Senate Approves Four Candidates For CBN’s Board Of Directors

FourofPresidentBolaTinubu’sfivenominationsfortheCentralBankofNigeria’s(CBN)boardofdirectorswereapprovedbytheSenateonThursday. Thenominationsweresatisfactorilyscreened,accordingtoareportthattheLagosEastSenatorialDistrict’sSenatorMikhailAdetokunboAbiru,thechairmanoftheCommitteeonBanking,Insurance,andOtherFinancialInstitutions,submittedtotheChambers. Accordingtothelawmaker,PresidentTinubu’snominationofthemwascompliantwithCBNActSection6(1)(10)(D).

Abiruinformedhiscolleagues,whilehewasawaitingtheirconfirmation,thattherewasnopetitionagainstanyofthenominees,thattheDepartmentofStateService,DSS,orNigeriaPolicehadnotissuedanysecurityreportsregardingthem,andthattheyhadcompliedwiththerequirementsoftheCodeofConductBureau. “HeaddedthatthenomineespossessindustryknowledgeandthecapacitytoserveontheCBNboard,”hestated. Inthemeantime,UrumKaluEke,aconstituentofSenatorOrjiUzorKaluoftheAbiaNorthSenatorialDistrict,withdrewhimselffromconsiderationforthepositionduetoadifferentcommitmenttotheWorldBank.

He said: “Mr President and Distinguished Colleagues, Mr Urum is my constituent and he called to say, there will be a conflict of interest in his nomination as CBN board director.

“That he wishes to decline, while he has already informed the Governor of the Central Bank of Nigeria.”

After contributions, the Deputy Senate President, Jibrin Barau who presided over the plenary confirmed the nominees through a voice vote: The nominees confirmed are:

1. Mr Robert Agbede
2. Mr Ado Yakubu Wanka
3. Professor Muritala Sabo Sagagi
4. Mrs Muslimat Olanike Aliyu.