The Senate has summoned the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the depreciation of naira.
This followed a motion by Senator Olubunmi Adetunmbi (APC, Ekiti North).
On her part, Biodun Olujimi, Senator representing Ekiti South, accused the CBN of taking responsibility to defend the naira.
“Most of what is happening is because people are taking out the dollar and selling and bringing them back in — we should be penalising somebody for what has happened to the naira-dollar rate.”
“The time has come for us to look holistically into what is happening. What is happening to the dollar is a replica of what is happening to Nigeria.”
Naira currently trades between N690 and N700 per dollar at the parallel market.
The motion was adopted after Senate President Ahmad Lawan put it to a voice vote.