Yemi Cardoso has been summoned to provide clarification on the lifting of forex ban on some items
The House of Representatives requested explanations from the apex bank governor during Tuesday's plenary

The House of Representatives has taken action by summoning Central Bank of Nigeria (CBN) Governor Yemi Cardoso to provide clarification regarding the recent decision to lift the forex ban on 43 previously restricted items.

This decision was reached during a plenary session on Tuesday, following the presentation of a motion of urgent public importance by Sada Soli, a respected lawmaker from Katsina.

The 43 items in question, which had been prohibited from accessing foreign exchange since 2015, encompassed a range of goods, including staples like rice, poultry products, eggs, beef, as well as seemingly minor items like toothpicks and pencils.

CBN Governor, Cardoso summoned over lifting forex ban on toothpicks, others