{"id":165363,"date":"2019-11-04T18:39:50","date_gmt":"2019-11-04T17:39:50","guid":{"rendered":"https:\/\/arewa.ng\/?p=165363"},"modified":"2019-11-04T18:42:17","modified_gmt":"2019-11-04T17:42:17","slug":"senate-committee-rejects-cbn-governors-representative-orders-him-to-appear-in-person","status":"publish","type":"post","link":"https:\/\/arewa.ng\/?p=165363","title":{"rendered":"Senate committee rejects CBN governor&#8217;s representative, orders him to appear in person"},"content":{"rendered":"<p><span class=\"ds-1col file file-image file-image-jpeg view-mode-embedded centered clearfix block-story-object block-story-object-resource block-story-object-resource-image\"><br \/>\n<span class=\"block-story-object-asset\"><img decoding=\"async\" class=\"media-element file-embedded\" typeof=\"foaf:Image\" src=\"http:\/\/arewa.ng\/wp-content\/uploads\/2019\/11\/Senate-Committee-Rejects-Emefieles-Representative-Orders-Him-To-Appear-In-Person.jpg\" alt=\"\"><\/span><br \/>\n<\/span><\/p>\n<div>\n<p>The Senate Committee on Finance has rejected the representative sent by the Governor of the Central Bank of Nigeria, Godwin Emefiele.<\/p>\n<p>The committee sent another invitation to him, insisting that he must appear before it.<\/p>\n<p>Emefiele had on Monday sent one of his deputies, Adebisi Shonubi, to address the issue of the exchange rates for funding key projects but he was turned back by the committee.<\/p>\n<p>The panel also blamed Emefiele for not informing it earlier that he would be sending a representative.<br \/>\n<span class=\"ds-1col block-story-object block-story-object-link block-story-object-link-story\" about=\"\/2019\/11\/04\/nigerian-senate-summons-central-bank-governor-emefiele-over-multiple-exchange-rates\" typeof=\"sioc:Item foaf:Document\"><br \/>\n<\/span><br \/>\n<span class=\"block-story-object-content-body\"><br \/>\n<span class=\"node node-story node-promoted node-sticky taxonomy-money view-mode-embedded_link block-module block-module-small block-module-story\"><br \/>\n<span class=\"block-module-image block-module-image-scale-to-fit\"><span class=\"block-module-image-wrapper\"><span class=\"image-background-wrapper\"><img decoding=\"async\" class=\"\" typeof=\"foaf:Image\" src=\"http:\/\/arewa.ng\/wp-content\/uploads\/2019\/11\/1572887896_72_Senate-Committee-Rejects-Emefieles-Representative-Orders-Him-To-Appear-In-Person.jpg\" width=\"100\" height=\"100\" alt=\"\"><\/span><\/p>\n<p><\/span><\/p>\n<p><\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p>The CBN governor was therefore asked to appear before the panel again on Thursday.<\/p>\n<p>Emefiele was expected at the Senate panel with detailed explanations on the rationale behind the exchange rates the CBN used for three key projects under the Presidential Infrastructure Development Fund.<\/p>\n<p>The multi-billion-dollar projects are being funded by the Nigeria Sovereign Investment Authority.<\/p>\n<p>The PIDF was earmarked from the dollar-denominated Sovereign Wealth Fund to partly finance the Lagos\u2013Ibadan Expressway, Second Niger Bridge, Abuja\u2013Kano Expressway, East-West Road and Mambilla Hydro Project.<\/p>\n<p>The first three projects had already been funded to the tune of N163.8bn.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Senate Committee on Finance has rejected the representative sent by the Governor of the Central Bank of Nigeria, Godwin Emefiele. The committee sent another invitation to him, insisting that he must appear before it. Emefiele had on Monday sent one of his deputies, Adebisi Shonubi, to address the issue of the exchange rates for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":165364,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3,4],"tags":[2197,12030,351],"class_list":["post-165363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics","tag-cbn","tag-emefiele","tag-senate"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/165363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=165363"}],"version-history":[{"count":0,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/165363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/media\/165364"}],"wp:attachment":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=165363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=165363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=165363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}