Emefiele to Govern CBN for another five years, senate confirms

Emefiele to Govern CBN for another five years, senate confirms

The Senate on Today may 16th 2019 confirmed the reappointment of Godwin Emefiele as governor of Central Bank of Nigeria, CBN for a five-year tenure. The confirmation, which was made at about 11.30 this morning, was in consideration of the report of the Senator Rafiu Ibrahim, PDP, Kwara South led Committee on Banking, Insurance and

The Senate on Today may 16th 2019 confirmed the reappointment of Godwin Emefiele as governor of Central Bank of Nigeria, CBN for a five-year tenure.

The confirmation, which was made at about 11.30 this morning, was in consideration of the report of the Senator Rafiu Ibrahim, PDP, Kwara South led Committee on Banking, Insurance and other Financial Institutions.

The report originally would have only been laid for consideration in another legislative day, but the report was laid, considered and approved today.

It would be recalled  that Godwin Emefiele, yesterday appeared before the Senate Committee for screening, following  President Muhammadu Buhari  last week written letter to the Senate, intimating the Senators of his reappointment of the governor of CBN, Godwin Emefiele, for another five-year tenure.

President Buhari in a letter addressed to the Senate President, Dr. Bukola Saraki dated May 8th, 2019, said that the reappointment followed the expiration of Emefiele’s first tenure.

The letter entitled “Renewal of the appointment of Godwin  Emefiele as Governor of Central Bank of Nigeria” was received in the Office of the Senate President on May 9th, 2019 The Senate President read the letter on the floor of the Senate.

The letter states: “In view of the expiration of the first tenure of the current Governor of the Central Bank of Nigeria on June 2, 2019, and pursuant to the provisions of Section 8 (1) and (2) of the Central Bank of Nigeria Act 2007, I hereby present for confirmation by the Senate Mr. Godwin I. Emefiele for re-appointment as Governor of the Central Bank of Nigeria for a final term of five (5) years.

“It is my hope that the Distinguished Senate will consider and confirm the nominee in the usual expeditious manner.

“Please accept, Mr. Senate President, the assurances of my highest consideration.”

 

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