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Senate confirms seven CBN’s Monetary Policy Committee members

The Senate has confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN).

The nominees were confirmed on Wednesday following the consideration of a report by the Committee on Banking, Insurance and Other Financial Institutions.

The report was laid and presented by the Chairman of the Committee, Senator Uba Sani (Kaduna Central).

Sani disclosed that the Senate Committee on Banking did not receive any petition against their nominations, adding that the nominees were all cleared by the Nigeria Police Force, Department of State State Services and possess the Code of Conduct Acknowledgment Slip.

Those confirmed by the Senate include Professor Mohammed Adaya Salisu, Dr. Mo’Omamegbe, Professor Michael Obadan, Prof. Festus Adeola Adenikinju, Prof. Aliyu Sanusi Rafindadi, Dr. Robert Asogwa and Alhaji Aliyu Ahmed.

Recall that President Muhammadu Buhari, in a letter addressed to the Senate President, Ahmad Lawan, and dated February 23, 2022, explained that the confirmation and membership renewal request was made pursuant to Section 12(4) of the Central Bank Act, 2007.

Source:rootstv
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