Report shows FG recorded N307.49bn revenue shortfall in four months The Informant247

Emefiele fails to honour reps invitation over redesign notes

Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) has shunned the invitation by the House of Representatives over the apex bank’s decision on January 31 deadline for the phasing out of the old naira notes.

The Informant247 gathered that the apex bank governor was expected to appear before the Adhoc Committee set up by the House to look into the matter by 1pm on Thursday, but failed to do so as the lawmakers led by committee chairman, Hon. Alhassan Ado-Doguwa waited in vain for the CBN Governor in meeting room 301.

The outraged Ado-Doguwa said the CBN had written that Emefiele was out of the country with President Muhammadu Buhari, saying the bank lied because President Buhari was in Katsina State.

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 added that 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 Informant247 earlier reported The House during plenary presided over by Speaker Femi Gbajabiamila had threatened to issue a warrant of arrest to Emefiele, if he failed to turn up for the meeting to engage over the issue.

Doguwa said there was “a dark horse behind this agenda.”

Meanwhile, the committee was meeting with the Chief Executive Officers of commercial banks over the same issue at the time of filing this report, saying the engagement was to guide the House to take necessary decisions for the well-being of Nigerians.

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