Investigation of Godwin Emefiele: Matters arising
3 years agoThe apex bank recently extended the deadline for the swap of the newly designed N1,000, N500, and N200 notes from January 31st 2023 to 10th of February following an outcry from Nigerians. The Central Bank of Nigeria, Governor Godwin Emefiele appeared before the House of Representatives committee in Abuja, on the new naira redesign and swap policy on Tuesday, he said banks will still accept the old notes after the deadline. He said subject to Section 20, Subsection 3 of the CBN Act 2007 and even after the old currencies have lost legal tender status, the CBN will continue to accept the old notes. (Photo by Olukayode Jaiyeola/NurPhoto via Getty Images)
The suspension of the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele and his subsequent arrest and detention by the Department of State Services (DSS) may appear plausible, even predictable to many Nigerians who readily blame the apex banker for their financial woes, particularly in the last days of former President Muhammadu Buhari government.
