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Governors summon Emefiele over Naira redesign

Last night...a team of heavily armed police officers have laid a siege on the Maitama home of the Central Bank Governor...
Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.
Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.

The governors of the 36 states have summoned the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, over the withdrawal policy and the redesigned naira notes.

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

While referring to the NGF’s Director General, Asishana Okauru, the spokesperson noted that the virtual meeting would focus on the latest apex bank’s withdrawal policy and naira redesign.

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.

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