- A Senate Committee has threatened to arrest the CBN governor, Godwin Emefiele, over the disbursement of N500 billion fund
- The committee said the refusal of Emefiele and five others are comptemtous, stating that the CBN boss has a case to answer
- The Senate Committee summoned Emefiele and five others, including bank executives over the alleged lopsided disbursement of the fund
The alleged unequal disbursement of N500 billion development fund across the six geo-political zones is pitting the Senate against the governor of the Central Bank of Nigeria, Godwin Emefiele and others.
The upper legislative chamber’s Adhoc committee on the disbursement of N500 billion across the six geo-political zones by the Development Bank of Nigeria threatened to issue a warrant of arrest on Emefiele and heads of the concerned financial institutions for not appearing before it.
