Tinubu writes Senate, seeks confirmation of CBN board of directors
President Bola Tinubu has asked the Senate to screen and confirm five persons appointed as directors of the board of the Central Bank of Nigeria (CBN).
The president’s request was contained in a letter read by the Senate President, Godswill Akpabio, during the plenary on Tuesday.
The appointed board directors are; Robert Agbide, Ado Wanga, Murtala Sagaley, Urom Eke and Olayinka Aliyu.
In the letter, Mr Tinubu said his request was in compliance with the provision of section 6(1a) and section 10(1)(2) of the CBN Act, 2007.
“In compliance with the provision of section 6(1a) of the section 10(1)(2) of the Central Bank of Nigeria (CBN) Establishment Act 2007,” the president wrote.
“I am pleased to present for confirmation by the senate the appointments of the underlisted five persons as directors of the board of the CBN.”
Robert O. Agbide
Ado Yakubu Wanga
Murtala Sagaley
Urom Eke
Olayinka Aliyu.
Last Friday, the CBN Governor, Olayemi Cardoso, appeared before the Senate Committee on Banking, Insurance and Other Financial Institutions to discuss inflation, foreign exchange and other issues affecting the Nigerian economy.
The CBN governor appeared before the lawmakers in the company of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the Minister of Budget and National Planning, Atiku Bagudu.
READ ALSO: CBN fails to account for $4.5bn in Foreign Reserves — Audit Report
During the meeting, Mr Cardoso announced that the central bank would no longer grant Ways and Means to the federal government unless the outstanding balance is settled. He said that the bank’s position was to control the inflation index.
Ways and Means is a loan facility through which the Central Bank of Nigeria finances the federal government’s budget shortfalls.
Support PREMIUM TIMES’ journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
Donate
TEXT AD: Call Willie – +2348098788999
President Bola Tinubu has asked the Senate to screen and confirm five persons appointed as directors of the board of the Central Bank of Nigeria (CBN).
The president’s request was contained in a letter read by the Senate President, Godswill Akpabio, during the plenary on Tuesday.
The appointed board directors are; Robert Agbide, Ado Wanga, Murtala Sagaley, Urom Eke and Olayinka Aliyu.
In the letter, Mr Tinubu said his request was in compliance with the provision of section 6(1a) and section 10(1)(2) of the CBN Act, 2007.
“In compliance with the provision of section 6(1a) of the section 10(1)(2) of the Central Bank of Nigeria (CBN) Establishment Act 2007,” the president wrote.
“I am pleased to present for confirmation by the senate the appointments of the underlisted five persons as directors of the board of the CBN.”
Robert O. Agbide
Ado Yakubu Wanga
Murtala Sagaley
Urom Eke
Olayinka Aliyu.
Last Friday, the CBN Governor, Olayemi Cardoso, appeared before the Senate Committee on Banking, Insurance and Other Financial Institutions to discuss inflation, foreign exchange and other issues affecting the Nigerian economy.
The CBN governor appeared before the lawmakers in the company of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the Minister of Budget and National Planning, Atiku Bagudu.
READ ALSO: CBN fails to account for $4.5bn in Foreign Reserves — Audit Report
During the meeting, Mr Cardoso announced that the central bank would no longer grant Ways and Means to the federal government unless the outstanding balance is settled. He said that the bank’s position was to control the inflation index.
Ways and Means is a loan facility through which the Central Bank of Nigeria finances the federal government’s budget shortfalls.
Support PREMIUM TIMES’ journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
Donate
TEXT AD: Call Willie – +2348098788999
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.