House Of Reps Ask CBN Governor To Resign

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CBN Govrnor, Godwin Emefiele

The lower legislative chamber, House of Representatives, has asked for the resignation of Godwin Emefiele, the governor of the Central Bank of Nigeria over the repeated fall of the Naira at the parallel market.

Fresh reports reaching newsmen reveals that some members of the
House of Representatives have called for the sack of Emefiele and his team
after heaping the blame on him.

It was reported that the call for Emefiele’s sack was
ignited by Honourable Ali Isa, who moved a motion entitled ‘Call for
investigation of the Central Bank of Nigeria’s forex policies.’
The motion led to contributions from Hon. Mojeed Alabi and
Wale Raji amongst others who debated the motion.
Hon. Alabi reportedly showed his surprise at how the CBN
governor ignored several invitations by the House to discuss some of the bank’s
policies and concluded Emefiele should be sacked.
“Over the falling of the Naira, the CBN governor and his
team should be sacked,” Alabi reportedly said.
In his remark, Hon Raji said: “Who is in charge of our Forex
CBN or the black market? This is the only country in the world where the black
market rates are quoted on television. 
If Nigeria were to be a normal country,
the CBN governor and his team should be sacked.”

However, the minority leader, Leo Ogor, kicked against
Emefiele’s sack saying lawmakers ‘only thing we do is pay lip service’ instead
of working with the executive to find a lasting solution to problems such as
the failing Naira.

The house, which was presided over by Speaker, Yakubu
Dogara, resolved to set up an ad hoc committee to interact with the Bureau De
Change operators and other establishment that deal in forex to explain how they
utilise the subsidised forex from CBN.

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