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Reps summon Emefiele over $1bn forex sales by IOCs

An ad hoc committee of the House of Representatives on Monday summoned the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, to explain how International Oil Companies got involved in the sale of foreign exchange to importers and marketers of petroleum products in 2016.

The committee, which is chaired by a member from Imo State, Mr. Nnanna Igbokwe, is conducting a public hearing on the review of the pump price of Premium Motor Spirit from N145 to N70.04.

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