Cash Withdrawal Limit: Emefiele Shuns Reps Invitation For Second Time

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The Governor of the Central Bank of Nigeria Godwin Emefiele has again shunned an invitation by the House of Representatives, over the bank’s decision to stick to its January 31 deadline for the phasing out of the old naira notes.

Emefiele was expected to appear before the Adhoc Committee set up by the House to look into the matter by 1pm yesterday, but the lawmakers led by the committee chairman, Alhassan Ado-Doguwa, waited in vain for the CBN Governor at the meeting venue.

The outraged Ado-Doguwa said the CBN had written that Emefiele was out of the country with President Muhammadu Buhari.

He said there was no other issue more important to the CBN at the moment than its new cashless policy, which threatens the well-being of Nigerians.

He said the Committee was going to recommend to the House to go ahead with its position to invoke relevant sections of the law to issue a warrant of arrest on Emefiele.

Recall that the House during plenary presided over by Speaker Femi Gbajabiamila, threatened to issue a warrant of arrest, if Emefiele failed to turn up for the meeting.

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