Senate confirms 7 members of CBN Monetary Policy Committee

The Senate, Wednesday, confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN).

The confirmation of the nominees followed the consideration of a report by the Committee on Banking, Insurance and Other Financial Institutions.

The report was laid and presented by the Chairman of the Committee, Senator Uba Sani (Kaduna Central).

President Buhari, in the letter addressed to the Senate President, Ahmad Lawan, and dated 23rd February, 2022, explained that the confirmation and membership renewal request was made pursuant to Section 12(4) of the Central Bank Act, 2007.

Those confirmed by the Senate are Professor Mohammed Adaya Salisu and Dr. Mo’Omamegbe – both of whom are new appointments.

The other five members of the committee for renewal are Professor Michael Obadan, Prof. Festus Adeola Adenikinju, Prof. Aliyu Sanusi Rafindadi, Dr. Robert Asogwa and Alhaji Aliyu Ahmed.

Senator Sani, in his presentation, said the nominees possessed the academic qualifications, technical knowledge and professional experience to be Members of the Monetary Policy Committee of the Central Bank of Nigeria.

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