Senate Confirms 3, Rejects 1 CBN Monetary Policy Committee Nominees

The Senate on Thursday confirmed three nominees for appointment
as members of the Monetary Policy Committee (MPC) of the Central
Bank of Nigeria (CBN).

Those confirmed for the appointment are Prof. Adeola Adenikinju,
Dr Aliyu Sanusi and Dr Robert Asogwa.

The confirmation followed the consideration and adoption of the
screening report of Senate Committee on Banking,
Insurance and other Financial Institutions.

The committee was mandated on March 14 to screen the nominees
following President Muhammadu Buhari’s request that they be
confirmed.

Presenting the report during plenary, Chairman of the Committee,
Sen. Rafiu Adebayo, said that it recommended the rejection of one
of the nominees, Dr Asheikh Maidugu.

According to Adebayo, the committee was dissatisfied with his
response to the dependence required for each member of the MPC.

“The committee is concerned that a regular civil servant laden
with bureaucracy may not be independent in his judgment on each
crucial decisions of the MPC that affect directly the whole
economy.’’

Also, the senate confirmed the nomination of Mrs Aisha Ahmad and
Mr Edward Adamu for appointment as deputy governors of the CBN.

The Senate on Thursday confirmed three nominees for appointment
as members of the Monetary Policy Committee (MPC) of the Central
Bank of Nigeria (CBN).

Those confirmed for the appointment are Prof. Adeola Adenikinju,
Dr Aliyu Sanusi and Dr Robert Asogwa.

The confirmation followed the consideration and adoption of the
screening report of Senate Committee on Banking,
Insurance and other Financial Institutions.

The committee was mandated on March 14 to screen the nominees
following President Muhammadu Buhari’s request that they be
confirmed.

Presenting the report during plenary, Chairman of the Committee,
Sen. Rafiu Adebayo, said that it recommended the rejection of one
of the nominees, Dr Asheikh Maidugu.

According to Adebayo, the committee was dissatisfied with his
response to the dependence required for each member of the MPC.

“The committee is concerned that a regular civil servant laden
with bureaucracy may not be independent in his judgment on each
crucial decisions of the MPC that affect directly the whole
economy.’’

Also, the senate confirmed the nomination of Mrs Aisha Ahmad and
Mr Edward Adamu for appointment as deputy governors of the CBN.