The Senate Thursday summoned the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, over the continuous depreciation of the naira.
The upper chamber said that Emefiele should appear before it by 11:00 a.m. on Tuesday January 19, 2016 to explain the continuous weakening of Naira against the Dollar.
The invitation followed a Point of Order raised by the Senate Leader, Senator Mohammed Ali Ndume, over the matter.
Senate President, Abubakar Bukola Saraki, asked Senator Ndume to convey Senate’s resolution inviting him to the CBN governor.
Saraki said, “The leader in line with our rules, 42:1 did mention this and in line with our rules also we must get the views of the Senators that we should stand this down till Tuesday next week.
“Leader, you convey and invite the Central Bank Governor to come on Tuesday by 11 to present this before the Senate.’’
Ndume had said it was expedient for the Senate to invite the CBN governor to brief it on the free fall of the naira.
He said, “As a today, naira is exchanged for N305 to one dollar. In view of this worrisome situation and the fact that we all know that this country depends so much on imported materials and even food, there is a need for this Senate to as a matter of urgency call, invite or summon the governor of CBN to explain this situation and to provide the necessary solution to this situation.’’ Click to signup for FREE news updates, latest information and hottest gists everyday
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Naira senators. What else do guys know other than naira sharing.
ReplyDeleteThank God they have finally woken up! Ask the politicians who messed up the economy through dollarisation of bribery and corruption. Ask those in CBN dealing room what they benefited. Ask BDCs mostly owned by the politicians- including members of the National Assembly and CBN Staff how they milked Nigeria from weekly dollar allocation thereby making unreasonable profit. Ask dollar generating government bodies how they have corrupted the dollar sales process through unbridled corruption. Ask those engaging in round tripping who bought fx cheap from CBN and sell in the black market. Ask some Bank Treasurers' who benefited from the rot.
ReplyDeleteTime for the CBN governor to go. He was purposely brought in to serve the interest of the politicians during the election by loading dollars out of the CBN in vans and suitcases. His tenure is the worst in the history of CBN governors. He is a stooge and will remain a stooge. Time up Emiefele.
ReplyDeleteMr. Godwin Emefiele when the National Assembly ask you questions about the naira devaluation kindly tell them you will ask Buhari to lecture you on how to make 1 dollar equal to 1 naira as he promised during his campaign.
ReplyDeleteha ha ha God have mercy. Non of Buhari's promises has come to pass, we are in the eight months now. say Baba how far? wetin dey shele now, eye don dey red o o o, people are asking plenty question now, because the hardship is too much on the people, hunger everywhere, no money in circulation, businesses paralise....... what! what! I beg o o na you say you go fit do am o o o ....fix the country as you promised i beg so that the people praising you will not turn their back on you.
ReplyDelete