The most widely read newspaper in Nigeria
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has finally appeared before the House of Representatives which summoned him over the crisis caused by the redesign of some naira notes and the exchange of old naira notes with new ones by the populace.
Speaker of the House, Femi Gbajabiamila, was to issue a warrant for Emefiele’s arrest over his repeated failures to answer at least four summons from the House. Gbajabiamila had threatened to mandate the Inspector-General of Police, Usman Baba, to arrest and force his appearance before the panel, insisting that the deadline breached the provision of Section 20 of the CBN Act.
“We also know the President to be a man of the people. He gave his approval based on what he had been told. But we are saying – what the motion is saying – is that after the President gave his approval, how does the money get to the people? The money is not getting to the people. That is what we sought to clarify and that is exactly what we are going to do.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING: Finally, Emefiele appears before reps over naira redesign policy | TheCableGodwin Emefiele, governor of the Central Bank of Nigeria (CBN), is currently before the house of representatives ad hoc committee on the currency redesign and naira swap policy. The CBN
Read more »
Emefiele: We've collected N1.9trn old naira notes so far -- N500bn more to go | TheCableGodwin Emefiele, governor of the Central Bank of Nigeria (CBN), says N1.7 trillion worth of naira notes have been returned to banks so far — with N500 billion more to
Read more »
Why Buhari approved old naira deadline extension — EmefieleThe President, Major General Muhammadu Buhari (retd.), on Sunday, in Daura, approved the Central Bank of Nigeria's request to extend the deadline for swapping of old naira notes with the redesigned notes from January 31, 2023, to February 10 2023.
Read more »
VIDEO: We've collected N1.9trn old naira notes so far - EmefieleMr Emefiele spoke in Daura, Katsina State, after a meeting with the president who is in his home state for official duties.
Read more »
Naira swap: House committee rejects extension, threatens Emefiele's arrestThe House of Representatives Ad hoc Committee on new naira re-design and naira swap policy has added a new twist to the controversy surrounding the deadline for the validity of old notes by rejecting the ten days extension granted by the Central Bank of Nigeria for the exchange.
Read more »
APC commends Emefiele's extension of naira swap deadlineThe Presidential Campaign Council, PCC, of the All Progressives Congress, APC, has commended Godwin Emefiele, the Governor of the Central Bank of Nigeria,
Read more »