Home Banking & Finance Senate confirms four members of CBN’s board of directors

Senate confirms four members of CBN’s board of directors

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The Senate has confirmed the appointment of four persons, Robert Agbede, Ado Wanka, Murtala Sagagi and Muslimat Olanike, as members of the board of directors of the Central Bank of Nigeria (CBN).

This followed the adoption of the Senate Committee on Banking, Insurance and Other Financial Institutions report at the Committee of the Whole on Thursday.

Presenting the report, the committee chairman, Abiru Adetounboi, said four of the five nominees appeared for screening, while the fifth, Urum Eke, failed to appear.

He said their nomination was in accordance with the provisions of sections 6 1 and 2 (d) and 10 of the Central Bank of Nigerian Act, 2007.

He said that the committee’s findings indicated that the appointment was in accordance with the provisions of section six of the CBN Act 2007.

He said the appointment of the nominees was in tandem with the provision of section 10 of the act, which required that the president, in appointing them, shall have due regard to four representations on the financial, agriculture, industrial, and commercial interests and principle of Federal Character.

He said the nominees possessed the knowledge, expertise and professional experiences to be members of the board of CBN, saying that the committee did not receive any petition against their nomination.

He said the nominees were cleared by the police and possessed the Code of Conduct acknowledgement slips.

He urged the Senate to confirm their appointment.

(NAN)

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