Senate summons Emefiele, 13 others over $13.9bn capital flight

Senate summons Emefiele, 13 others over $13.9bn capital flight


The Senate has summoned the Minister of Trade and Investment, Okechukwu Enelamah, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and 12 others over a $13.92b capital flight.

They are expected to appear before the Senate Committee on Banking, Insurance and Other Financial Institutions, next week.

Chairman of the committee, Rafiu Ibrahim (APC, Kwara South), in a statement, named the others as Dr. Pascal Dozie, Ahmed Dasuki, Gbenga Oyebode, Babatunde Folawiyo, Colonel Sani Bello and Victor Odili.

Organisations summoned by the committee are: Mobile Telecommunication Network (MTN), Financial Reporting Council of Nigeria (FRCN), Standard Chartered Bank, Citibank and Diamond Bank.

He said summon of the affected persons was sequel to the Senate’s resolution of September 27, 2016, titled, ‘Unscrupulous Violation of the Foreign Exchange (Monitoring and Miscellaneous) Act’.

The Senate, yesterday, also approved extension of the validity period of the Joint Admissions and Matriculation Board examination results to three academic years.

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