Representatives of the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele were sent away from the Senate committee room on Monday by the parliament's Committee on Finance.
The delegates, led by the regulatory bank's deputy governor, Adebisi Shonubi were not accorded any recognition by the committee because their invitation was not meant for the governor himself.
According to the chairman of the committee, Solomon Adeola, the deputy governor was asked to leave with his team because the invitation was not meant for him
The panel also accused Emefiele of not giving them prior notice that he would be sending a representative.
The CBN governor was therefore asked to appear before the panel again on Thursday.
The finance committee had summoned Emefiele, to appear before it on Monday to further explain why the regulatory bank exchange rate policy of the bank.
Emefiele was expected at the Senate panel with detailed explanations on the rationale behind the exchange rates the CBN used for three key projects under the Presidential Infrastructure Development Fund (PIDF)
The multi-billion-dollar projects are being funded by the Nigeria Sovereign Investment Authority (NSIA).
The PIDF was earmarked from the dollar-denominated Sovereign Wealth Fund (SWF) to partly fund the Lagos–Ibadan Expressway, Second Niger Bridge, Abuja–Kano Expressway, East-West Road and Mambilla Hydro Project.
The first three projects had already been funded to the tune of N163.8 billion.
The panel demanded the appearance of the CBN governor during an interactive session between the panel and the Managing Director of NSIA, Uche Orji.
The CBN governor was therefore asked to appear before the panel again on Thursday.
The finance committee had summoned Emefiele, to appear before it on Monday to further explain why the regulatory bank exchange rate policy of the bank.
Emefiele was expected at the Senate panel with detailed explanations on the rationale behind the exchange rates the CBN used for three key projects under the Presidential Infrastructure Development Fund (PIDF)
The multi-billion-dollar projects are being funded by the Nigeria Sovereign Investment Authority (NSIA).
The PIDF was earmarked from the dollar-denominated Sovereign Wealth Fund (SWF) to partly fund the Lagos–Ibadan Expressway, Second Niger Bridge, Abuja–Kano Expressway, East-West Road and Mambilla Hydro Project.
The first three projects had already been funded to the tune of N163.8 billion.
The panel demanded the appearance of the CBN governor during an interactive session between the panel and the Managing Director of NSIA, Uche Orji.
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