ABUJA – Senate of the Fedral Republic has summoned the Central Bank of Nigeria Governor, Mr. Godwin Emefiele, over the continuous depreciation of the naira.
The summon which came as a resolution on a Point of Order raised by the Senate Leader Mohammed Ali Ndume, over the matter, urges Mr. Emefiele to appear before the red chamber by 11:00 a.m. on Tuesday January 19, 2016 to explain the continuous weakening of Naira against the Dollar.
Senate President Abubakar Bukola Saraki, subsequently directed Sen. Ndume to convey Senate’s resolution inviting the CBN governor accordingly.
“The leader in line with our rules, 42:1 did mention this and in line with our rules also we must get the views of the Senators that we should stand this down till Tuesday next week.
Leader, you convey and invite the Central Bank Governor to come on Tuesday by 11 to present this before the Senate”, Sen. Saraki stressed.
Moving the motion earlier, Sen Ndume submitted that it was expedient for the Senate to invite the CBN governor to brief it on the free fall of the naira.
“As at today, naira is exchanged for N305 to one dollar. In view of this worrisome situation and the fact that we all know that this country depends so much on imported materials and even food, there is a need for this Senate to as a matter of urgency call, invite or summon the governor of CBN to explain this situation and to provide the necessary solution to this situation”, Sen. Ndume submitted.
