Breaking News
BREAKING: House of Reps threatens warrant of arrest on Emefiele
Speaker Femi Gbajabiamila has threatened to invoke the provisions of section 89(D) of the 1999 Constitution as amended to compel the Governor of the Central Bank of Nigeria (CBN) Godwin Emiefele to appear before the House.
Section 89 gives the parliament power to issue a warrant of arrest on anybody who refuses to honour an invitation from them.
The House at plenary on Tuesday set up an ad-hoc committee to interface with the CBN and Managing Directors of Banks on the scarcity of the redesigned naira notes and cashless policy while asking the apex bank to extend the deadline for deposit of the old notes by six months.
Neither the Governor of the CBN nor his representative honoured the House invitation for a meeting by 3.00 pm on Wednesday, prompting another invite for Thursday.
A letter read on the floor of the House on Thursday by the Speaker and signed by CBN’s Deputy Governor, Corporate Services said Emefiele will not honour the invitation because he was part of President Buhari’s delegation to Dakar, Senegal.
Reacting to the letter from the apex bank, Gbajabiamila said though the CBN Governor was a personal friend, he and other members of the House have a constitutional duty to perform.
He said the refusal of the CBN Governor to honour the invitation or send a representative to the House was not acceptable, adding the bank must attend the meeting summoned by the House before the close of business on Thursday.
He said if the bank fails to honour the invitation of the House to discuss a policy, which has caused serious hardship to Nigerians, he will be forced to invoke the provisions of the constitution to issue a warrant of arrest asking the Inspector General of Police to compel the CBN Governor to honour the House invitation.
Details Shortly…
-
Politics5 days ago$35M Atlantic Refinery Project: Sunny Goli Commend Tinubu, EFCC over Diligent Prosecution
-
Politics5 days agoConfusion As Court Adjourns Appeals On Rivers State Political Crisis, Orders PDP To Clarify Legal Representation
-
Politics5 days agoAlleged N101.4 Billion Fraud: Court Orders Service of Hearing Notice on Yahaya Bello
-
Politics5 days agoEdo State Govt Bans Activities Of Drivers On Wheels And Road Transport Employees Association Of Nigeria (RTEAN).
-
News5 days agoKAI demolishes 138 Shanties, dislodges 169 illegal residents in Lagos
-
News5 days agoPolice Cracks Down Criminal Syndicates, Apprehend 82 suspects in Kano
-
Business5 days agoBayelsa State Commissioner For Transport Assures Transport Unions Of Ministry’s Authority
-
National5 days agoTinubu Approved the Appointment of Daniel Bwala, Atiku’s Former Aide, Media Adviser