Senate begins confirmation of CBN’s MPC nominees

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Senate President Bukola Saraki with deputy Senate President, Ike Ekweremadu: govt agencies warned to submit audited accounts

By Ikenna Uwadileke

The Senate on Wednesday mandated its Committee on Banking and Finance to begin the process of confirming four presidential nominees as members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN).

This followed the adoption of the communication from President Muhammadu Buhari, requesting the Senate to confirm the nomination of the four appointees.

The nominees are Prof. Adeola Adenikinju, Dr Aliyu Sanusi, Dr Robert Asogwa and Dr Asheikh Maidugu.

The Senate would also consider Buhari’s request that Mrs Aisha Ahmad and Mr Edward Adamu be confirmed as CBN Deputy Governors.

Moving for the adoption of the request, the Senate Leader, Sen. Ahmed Lawan said that the process was in accordance with the provisions of Section 12 (1)(4) of the CBN Act 2007.

The President of the Senate, Dr Bukola Saraki, gave the committee one week to consider the requests.

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