Breaking: After Naira Redesign, Buhari Makes Crucial CBN Appointments

Breaking: After Naira Redesign, Buhari Makes Crucial CBN Appointments

  • President Muhammadu Buhari has nominated Aisha Ndanusa Ahmad and Edward Adamu as CBN governors
  • Buhari made the nominations and forwarded the names to the Senate for screening and confirmation
  • Also, the president nominated Ambassador Ayuba Ngbako as a member of the Revenue Mobilization Allocation and Fiscal Commission

Abuja - President Muhammadu Buhari has nominated Edward Adamu, the director of human resources as the deputy governor of the Central Bank of Nigeria (CBN).

Also, the president on Tuesday, December 6, nominated Aisha Ndanusa Ahmad as the apex bank's deputy governor in another department, Vanguard reports.

President Buhari
Buhari's nominations are subject to the Senate's approval (Photo: Buhari Sallau)
Source: Facebook

The president's nominations letters were read by Senate president Ahmad Lawal during plenary on Tuesday.

In the letter, President Buhari sought the confirmation of the nominees after its screening exercise.

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Buhari stated that his decision was in line with the provisions of Section 8(1) (2) of the Central Bank of Nigeria (CBN) (Establishment) Act 2007.

In another letter, Buhari urged the red chamber to confirm his nomination of Ambassador Ayuba Ngbako from the Federal Capital Territory (FCT) as a member of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC).

Naira redesign: Buhari reveals why ₦1000, ₦500, ₦200 Notes were changed in Nigeria

President Muhammadu Buhari had expressed satisfaction with the redesigned naira notes, which were locally produced by the Nigerian security printing and minting (NSPM) limited.

The president made his excitement known at the unveiling of the newly redesigned currencies, which was done before the federal executive council (FEC) meeting on Wednesday, November 23.

Buhari, CBN: What is the name of the company that designed Nigeria's new naira notes?

Buhari disclosed that the new banknotes have been strengthened with security features, making counterfeit difficult to produce.↳

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He maintained that the redesigned currencies will empower the central bank of Nigeria (CBN) to design and implement stronger money policy objectives and that it will enrich Nigeria's heritage.

President Buhari also commended the governor of the CBN, Godwin Emefiele, and his deputy for coming up with the initiative

Naira redesign: 2 northern governors, 1 southerner planning to pay workers’ salaries in cash, EFCC reveals earlier reported that EFCC chairman, Abdulrasheed Bawa, had revealed that about three sitting governors in Nigeria are planning to pay their state workers' salaries in cash.


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