Falling Naira: Senate Summons CBN Governor

The Nigerian Senate has summoned the Governor of the Central Bank of Nigeria, CBN Mr. Godwin Emefiele to appear before it next Tuesday and explain the continued high exchange rate and the measures being put in place to control it.

Senate President, Bukola Saraki who announced the invitation at yesterday’s plenary stated that the Central Bank Governor should make himself available at 10.30 on Tuesday, added that the matter does not need any debate by senators.

This is coming on the heels of point of order raised by the Senate Majority Leader, Senator Ali Ndume as a matter of urgent national importance.

According to Senator Ndume, the matter was discussed with the Senate President, Bukola Saraki as required by the standing rules of the Senate.

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