On Saturday morning, the Nigerian Senate commenced an emergency plenary over the amendment of the Central Bank of Nigeria (CBN) Act 2004.
Recall that the sitting days for the Senate plenary are Tuesdays and Wednesdays. However, a plenary was fixed for 10 a.m. on Saturday. Though the session started a few minutes past 11 a.m., Naija News understands.
According to the order paper, the bills up for debate are: A Bill for an Act to Amend the 2022 Supplementary Appropriation Act and for other matters connected therewith, 2023 (SB. 1124) – Second Reading. (Sen. Gobir, Ibrahim Abdullahi (Sokoto East-Senate Leader).
Also, a Bill for an Act to Amend the Central Bank of Nigeria Act C4 Laws of the Federation of Nigeria 004 and for Other Matters Connected Thereto, 2023 (SB. 1125) – Second Reading Sen. Gobir, Ibrahim Abdullahi (Sokoto East-Senate Leader).
Meanwhile, the senator representing Kogi West Senatorial District, Smart Adeyemi, has urged the President-elect, Bola Tinubu, to question the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, when he takes over power.
Speaking during an interview on Channels Television, the lawmaker claimed that the CBN Naira redesign policy aimed to sabotage the chances of Tinubu at the polls.
He insisted that Emefiele be called upon to explain the real reason behind the policy that plunged the citizenry into economic suffering.
He noted that the supposed redesign notes the apex bank was hammering on are currently nowhere to be found.
He said, “The calculated attempt then, was to stop APC from winning the election. They said they were redesigning the Naira, so where are the redesigned notes?
“Gradually, they are out of circulation. If the judiciary had kept quiet, Nigeria would have gone into chaos.
“If I were Tinubu, when I assume office, I will call in Emefiele and others to come and explain what happened and what was the reason behind the redesigning of Naira notes”.