Tinubu Seeks Senate’s Confirmation For Five CBN Board Directors

President Bola Tinubu has asked the Senate to confirm five people as Directors of the Board of the Central Bank of Nigeria (CBN).

Naija News reports that Tinubu’s request was contained in a letter read by Senate President Godswill Akpabio on the floor of the upper legislative chamber on Tuesday.

In his letter, President Tinubu emphasized the importance of the Senate’s prompt screening and confirmation of the nominees, highlighting that their selection was meticulously done in adherence to the legal frameworks governing appointments to the CBN board.

Specifically, the nominations were made in accordance with Section 6, subsection 1b, and Section 10, Subsections 1 and 2 of the CBN Establishment Act, 2007.

Akpabio named the Directors of the board as Robert O. Agbide, Ado Yakubu Wanga, Murtala Sagaley, Urom Eke, and Olayinka Aliyu.

The President’s move to nominate these directors comes at a critical time for Nigeria’s financial sector, as the Central Bank plays a pivotal role in shaping the country’s economic policies and monetary stability.

He wrote, “I am pleased to present for confirmation by the Senate, the appointment of the under-listed five persons as Directors of the Board of Central Bank of Nigeria.

“Robert Agbide, Ado Wanga, Muritala Sagaley, Urom Eke and Olayinka Aliyu.

“While hoping that the request will receive the expeditious consideration of the Senate, please accept the distinguished Senate President, the assurance of my highest regards.”