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Reps reschedule Emefiele’s appearance for Tuesday

House of Representatives has rescheduled the appearance of the governor of the  Central Bank of Nigeria (CBN), Godwin Emefiele before the parliament for Tuesday next week.

The deputy, Idris Wase, disclosed this, at Thursday’s plenary. Wase  said Emefiele,   who scheduled to appear before the House on Thursday, had written to say he was out of the country.

The House had last week summoned the CBN governor to appear before him, over the  new cash withdrawal limit approved by the apex bank. The CBN pegged the maximum cash withdrawal by individual per week at N100,000 and N500,000 for corporate organizations. Also, the maximum daily limit for individuals at N20,000, effective from January 9, 2023.

Regardless, lawmakers, while debating  a motion on  the propriety of the new cashless policy, had argued that the policy if allowed to stand  will strangulate the economy, as well as impose hardship on the people.

 

According to them,  contrary to Section 8(4)(5) of the CBN Act, which mandates the apex bank to brief the National Assembly on monetary policies, at intervals, Emefiele has allegedly kept the parliament in the dark on major policies by the CBN.

However, the CBN governor, in a letter to the House,  on Thursday, informed the lawmakers that  he was part of  President Muhammadu Buhari’s delegation to the Washington DC, and would not be available.

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