The Central Bank Governor, Godwin Emefiele is before the ad-hoc committee of the House of Representatives which is investigating the scarcity of the new naira notes.
Emefiele had failed to appear before the lawmakers after initial requests detailing in a series of letters that he was in the United States on an important assignment, and was still outside the country respectively.
The Speaker of the House of Representatives, Femi Gbajabiamila, would go on to state that he would not hesitate to ask the Inspector General of Police, Usman Baba, to issue an arrest warrant on Emiefele to compel him to appear before the House.
It should be recalled that in November, the apex bank fixed the 31 January deadline for the usage of the old notes.
However, the scarcity of the new notes forced the hands of the House to set up an ad hoc committee to resolve the difficulties between the CBN and commercial banks, despite the insistence of Emefiele that many of the banks were hoarding the notes.
Details later
