Senate to screen CBN Deputy Governor nominees


The Senate on Tuesday resolved to screen for confirmation nominees for the positions of Deputy Governor of the Central Bank of Nigeria and members of the Monetary Policy Committee (MPC).

Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Rafiu Ibrahim, raised a point of order at the plenary to urge the upper chamber to lift their embargo on confirmation of appointments by President Muhammadu Buhari.

Ibrahim said the non-confirmation of the deputy governors of the CBN and members of the MPC was negatively affecting the economy, especially foreign investments.

The lawmakers unanimously granted the prayer.