House of Rep gives Godwin Emefiele 2 days to appear over cash withdrawal policy

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The House of Representatives has given the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, another two-day ultimatum to come and explain the new policy of cash withdrawal limit.

According to NAN, the house issued the ultimatum on Tuesday in Abuja after reading a letter from Emefiele explaining why he could not appear in plenary.

Emefiele stated in his letter to the house that he was regrettably unavailable due to other official engagements.



House Resolution: Femi Gbajabiamila said the House should resolve to invite the CBN Governor, to brief on the cash withdrawal limit on Dec 22nd, or invite his deputy to do that in his stead. 

  • “The earlier date is today, at 10 a.m. And just yesterday, the clerk received a letter where it was stated that the Governor was regrettably unavailable because he has other official engagements,” he said. 
  • The speaker pointed out that said it is important for the house to get a proper briefing based on the law. 
  • Ndudi Elumelu, however, stated that if the CBN governor fails to show up before the House on Thursday, Dec 22nd, when the lawmakers have scheduled to go on Christmas and New Year break, their resolution on suspension of the policy still stands. 



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