Nigeria

President Buhari makes fresh appointment, names Obiora as new CBN deputy governor

Thursday, January 16, 2020 at 6:30 PM by Wale Akinola

- President Muhammadu Buhari has nominated Kingsley Obiora as the new deputy governor of CBN

- Obiora would replace the current occupier of the seat, Joseph Nnanna, who is due for retirement

- Until his nomination, Obiora is AED at IMF, Washington DC

President Muhammadu Buhari has nominated Kingsley Obiora as the new deputy governor of the Central Bank of Nigeria (CBN).

Legit.ng reports that a statement issued by the presidential spokesman, Femi Adesina, on Thursday, January 16, indicated that the president had already forwarded a letter nominating Obiora to the president of the Senate, Ahmad Lawan.

The statement said that if confirmed by the Senate, Obiora, who is an Alternate Executive Director at the Washington DC office of the International Monetary Fund (IMF), would be replacing Joseph Nnanna, who would retire on February 2, 2020.

“President Muhammadu Buhari has sent the name of Dr Kingsley Obiora to the Senate for confirmation as deputy governor of the CBN.

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President Buhari makes fresh appointment, names Obiora new CBN deputy governor — President Muhammadu Buhari
Source: Facebook

“In a letter to president of the Senate, Ahmad Ibrahim Lawan, President Buhari said the nomination was in accordance with the provision of section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007.

“Dr Obiora, upon confirmation by the Senate, replaces Dr Joseph Nnanna, who retires on February 2, 2020. Dr Obiora holds a Bachelor’s degree in Economics and Statistics from the University of Benin, a Masters in Economics from the University of Ibadan, and a Doctorate in Monetary and International Economics, also from the University of Ibadan," the statement said.

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Meanwhile, Legit.ng had previously reported that President Buhari approved new appointments for parastatals under the ministry of communications and digital economy.

It was reported that Femi Adesina said in a statement that the appointment was part of the president’s desire of fast-tracking the targets and mandate of the ministry.