“Emefiele can’t appear before House at this time” – CBN writes Reps

A week after the House of Representatives summoned the CBN Governor to suspend its latest cash withdrawal policy and appear before it to provide explanations, apex bank Chief writes lawmakers to request a postponement of his scheduled briefing

 

 

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has sent a correspondence to the Speaker of the House of Representatives, Femi Gbajabiamila, seeking a postponement of his scheduled appearance to brief the lawmakers on the recent monetary policies of the apex bank to an “earliest time possible.”

The Green Chamber last week, after consideration of a motion presented by Rep. Aliyu Magaji,  (APC, Niger) at a plenary session, summoned Emefiele for explanations on his recent monetary policies, especially the N100,000 weekly cash withdrawal limit slated to take off January 9, 2023.

The House had frowned at the timing of the policy and therefore requested the Governor to appear before it on Thursday, December 15, 2022, for further explanation of the policy.

 

READ ALSO: Limited Cash Withdrawal: “We need explanations” – Reps to CBN

 

However, in a letter dated December 13, 2022, with a reference number GVD/DGC/CON/NAS/002/055, signed by the Deputy Governor, Corporate Services, Edward Adamu and addressed to Gbajabiamila, the said he couldn’t be physically present to brief the lawmakers due to his trip to the United States of America with President Muhammadu Buhari.

Titled ‘Re-Invitation for a Briefing,” the letter read on the floor of the House by the Deputy Speaker and presiding officer for Thursday’s plenary, Ahmed Idris Wase, stated thus, “We refer to your invitation to the Governor of the Central Bank of Nigeria, Godwin Emefiele, to brief the House of Representatives on recent policies of the Bank on Thursday, December 15, 2022.

We respectfully apprise you that the CBN Governor is a member of the delegation of H.E. President Muhammadu Buhari currently attending the USA Africa Summit in Washington D.C. Consequently, the Governor will not be able to honour your invitation on Thursday, December 15, 2022.

While the Governor regrets his inability to be physically present for the scheduled briefing due to the aforementioned national assignment, he shall be available to provide the briefing at the earliest time possible.

Please accept, Mr. Honourable Speaker, the assurances of the CBN Governor’s highest personal regards and consideration.”

READ ALSO: How Reps reacted to CBN Cash Withdrawal Policy – “My heart bleeds for the people who voted us into power”