34.2 C
Nigeria
Saturday, January 28, 2023

JUST IN: Emefiele shuns House of Reps invitation over withdrawal limits again

The Central Bank of Nigeria (CBN) governor Godwin Emefiele has again failed to appear before the House of Representatives on Tuesday, December 20, 2022.

The lower chamber had summoned Emefiele to explain the apex bank’s policy which sets limits to cash withdrawals at the Deposit Money Banks and other financial institutions but he did not appear for the investigative session.

He was initially billed to appear before the House on December 15, but failed to show up, citing official engagement outside the country with the President.

IMPORTANT: You can now Click “HERE” to receive News updates directly on your WhatsApp!

However, the House directed the Clerk to the House to write another letter inviting him to brief the House on Tuesday on the cash withdrawal policy and the redesign of the naira.

At plenary on Tuesday, Speaker of the House, Femi Gbajabiamila, announced that the CBN had written to inform the House of the inability of Emiefele to honour the invitation because of his engagement outside the country

He, however, promised to contact the House immediately he returned to the country from his official assignment.

The House resolved to reinvite the CBN governor to appear to brief the House unfailingly by 10am on December 22, 2022.

The Speaker, however, ruled that if, for any reason, the CBN governor is still not back to the country, he should designate any of his deputies that is conversant with the issues to brief the House.

ATTENTION: Click “HERE” to receive News updates directly on your WhatsApp!

The Speaker said the CBN Governor owes the parliament the responsibility to brief them on the policies of the bank in accordance with the provisions of the CBN act.

Share a story with us on WhatsApp: 07041591544 intelregion.com@gmail.com

📡Our Social Media Channels:

BREAKING NEWS

- Advertisement -