The federal House of representative Adhoc committee on new naira re-design and Naira swap policy has rejected the 10 days extension for swapping the newly re-designed N200, N500, N1000 by CBN Governor Godwin Emefiele.
This was made known by the chairman of the committee, Hon.Alhassab Ado Doguwa during a statement . According to him, the 10 days extension the the swapping of the naira note is not the solution to the current problem. He further stated committee that they will only accept with the compliance of section 20 sub 3,4,5 as a means to tackle the challenging situation.
He further stated that the house will go ahead to issue an arrest warrant to Aprprehend CBN Governor Godwin Emefiele to appear before the Adhoc committee.
In his word
“The 10-day extension for the exchange of the old naira notes is not the solution: We as a legislative committee with a constitutional mandate of the house, would only accept clear compliance with section 20 sub 3, 4, and 5 of the CBN act & nothing more. Nigeria as a developing economy & a nascent democracy must respect the principle of the rule of law.
The House would go ahead to sign arrest warrant to compel the CBN Governor to appear before the adhoc committee.”Doguwa said under his chairmanship, the committee would continue its work until it gets the demands of Nigerians addressed in accordance with the laws of the land.
