Naira Redesign: 36 Governors Summon Emefiele Over Monetary Policy, Reveal Implications
- The 36 governors in Nigeria have invited Godwin Emefiele, the governor of the CBN, over the security and economic implications of the new naira notes and withdrawal limit policy
- Emefiele is expected to join the governors in a virtual meeting on Thursday where he would be engaged on the new monetary policy of the apex bank
- Abdulrazaque Bello-Barkindo, the spokesperson of the governors' forum and Aminu Tambuwal, the chairman of the NGF, sent the invitation to Emefiele
FCT, Abuja - Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), has been asked to appear before the 36 governors in Nigeria on Thursday, January 19, over the new monetary policy of the apex bank.
According to The Punch, the Nigeria Governors' Forum, through its spokesperson, Abdulrazaque Bello-Barkindo, disclosed the development in a statement on Tuesday, January 17.
Source: UGC
Why governors want to meet Emefiele
Bello-Barkindo said the governors planned to exchange ideas with the CBN governor on the security and economic implications of the withdrawal policy and naira redesign of the apex bank.
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The CBN, under Emefiele's leadership announced its decision to redesign the naira notes on October 26, 2022, it then asked Nigerians to change their naira notes at the banks before January 31, 2023.
Barkindo said the chairman of the NGF and Sokoto state governor, Aminu Tambuwal, invited Emefiele to a virtual meeting with the governors slated for Thursday, January 19 at 9pm.
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The spokesperson indicated that the virtual meeting would dwell on the new withdrawal and naira redesign policy of the apex bank.
The statement reads in part:
“The discussion promises to foster participation and dialogue between various stakeholders including governments and civil society organisations to come up with a solution to the lingering issue.”
Tension looms as police take over CBN governor's residence in Abuja
Legit.ng earlier reported that police laid siege at the Abuja residence of Godwin Emefiele, the governor of the CBN on Tuesday night.
A source within the police disclosed that the police were there to ensure that the apex bank governor appears in court over the $53m Paris Fund Debt.
However, the Abuja police command and the force headquarters denied having knowledge of the development.
Source: Legit.ng
