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Senate Approve Five CBN Nominees, Rejects One

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The Senate has confirmed the appointment of Mrs. Aisha Ahmad and Mr. Edward Adamu as substantive deputy governors of the Central Bank of Nigeria (CBN), along with three members of the Monetary Policy Committee (MPC).

The confirmed members of the MPC includes; Professor Adeola Festus Adenikinju; Dr. Aliyu Rafindadi Sanusi; and Dr. Robert Chikwendu Asogwa, while Dr. Asheikh Maidugu, a nominee was rejected.

The confirmation by the senate has drawn to an end the suspense that enveloped the nomination of some of the appointees before the screening exercise.

The confirmation has given a fresh hope for the resumption of regular meetings of CBN’s monetary policy members and a renewed confidence for investors, after two consecutive meetings were called off for lack of quorum.

The continued rejection of Maidugu, according to CBN, was on the ground that his present position as “a regular civil servant ladened with bureaucracy and red-tapism may not be independent in his judgment on each crucial decision of the MPC that affects directly the whole economy.”

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