Breaking: Senate confirms Godwin Emefiele for second term as CBN Gov

Breaking: Senate confirms Godwin Emefiele for second term as CBN Gov

The Senate has confirmed the reappointment of the governor of the Central Bank, Godwin Emefiele.

This followed the presentation of the report of the Committee on Banking, Insurance and Other Financial Institutions, during the plenary, on Thursday, May 16 on the renewal of the Appointment of Godwin Emefiele as Governor Central Bank of Nigeria by the committee Chairman Senator Rafiu Adebayo.

The Senate President, Bukola Saraki, speaking on the development, said: “On behalf of the Senate, let me congratulate the Governor of the Central Bank, Mr Godwin Emefiele on the renewal of his appointment”.

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Emefiele’s reappointment came one day after the Senate Committee cleared him during a screening session where he was and asked some questions relating to the nation’s economy.

On May 8, President Muhammadu Buhari informed the Senate in a statement that he has decided to nominate the CBN governor for a second term.

In response to the request, the Senate referred to its Committee on Banking, Insurance and other Financial Institutions, and asked it to report back within one week.

The CBN governor was first appointed by former President Goodluck Jonathan in 2014 and was retained after the President assumed office in 2015.

It is the first time since 1999, when Nigeria returned to democracy, that anyone would be nominated to serve two terms as CBN governor.

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