The senate has confirmed Godwin
Emefiele for a second term as the Central Bank of Nigeria (CBN).
The senate confirmed Emefiele’s
second-term reappointment by President Muhammadu Buhari at plenary on Thursday.
On May 9, Buhari had sent a
letter to the senate informing them of his decision to renew the banker’s
tenure.
By the CBN Act, the senate must
confirm the nomination before it can take effect.
Lawmakers had instructed the
committee on banking, insurance, and other financial institution to summit a
report on the renewal of Emefiele’s tenure as CBN governor.
The committee was led by Rafiu
Adebayo, senator representing Kwara south.
Confirming the renewal, Senate
President Bukola Saraki said: “On behalf of the senate, let me congratulate the
governor of the central bank, Mr Godwin Emefiele on the renewal of his
appointment.
“We wish him a useful tenure and
may he use this opportunity to continue to provide support to ensure that the
economy of our country continues to improve and address the important area of
ensuring microeconomic stability.”
The committee was dissolved after
the renewal.
Emefiele was first appointed in
2014 by former president Goodluck Jonathan and was retained when Buhari came to
office in 2015.
This is the first time since 1999
that any CBN governor would get a second term.
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