HomePoliticsNEWSHouse Of Reps Threaten To Arrest CBN Governor, Godwin Emefiele

House Of Reps Threaten To Arrest CBN Governor, Godwin Emefiele

The Speaker of the House of Representatives, Femi Gbajabiamila, has threatened to issue a warrant of arrest on the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and some bank directors over their collective refusal to honor an invitation by the green chamber over the scarcity of three newly designed naira notes.

The House had summoned the CBN governor and bank directors over the January 31, 2023 deadline for the validity of old N200, N500, and N1,000 notes, but the bank chiefs refused to heed the invitation by the green chamber.

In a statement on Thursday, Gbajabiamila said the bank chiefs, by shunning the invitation of the House, insulted the authority and prerogatives of the people’s parliament. “This is unacceptable,” he said.

Although the Speaker, in his statement on Thursday, said the warrant to be issued would be against the CBN and bank directors but did not expressly mention Emefiele, the House had at different times in the last two months summoned the CBN governor over the naira redesign but the invitation was not honored.

The House had invited Emefiele and the bank directors to give reasons for the ongoing failure to adequately disburse the redesigned naira notes before the expiration of the January 31, 2023.

The House further constituted an ad-hoc committee led by the Majority Leader of the House, Alhassan Ado Doguwa over the matter.


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Mary Ama
Mary Ama
A passionate writer with the sauce. I do that to get you entertained without a 404 page.

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