Forces against the reappointment of Central Bank of Nigeria (CBN) Governor Godwin Emefiele have stepped up pressure on the Senate to reject his confirmation.
The upper legislative chamber will, this week, officially commence the processing of President Muhammadu Buhari’s request to have the apex bank boss clinch another five-year term.
It was learnt yesterday that the nomination might be referred to the Senate Committee on Banking, Insurance and Other Financial Institutions.
Senate President Bukola Saraki had on Thursday read Buhari’s letter seeking approval for Emefiele’s reappointment. The president, in the letter, noted that Emefiele’s first term would expire June 2 and sought confirmation of his reappointment, pursuant to the provisions of Section 81(2) of the CBN Act 2007. Read more