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September 19, 2019
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Breaking: Senate Confirms Emefiele’s Appointment As CBN Governor For Second Term

Smuggling, Dumping, Challenges To Economic Policies – CBN

Smuggling, Dumping, Challenges To Economic Policies – CBN

By Augustine Akhilomen

The Senate on Thursday confirmed the re-appointment of Central Bank of Nigeria (CBN) governor, Godwin Emefiele for another five years.

The Red Chambers had on Tuesday asked its committee on Banking, Insurance and other financial institutions to consider the request by President Muhammadu Buhari that Emefiele be confirmed for another five years.

Presenting the report on Thursday, chairman of the committee, Rafiu Ibrahim (Kwara-PDP), said the committee was impressed with Mr Emefiele’s ‘more than 32 years’ experience with outstanding performance.’

The committee recommended confirmation of Mr Emefiele based on his performance in the first tenure.

“That the nominee understands the diverse economy of the country and has displayed profound knowledge of the continuous existence of our economy stability.

“That the nominee has performed credibly in his first tenure which resulted to the exit of the nation out of economic recession,” Mr Ibrahim said.

His confirmation was put to a voice vote and received a unanimous ‘ayes’ from the senators.

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