Breaking: Senate Summons CBN Governor Over Economy, Naira’s Free Fall

The Senate, through its Committee on Banking, Insurance and other Financial Institutions, has summoned the Governor of Central Bank of Nigeria, Olayemi Cardoso, to appear before it on Tuesday next week to answer questions on the state of the economy and the free fall of naira in the forex market.

The head of the committee Adetokunbo Abiru while  Speaking with journalists after the meeting held behind closed doors,  said the state of the economy, especially the inflation index, was of great concern to the lawmakers.

“We have held a meeting this afternoon essentially to focus on the direction of the Nigerian economy.

“We are all living witnesses of what is going on. Underlining the major issue of the economy is the way the inflation index has been and of course, it is a major concern to us.

“We have deliberated among ourselves. Critical issues were addressed and we believe that the next line of action is to summon the Governor of the Central Bank on Tuesday at 3 O’clock to brief us properly on the state of the economy.

“That we have resolved and will communicate to the Governor of the Central Bank after which we will have further communication with members of the press.”