The House of Representatives Adhoc Committee on the redesign of three naira notes has rejected the 10 days extension granted by the Central Bank of Nigeria for the swap of old N200, N500, and N1,000 bank notes.
The Chairman of the Committee and the Majority Leader of the House, Alhassan Ado Doguwa, said the green chamber will proceed and sign an arrest warrant to compel the CBN Governor, Godwin Emefiele to appear before the committee.
He says the new naira redesign policy is capable of frustrating the forthcoming 2023 general elections.
He described the extension as a mere political gimmick to further deceive Nigerians and worsen their economic and social livelihood, insisting that the CBN governor must appear before or stand the risk of being arrested on the strength of legislative writs signed earlier by Speaker Femi Gbajabiamila.