Senate confirms five CBN nominees, rejects one

The senate has confirmed five nominees of the Central Bank of Nigeria (CBN).

Those confirmed are Aisha Ahmad and Edward Lametek as deputy governors and Adeola Adenikinju, Aliyu Sanusi and Robert Asogwa as members of the monetary policy committee (MPC).

The nominees were confirmed after Rafiu Ibrahim, chairman senate committee on banking, insurance and financial institutions, presented a report at the red chamber on Thursday.

Asheikh Maidudgu was the only one rejected by the lawmakers.

The upper legislative chamber had initially refused to confirm the nominees, stalling the MPC meeting of the apex bank in January and March.

The lawmakers had said the only condition to confirm nominees of President Muhammadu Buhari is for the federal government to sack Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC) in line with their recommendation.

But two weeks ago, the senate hinted that the nominees would be screened.

After this, Godwin Emefiele, CBN governor, disclosed that the first MPC meeting of 2018 had been fixed for April 3.