HeadlineCash Crunch: Buhari Meets Emefiele, Bagudu, Tambuwal, Others

Cash Crunch: Buhari Meets Emefiele, Bagudu, Tambuwal, Others


February 07, (THEWILL) – President Muhammadu Buhari on Tuesday, held a closed-door meeting with Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN); Atiku Bagudu, the Chairman of the Progressive Governors’ Forum, and Aminu Tambuwal, the Chairman of the Nigeria Governors’ Forum, at the Council Chamber of the State House in Abuja.

Abdulrasheed Bawa, Chairman of the Economic and Financial Crimes Commission (EFCC), and General Lucky Irabor, Chief of Defence Staff, were also present at the high-level meeting.

The meeting, THEWILL learnt, may not be unconnected to the ongoing cash crunch and recent Federal High Court order, restraining the Federal Government and the CBN from extending the February 10 deadline for swapping and discontinuing the usage of the old N200, N500, and N1000 notes.


Prior to the February 10 extension, there had been pressure on the President and the CBN to extend the deadline for swapping the old notes.

While details of the meeting are sketchy, sources within the Presidency, who confirmed the meeting, said President Buhari was wary about the possible perception of disregard for lawful orders.

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