Governors invites Emefiele over naira re-design policy

The 36 State governors in Nigeria have invited the Central Bank of Nigeria, CBN, governor, Godwin Emefiele over the financial policy.

The invitation of the Apex bank boss was about concerns raised by governors and some Nigerians over the withdrawal policy and the redesigned naira notes.

Spokesperson of the Nigeria Governors’ Forum, Abdulrazaque Bello-Barkindo , in a statement on Tuesday, January 17, 2023, stated that the planned meeting would be held on Thursday, January 19.

The meeting he said, was at the instance of the Director General of the Nigeria Governors Forum Asishana Okauru.

The naira redesign policy has already taken effect with new naira notes already in circulation.

The apex bank has been sending text messages to Nigerians not to wait till 31 st January, 2023 before lodging all their old naira notes.

What happened: CBN introduced the naira redesign policy in October 2022 last year and directed Nigerians to deposit their old notes in banks by January 31, 2023.

Police invade Emefiele’s home: Last night, reports emerged that a team of heavily armed police officers have laid a siege on the Maitama home of the Central Bank Governor.

According to news reports, the siege was in furtherance to Emefiele’s expected appearance at the Federal High Court in Abuja tomorrow, Wednesday, over a $53 million judgment debt arising from the Paris Club refund.