‘I’m Sick’ — Emefiele Writes Reps Over Briefing On Cash Withdrawal Limits

Emefiele has written Reps over a briefing on cash withdrawal limits.

EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that he’s sick and will not appear before the House of Representatives on Thursday.

This was disclosed after he failed to honour an invitation by members of the House of Representatives to defend the proposed cash withdrawal limit policy, which is expected to kickstart on January 9, 2023.

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This development was contained in a letter sent to the House of Representatives signed by the Deputy Governor, Corporate Services of the CBN, Edward Adamu.

Recall that the House was to grill Emefiele last Thursday over the policy which, among others, restricted cash withdrawals from over-the-counter and Automated Teller Machines (ATMs) to N100, 000 and N500, 000 weekly for individuals and corporate organizations, respectively, but he failed to appear before the lawmakers.

He was also billed to show up on Tuesday, but he did not.

This newspaper understands that Emefiele will be represented by Aisha Ahmad, the CBN’s Deputy Governor, Financial System Stability. Ahmad will stand in for Emefiele on Thursday.

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Speaker of the House, Gbajabiamila, read out Amadu’s letter to members in the middle of Wednesday’s plenary, and the lawmakers resolved to accept Emefiele’s representation.

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