Senate invites Emefiele, Babachir over funds

ABUJA— THE Senate, yesterday, invited the
Governor of Central Bank of Nigeria, CBN,
Godwin Emefiele, over intervention fund
implementation, but did not fix any date for
him to appear.
Emefiele
It also summoned the Secretary to the
Government of the Federation, Engr. Babachir
Lawal, to appear before it tomorrow as part of
moves to get his side on the ongoing
investigation into claims that funds earmarked
for humanitarian crisis in the North-East were
mismanaged.
Emefiele, according to the upper legislative
chamber, is to appear before it to throw more
light on the progress the apex bank has so far
made in the use of its intervention facilities to
assist in the strengthening of the country’s
economy.
The decision of the Senate was sequel to a
motion, The Need for the Central Bank of
Nigeria, CBN, to Implement its Intervention
Funding Programmes to Qualified Nigerian
Companies and Exporters, sponsored by
Senator Mao Ohuabunwu (PDP, Abia North).
Also, the Senate, yesterday, summoned the
SGF, Lawal, in a letter dated March 15, signed
by the Chairman, Senate Ad- Hoc Committee
on mounting Humanitarian Crisis in the North-
East, Senator Shehu Sani (APC, Kaduna
Central).

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