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New Naira Crisis: Buhari summons Emefiele


New Naira Crisis: Buhari summons Emefiele

President Muhammmadu Buhari Tuesday held a closed door meeting Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, Chairman of the Economic and Financial Crimes Commission (EFCC), AbdulRasheed Bawa, Secretary to the Government of the Federation (SGF), Boss Mustapha and his Chief of Staff, Professor Ibrahim Gambari.

Chairman of the Nigeria Governors’ Forum (NGF), Governor Aminu Waziri Tambuwal of Sokoto State as well as the Chairman of the Progressive Governors’ Forum (PGF) Governor Atiku Bagudu Abubakar of Kebbi State were also at the Aso Rock Presidential Villa, Abuja.

The meeting was held amidst scarcity of naira notes which had elicited protests in various parts of the country.

Recall that last Friday, the President had implored citizens to give him a seven-day window which lapsed on February 10 to resolve the currency crunch that had emanated from the implementation of the Central Bank policy to change high value Naira notes with newly designed ones after a meeting with the All Progressives Congress (APC) governors.

Read Also: Bankers Scamper For Safety As Protest Rocks Abeokuta Over Fuel, Naira Scarcity (Video)

Buhari had equally assured that he would be meeting with both the CBN and the Security and Minting Company and a decision would be taken based on current realities in the best interest of the people.

The governors of the ruling party had asked that the President directed an adequate injection of the new notes and the continued utilisation of the old ones until the end of the year to cushion the negative effects which the policy decision to redesign the currency had on their constituencies.

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