CBN: Emefiele Facing Arrest Over Failure To Appear Before Reps

The Governor of the Central Bank Of Nigeria (CBN), Godwin Emefiele, may be arrested as the Speaker of the House of Representatives, Femi Gbajabiamila, has stated that he may trigger a part of the constitution that gives him the power to do so.

Gbajabiamila disclosed this on Thursday while reacting to the report presented by the Majority Leader, Alhassan Doguwa, who is the chairman of the ad hoc committee set up to interface with the Bankers Committee and the CBN.

Doguwa while addressing the house revealed why the meeting with CBN and Emefiele failed to hold on Wednesday.

In his reaction, Gbajabiamila stated that he is ready to trigger section 89(1)(d) of the 1999 constitution, which gives the House the power to direct security agencies to order an arrest warrant against anyone.

“Therefore, I will, pursuant to the authority conferred by Section 89 (1)(d) of the Constitution of the Federal Republic of Nigeria and Order 19 (2)(1) of the Standing Orders of the House of Representatives, not hesitate to issue a warrant to the Inspector General of the Nigeria Police Force to compel the attendance of the CBN or Managing Directors who fail, refuse or neglect to respond to the summons by the House of Representatives", he stated.