The Nigerian Senate has summoned the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele over the declining value of the Naira.
The summon, DAILY GIST gathered following a motion moved by Senator Olubunmi Adetunmbi on Wednesday during plenary on the state of the central bank intervention funds and the free fall of the Naira.
According to a resolution passed by the upper legislative chamber, following deliberation on the motion, Emefiele will come into plenary and address distinguished Senators in closed door.
The Senate in the resolution also urged its Committee on Banking, Insurance and other Financial Institutions to conduct an assessment on the decline in the value of the naira to come up with sustainable solutions.
Meanwhile, in the interim, the Senate called on the CBN to urgently intervene to stop the rapid decline in the value of the Naira in service to the dollar and other international currencies.
More details to follow….
