Naira Swap: Emefiele Finally Bows to Pressure, Appears Before Reps C’ttee

Paschal Emeka, Abuja

The Governor of the Central Bank of Nigeria, Godwin Emefiele on Tuesday appeared before the House of Representatives Ad-hoc Committee, investigating the Naira swap policy of the apex bank.

As of the time of filing this report, the Committee and delegation of the CBN are having a closed-door meeting at the National Assembly.

The meeting commenced around 12:05 pm after over one-hour behind closed doors.

Recalled that several threats of arrest were issued by the House and the Committee on Thursday last week after Emefiele shunned the House.

The CBN Governor had on Sunday announced an extension of the deadline for the new currency swap till 10th February.

However, the Committee swiftly rejected the extension and insisted that Emefiele must appear before them.

At the commencement of the meeting, the Chairman of the Committee, Ado Doguwa explained that the CBN Governor provided reasons for missing previous invitations.

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