), on behalf of the Nigerian National Petroleum Company…
Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, has sworn in 68 legal practitioners as Senior…
This website uses cookies.