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Why Emefiele won’t honour Reps invitation – CBN

Godwin Emefiele


The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said he will not appear before the House of Representatives on Thursday as requested.

The governor is expected to be represented by his Deputy, Financial System Stability, Aisha Ahmad.

Emefiele stated this in a letter to the House on Wednesday, through the Deputy Governor, Corporate Services, CBN, Edward Adamu.

He said he is ill and would not be appearing before the lawmakers in person.

This will be the second time Emefiele fail to appear before the House. Amidst protests and condemnation, the lawmakers rescheduled his appearance for Thursday, insisting on suspension of the cash withdrawal limits set by the apex bank.

The House had summoned Emefiele to explain the latest policy by the CBN which, among others, sets limits to cash withdrawals at the Deposit Money Banks and other financial institutions.

After Gbajabiamila read out Amadu’s letter to members in the middle of Wednesday’s plenary, the lawmakers resolved to accept Emefiele’s representation.

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