Naira swap: Emefiele appears before House of Reps ad hoc committee

Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele on Tuesday appeared before the ad hoc committee of the House of Representatives on the cashless policy and deadline for the replacement of old naira notes.

The House threatened to invoke the provisions of section 89(1)(d) of the Constitution by issuing a warrant of arrest today to compel him to appear.

The CBN Governor, who appeared with some of his assistants, went into a brief Executive session with members of the committee.

Details later.
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