Senate refers screening of CBN nominees to committee
By Senate has referred the screening of five non-executive directors of the Board of Central Bank of Nigeria (CBN) to its Committee on Banking, Insurance and other Financial Institutions.
The nominees are: Ummu Jalingo (North East), Justina Nnabuko (South East), Mike Obadan (South South), Abdu Abubakar (North West) and Adeola Adetunji (South West).
Senate president, Bukola Saraki, who presided over the session on Wednesday, mandated the Rafiu Ibrahim-led panel to report back in two weeks.
Senate majority leader, Ahmad Lawan, moved the motion for the screening of the nominees. The confirmation of appointment of the nominees, he said, is in accordance with Sections 6(1) (d) and 10(1) and (2) of the CBN Act, 2007.
The motion was seconded by Senate minority leader, Goodwill Akpabio.
It would be recalled that in April 2017, Buhari requested the confirmation of the appointment of five non-executive directors of the Board of CBN.
The Senate, however, refused to confirm the appointment due to a resolution in 2016, against the then acting President Yemi Osinbajo that the Senate lacked powers to confirm Ibrahim Magu as chairman of Economic and Financial Crimes Commission (EFCC).
However, the upper legislative chamber soft-pedalled in March 2018, and confirmed the appointment of two deputy governors of the bank and three members of the Monetary Policy Committee (MPC).
Last week, the chairman, Senate Committee on Local and Foreign Debts, Shehu Sani, urged his colleagues to lift the embargo on screening and confirmation of appointment of the five apex bank nominees.
Citing Order 43 of the Senate Standing Orders 2015 (as amended), the lawmaker said the unavailability of the nominees had limited the functions of the apex bank.
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