News
CBN writes House of Reps on Emefiele’s illness, to send deputy governor for meeting
The Central Bank of Nigeria (CBN) on Wednesday informed the House of Representatives that its governor, Godwin Emefiele, would not appear before the lawmakers on Thursday.
The lower legislative chamber had invited the CBN governor to defend the proposed withdrawal limits which had elicited mixed reactions in the country.
. The lawmakers had on two occasions summoned Emefiele to explain the policy which pegged the daily withdrawals for individuals to N100,000 and N500,000 for businesses.
However, the CBN governor didn’t honour the invitations, informing the lawmakers that he was on President Muhammadu Buhari’s delegation on a recent trip abroad.
Irked by Emefiele’s decision to snub the previous invitations, the lawmakers on Tuesday ordered the CBN governor to appear at the National Assembly complex on Thursday or send another person to represent him at the meeting.
Read also:CBN reveals security features of new naira notes as fakes circulates
In a letter sent to the House on Wednesday, the CBN’s Deputy Governor in charge of Corporate Services, Edward Adamu, said Emefiele was unwell and would be represented at the meeting by the Deputy Governor, Financial System Stability, Aisha Ahmad.
Ahmad was recently reappointed into the apex bank.
After the Speaker of the House, Femi Gbajabiamila, read the letter at the plenary, the lawmakers agreed to meet Ahmad on Thursday.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...