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Senate Screens CBN Governor, Emefiele

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The Senate Committee on Banking, Insurance and other Financial Institutions have begun the screening of Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN) for a second term.

This is following a mandate given to the committee on Tuesday by the Senate at plenary.

The committee was given one week to carry out the screening and report back to the Senate.

The committee, chaired by Sen. Rafiu Ibrahim (PDP, Kwara), commenced the screening at noon on Wednesday.

Emefiele, who was appointed as CBN Governor on June 2, 2014, is due to end his first term on June 2, this year.

President Muhammadu Buhari had last week written to the Senate requesting that Emefiele be confirmed as CBN governor for a second term of five years.