The Nigerian Senate has lifted it embargo on the confirmation of nominees

Written by  March 14 2018 font size decrease font size increase font size 0
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The Nigerian Senate has lifted it embargo on the confirmation of nominees for appointment by President MUHAMMADU BUHARI.

 

This clears the way for the long-awaited confirmation of nominees for vacant positions in the Central Bank of Nigeria, and subsequent composition of the Monetary Committee of the CBN.

 

The Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, Senator RAFIU IBRAHIM, who raised a point of order during plenary to urge the chamber to lift their embargo.

 

Senator IBRAHIM observed that the pending confirmation of CBN Deputy Governors and members of the Monetary Policy Committee was negatively affecting the economy, especially foreign investments.

 

Our correspondent JAMES IGAH reports that the Senators unanimously granted the prayer clearing the way for consideration of the appointment of the Deputy Governors of the CBN and other members of the Monetary Police Committee.

 

You will recall that the appointments had been pending since last October when President BUHARI wrote to the Senate, requesting for confirmation of appointment of AISHA AHMAD as CBN Deputy Governor.

 

Other pending nominees for the Monetary Policy Committee are ADEOLA ADENIKINJU; ALIYU SANUSI; ROBERT ASOGWA and ASHEIKH MAIDUGU.

 

You will also recall that the Senate placed an embargo on confirmation of presidential nominees in protest over the President’s failure to act on its rejection of the IBRAHIM MAGU as substantive Chairman of the Economic and Financial Crimes Commission, EFCC.

 

 

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