JUST IN: Once Again, CBN Governor Shuns Reps Over Redesigned Notes

2023 Presidency: Why I won’t resign now, Emefiele tells court

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

Emefiele was scheduled to appear before the House’s Adhoc Committee on Thursday at 1 p.m. to discuss the situation.

The lawmakers, however, waited in vain for the CBN Governor in meeting room 301, led by committee chairman Hon. Alhassan Ado-Doguwa.

Ado-Doguwa, enraged, claimed that the CBN had reported Emefiele’s trip 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.

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