Reps Summon CBN Governor Godwin Emefiele

The House of Representatives on Tuesday, August 11, 2015, summoned the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to explain the recent policy directing commercial banks to reject foreign currency deposits.

This followed the unanimous adoption of a motion under matters of urgent public importance sponsored by Rep. Emmanuel Ekon (Akwa-Ibom, PDP).

Ekon said that although the CBN Act of 2007 confers it with the power to devise a suitable mechanism for the exchange of the naira periodically, Nigerians need to understand the merits of the policy.

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Why Jonathan’s Kinsmen Dumped PDP For APC

Kinsmen of former president Goodluck Jonathan in Ogbia local government area Bayelsa state have disclosed their reasons for dumping the Peoples Democratic Party (PDP) for the All Progressives Congress (APC).

According to the defectors, led by Senator Clever Ikisikpo, who represented Bayelsa-East Senatorial District, he and his compatriots left the PDP because of the method of operations of the party, The Nation reports.

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Gbenga Daniel Denies Wole Soyinka's Allegations

Otunba Gbenga Daniel, the former governor of Ogun state has replied to allegations made by Professor Wole Soyinka that as governor, the former used the police to illegally close down the state House of Assembly.

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War Against Corruption Must Be Across Board – @DeleMomodu

Former Presidential candidate and journalist, Dele Momodu, has reiterated that the war against corruption by President Muhammadu Buhari must cut across all political parties and politicians in Nigeria.

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CBN faults banks on ATM cash withdrawal limits

The Central Bank of Nigeria, CBN, yesterday disagreed with the restructuring some banks have effected in their debit card, otherwise known as Automatic Teller Machine (ATM) services as well as some measures they introduced on foreign cash and e-payment transactions this week.

Some banks had early this week imposed N60,000 per day limit on ATM withdrawals while also limiting foreign currency withdrawal per day to $300.

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Why economically, we’re in trouble – Buhari

The trial of former public officers who looted the national treasury and stashed the funds in foreign banks will commence in few weeks. 

 

President Muhammadu Buhari disclosed this, yesterday,   when he met members of the National Peace Committee led by former Head of State, General Abdulsalami Abubakar at the Presidential Villa, Abuja.

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