SENATE CONFIRMS FOUR OF FIVE CBN BOARD OF DIRECTORS

Senate on Thursday, February 29, confirmed four out of five nominees as members of the Board of Directors of the Central Bank of Nigeria.

At a sitting on Thursday, February 29, 2024, the Upper Chamber said the approval was under sections 6(1), (2) (d) and 10 of the Central Bank of Nigeria Act, 2007.

The confirmation follows the submission and consideration of a report by the Chairman of the Committee on Banking, Insurance & Other Financial Institutions, Sen. Adetokunbo Abiru representing Lagos East.

Initially, the candidates billed to appear before the Upper Chamber were Robert Agbede, Ado Yakubu Wanka, Professor Murtala Sabo Sagagi-Urum, Kalu Eke, and Muslimat Olanike Aliyu.

However, the Chairman of Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Adetokunbo Abiru in his report, explained that only four ( Robert Agbede, Ado Yakubu Wanka, Professor Murtala Sabo Sagagi and Muslimat Olanike Aliyu) out of the five nominees had appeared for the screening exercise.