The Senate has confirmed Godwin Emefiele as Governor of the Central Bank of Nigeria, CBN for a second term of five years.
This followed the adoption of the report of the Senate Committee on Banking, Insurance and other Financial Institutions presented by Senator Rafiu Adebayo during Thursday’s plenary.
In his remarks, the Senate President, Bukola Saraki, urged the CBN governor to use his second term to improve Nigeria’s economy.
He said, “On behalf of the Senate, let me congratulate the Governor of the Central Bank, Godwin Emefiele on the renewal of his appointment.”
Emefiele’s reappointment came one day after the Senate Committee cleared him during a screening session where he was and asked some questions relating to the nation’s economy.
On May 8, President Muhmmdu Buhari informed the Senate in a statement that he has decided to nominate the CBN governor for a second term.