Senate asks Financial Institutions Committee to screen Emefiele

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The Senate Committee on Banking, Insurance and other Financial Institutions has been asked by the leadership of the Senate to screen Godwin Emefiele as governor of the Central Bank of Nigeria (CBN).

This followed the nomination of Emefiele for a second term of five years by President Muhammadu Buhari.

At Tuesday’s plenary, Senate Leader Sen Ahmad Lawan (APC, Yobe) moved for the consideration of Emefiele’s nomination.

Deputy Minority Leader Sen Philip Aduda (PDP, FCT) seconded the motion. Consequently, Senate President Bukola Saraki referred the nomination to the banking, insurance and other financial institutions’ committee to screen the nominee and report back in one week.

The CBN governor is expected to complete his first tenure on June 2, having being appointed on the same date in 2014 by former president Goodluck Jonathan.

The committee has one week to screen the CBN governor and report back to the Senate for further action.

Buhari said the Senate should consider and clear the CBN governor for the apex bank’s position.



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