SENATE COMMITTEE APPROVES CBN BOARD NOMINEES

The Senate Committee on Banking, Insurance and Other Financial Institutions Wednesday screened the five non-Executive Director nominees for the Central Bank of Nigeria (CBN) referred to it by the Senate. The committee headed by Senator Rafiu Ibrahim sat for about two hours from 2p.m. and screened the nominees who were escorted one after the other to the committee room by Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang. The nominees were given five minutes to talk about their working experience before entertaining few questions from committee members after which they were asked to take a bow by the committee chairman The five non- executive directors screened by the committee included three professors namely Ummu Jalingo (North-east), Mike Obadan (South-south) and Justina Nnabuko (South-east). Others are Adeola Adetunji (South-west) and Dr. Abdu Abubakar (North-west).

The committee is expected to submit its report to the Senate for approval at a date to be determined by the Senate leadership The Senate had earlier this month commenced the consideration of President Muhammadu Buharis nominees for the board of the CBN, 13 months after the request was made. President Buhari had in April 2017 forwarded the names of the nominees for the board of the CBN to the Senate for confirmation in accordance with section 6 (1) (d), and 10 (1) of the CBN Act, 2007.

(ThisDay)