Tinubu asks senate to confirm Cardoso, CBN deputy governors as chair, members of MPC

President Bola Tinubu has asked the senate to confirm Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), as chair of the monetary policy committee (MPC).

The president also named Mohammed Sani Abdullahi, Bala Bello, Emem Usoro, and Philip Ikeazor, deputy governors of the apex bank, as members of the committee.

Tinubu’s request, which was premised on section 12 of the CBN Act, was contained in a letter read by Senate President Godswill Akpabio on the floor of the red chamber on Wednesday.

“In accordance with the provisions of section 12 of the Central Bank of Nigeria (CBN) Act of 2007, I am pleased to present for confirmation by the senate, the appointments of the underlisted 12 persons as chair and members of the monetary policy committee (MPC) of the CBN,” the president said.

Other members of the MPC appointed by Tinubu are Lamido Yuguda, director-general of Securities and Exchange Commission (SEC); Jibia Shehu, permanent secretary of the ministry of finance; Murtala Sabo; Uche Wogu; Maureen Agu; Mustapha Akinwumi; and Bamidele Omo.

Akpabio referred the president’s request to the senate committee on banking for further legislative input.