Politics
Emefiele gets Senate’s nod as CBN Gov for another 5-yr tenure
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.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...