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Senate Confirms Emefiele’s Reappointment As CBN Gov

The Senate has confirmed Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN) for a second term of five years.

The decision of the Upper legislative chamber followed the report of the Senate Committee on Banking, Insurance and other Financial Institutions presented by Senator Rafiu Adebayo during Thursday’s plenary.

Emefiele was first appointed by former President Goodluck Jonathan in 2014 and was retained after the President assumed office in 2015.

Senate President, Dr Bukola Saraki, while congratulating Emefiele advised the CBN governor to use his second term in office to improve Nigeria’s economy.

According to him: “On behalf of the Senate, let me congratulate the Governor of the Central Bank, Mr Godwin Emefiele on the renewal of his appointment”.

“We wish him a useful tenure and may he use this opportunity to continue to provide support to ensure that the economy of our country continues to improve and address the important area of ensuring micro-economic stability.”

Emefiele’s reappointment comes barely 24 hours after the Senate Committee cleared him during a screening session on Wednesday where he was and asked some questions relating to the nation’s economy.

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