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BREAKING: Emefiele succumbs, appears before House of Reps over new naira notes

BizPoint by BizPoint
January 31, 2023
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The Central Bank Governor, Godwin Emefiele is before the ad-hoc committee of the house of representatives which is investigating the scarcity of the new naira notes.

BizPoint recalls that the house had last week formed the committee, which summoned the CBN Boss to appear before it and explain intricacies that greeted the new currency policy.

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READ ALSO: JUST IN: CBN extends deadline on old naira notes

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However, Emefiele, who was supposed to appear before the Committee last week, failed to do stating he was out of the country with President Muhammadu Buhari.

The House threatened to invoke the provisions of section 89(1)(d) of the Constitution by issuing a warrant of arrest today to compel him to appear.

The CBN Governor, who appeared with some of his assistants, went into a brief executive session with members of the committee.

Details later…

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