The Senate has just confirmed Dr. Godwin Emefiele as Governor of
the Central Bank of Nigeria for a second term.
Emefiele had been screened by the Senate Committee on Banking,
Insurance and Other Financial Institutions, on Wednesday during
which he was grilled in issues affecting Nigeria’s economy.
The screening exercise came after the mandate given by President
of the Senate, Bukola Saraki, to the committee at the plenary on
Tuesday. The committee was given one week to carry out the
screening and report back to the Senate.
Emefiele, who was appointed as CBN Governor on June 2, 2014, is
due to end his first term on June 2, this year.
President Muhammadu Buhari had last week written to the Senate
requesting that Emefiele be confirmed as CBN Governor for a second
term of five years.
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