Senate confirms Emefiele for 2nd term as CBN governor

Senate confirms Emefiele for 2nd term as CBN governor

The Senate on Thursday, May 16, confirmed Godwin Emefiele as governor of the Central Bank of Nigeria (CBN) for a second term that will last for five years.

The confirmation by the Senate came after the presentation of the report of its committee on banking, insurance and other financial Institutions by Rafiu Adebayo on Thursday, May 16.

The Senate on Tuesday, May 14, asked the committee to consider the request by President Muhammadu Buhari for Emefiele's reappointment.

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Earlier, Legit.ng reported that Emefiele who is the governor of CBN appeared before the Senate committee on banking, insurance and other financial institution for screening.

Emefiele appeared for the screening session on Wednesday, May 15. The screening is coming following the mandate given to the committee by the Senate plenary.

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The committee is being chaired by Senator Rafiu Ibrahim (PDP, Kwara). Emefiele, who was first appointed as CBN governor on June 2, 2014, is due to end his first term on June 2, 2019.

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Source: Legit Newspaper

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