Godwin Emefiele, governor of the Central Bank of Nigeria
(CBN), is currently before the house of representatives ad hoc committee on the
currency redesign and naira swap policy.
The CBN governor had ignored previous invitations from the
lawmakers, prompting them to threaten to issue a warrant of arrest against him.
On Thursday, Femi Gbajabiamila, speaker of the house, said
he will issue a warrant to the inspector-general of police (IGP) to compel the
attendance of the CBN governor to respond to the summon of the house on Tuesday
(today).
Emefiele is currently before the lawmakers in the company of
top officials of the CBN, including Kingsley Obiora, deputy governor, economic
policy directorate.
After sustained public outcry and criticism from key
stakeholders, the CBN on Sunday extended the deadline for the swap of old naira
notes at commercial banks by 10 days.
Announcing the development after meeting with President
Muhammadu Buhari, the CBN governor said the new deadline is February 10, 2023.
However, Nigerians will still be able to deposit their old
notes directly with the CBN until February 17, 2023, described as a “grace
period”.
Nigerians had been complaining about the inability to swap
their old notes for the new designs as the January 31 deadline loomed.
The naira redesign is believed to be targeted at stopping
vote buying in the 2023 general election scheduled for February 25 and March
11.
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Why did he show up? I thought he only answers to Buhari na
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