Senate Questions Emefiele Behind Closed Doors

CBN Governor, Godwin Emefiele
CBN Governor, Godwin Emefiele

The Senate on Tuesday held a closed-door meeting with the Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele on the monetary policies being adopted by the apex bank in order to salvage the country’s economy.



    According to a brief information by the Senate President, Bukola Saraki on one of his social media accounts, the senators “questioned the CBN Governor on the recent changes made to Nigeria’s foreign exchange management policy; the determination of foreign exchange rates; the monetary policy of the Federal Government; the challenges being experienced by many commercial banks; and the need to diversify and grow Nigeria’s economy for better performance.”

    Saraki said the 8th senate will continue its collaborative approach of working to bring succour to the Nigerian people in the form of effective oversight and innovative legislation.

    Also at Plenary, the senate received a letter from the presidency requesting the passage of the 2016 budget of over 37 federal agencies.

    The agencies include the CBN, the Federal Inland Revenue Service, FIRS, the Nigeria Television Authority, NTA, as well as the Federal Radio Corporation of Nigeria, FRCN.

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