BREAKING: Gbajabiamila Threatens Emefiele With Arrest

BREAKING: Gbajabiamila Threatens Emefiele With Arrest

The Speaker of the House of Representatives has threatened to arrest Central Bank Governor Godwin Emefiele if he does not appear before the committee investigating the withdrawal of old naira notes.

Gbajabiamila made the statement on Thursday after the Majority Leader of the House, Ado Doguwa, informed him that Emefiele and others had declined an invitation to a meeting on Wednesday.

Gbajabiamila responded to the statement by saying he will not hesitate to order the Inspector General of Police, Akali Baba, to issue an arrest warrant to compel Emefiele to appear before the committee.

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Mr Gbajabiamila also stated that the House should adjourn today to prepare for the elections, but they will remain in order to resolve the currency swap crisis.

“I will, pursuant to the authority conferred by Section 89 (1)(d) of the Constitution of the Federal Republic of Nigeria and Order 19 (2)(1) of the Standing Orders of the House of Representatives, not hesitate to issue a warrant to the Inspector General of the Nigeria Police Force to compel the attendance of the CBN or Managing Directors who fail, refuse or neglect to respond to the summons by the House of Representatives,” he said.

He also stated that Emefiele’s deadline is in conflict with Section 20 of the CBN Act, noting that banks are required to accept old notes even after the deadline has passed.

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