Connect with us


Currency swap: Reps to reconvene if CBN fails to address hardship – Speaker



The House of Representatives say it will reconvene before the Feb. 25 elections, if the Central Bank of Nigeria (CBN) fails to address the hardships Nigerians are facing following the currency swap policy.

The Speaker of the House of Representatives, Mr Femi Gbajabiamila, said this in a statement issued in Abuja by Mr Lanre Lasisi, his Special Adviser on Media and Publicity.

He said the house would continue to monitor the CBN’s implementation of the policy closely following the Green Chamber’s meeting with the CBN governor, Godwin Emefiele, on the issue.

Gbajabiamila said he was on the verge of signing an arrest warrant against Emefiele, following his initial failure to appear before an ad hoc panel of the House.

“The House of Representatives intervened on several occasions. We summoned the CBN governor the first time and again, but he refused to answer, because we had many hard questions for him.

“It was until I issued the threat of warrant of arrest before he came, and I would have signed that warrant,” he said.

He said it would have been the first time in the history of the National Assembly that a CBN governor would be arrested, adding that he will have done it.

He said many have argued on the independence of CBN, the autonomy of CBN, adding that it did not make CBN above the law.

He said the constitution gave the House the power to issue an arrest warrant against anyone.

“We can summon anybody and that was exactly what the House was going to do until the CBN governor came.

“So, we are watching, and we are monitoring very closely. If need be, we will reconvene the House, even though we have been away for our elections. I will call the House back, if need be,” he said.

Gbajabiamila said amidst the ongoing hardship, the Presidential candidate of the APC, Asiwaju Bola Tinubu, has identified with Nigerians and faulted the implementation of the policy.

According to him, it has necessitated the extension of the deadline for the collection of the old currency.

guardian newspaper nigeria

Femi Ogunshola

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.



Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750

Website Designed By DEBORIAN.COM, a Nigerian Web Designer and Web Developer -