Senate Committee on Finance rejects Emefiele’s representatives

The Senate Committee on Finance on Monday refused to allow the representatives of the Central Bank of Nigeria Governor, Godwin Emefiele, to address it on the rationale behind the exchange rates it used for three key projects under the Presidential Infrastructure Development Fund.

The Committee had on Sunday invited the CBN Governor to appear before it on Monday November 4, but the CBN Governor, instead sent the Deputy Governor Operations, Mr Adebisi Shonubi, to represent him.

Led by the Chairman, Solomon Adeola, the Committee members, however, refused to allow the Deputy Governor address them.

According to them, the invitation was not meant for him.

The panel also noted that Emefiele had failed to inform it earlier that he would be sending a representative.

They, therefore, insisted that Emefiele must appear before the committee on Wednesday, November 6.