Politics

Emefiele gets Senate’s nod as CBN Gov for another 5-yr tenure

PORTS: Reps, Emefiele on collision course over non-appearance before adhoc committee

The Nigerian Senate on Thursday confirmed Godwin Emefiele as governor of the Central Bank of Nigeria (CBN) for a second term.

President Muhammadu Buhari had re-nominated Emefiele for the position and last week communicated that to the Senate in a letter.

He had in the letter requested the lawmakers to confirm him as CBN governor for a second term of five years.

Consequently, the Senate instructed its Senate Committee on Banking, Insurance and Other Financial Institutions to screen Emefiele.

The President of the Senate, Bukola Saraki, during the lawmakers’ plenary on Tuesday, mandated the committee to within one week carry out the screening and report back to the Senate.

Read also: FEC approves $1bn Chinese loan for Gurara II Hydropower project

The committee on Wednesday engaged Emefiele, grilling him on matters currently affecting Nigeria’s economy.

After the Wednesday grilling, the Senate on Thursday approved the re-appointment.

Emefiele’s tenure as CBN governor, would have expired on June 2, 2019, having been appointed on June 2, 2014 by former President Goodluck Jonathan.

Meanwhile, Emefiele’s confirmation is coming on the heels of a leaked audio where he was allegedly heard discussing with his deputy and other top officials of the apex bank on how to cover up a N500 billion fraud.

Ebere Ndukwu

Ebere is a lover of investigative journalism, always seeking to unearth the hidden.

Join the conversation

Opinions

About the author

Ebere Ndukwu

Ebere is a lover of investigative journalism, always seeking to unearth the hidden.

Do NOT follow this link or you will be banned from the site!