Senate To Quiz CBN Governor Over Free Fall Of Naira

Godwin Emefiele, the governor of Central Bank of Nigeria will today Tuesday, January 19, be answering questions from the Senate over the continued free fall of the Naira against international currencies.This disclosure was made by the Senate leader, Ali Ndume on Monday in a chat with reporters.

He added that the need to summon the CBN governor for questioning became necessary in order for the red chamber to be briefed on the next line of action.

Senator Ndume said: “The CBN governor is coming tomorrow. I raised a point of order because there is the need for the National Assembly to ask questions about the skyrocketing price of dollar in the black market. The difference between the official exchange rate and that of the black market is too high. We need to ask questions so that we can report back to the common man. It has‎ never been this bad.

“This is my personal opinion. The BDC is now a big employment avenue. If you shut it down, there will be a problem. At the same time, you should not open the windows for people to abuse the process.”