Senate to Conduct Confirmation Processes for CBN Deputy Govs, MPC Members

Damilola Oyedele in Abuja

The Senate has decided to conduct the confirmation processes for President Muhammadu Buhari’s nominees for Deputy Governors of the Central Bank of Nigeria, and for members of the Monetary Policy Committee (MPC).

The sudden u-turn by the Senate is due to a need to allow the apex bank effectively play its role in developing the National economy.

It therefore made a concession for the nominees, from its resolution not to confirm nominees not specifically listed in the 1999 constititon, as a fallout of the Senate,Executive impasse on the non confirmation of the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu.

Details to follow