SAN FRANCISCO, March 20, (THEWILL) – The Senate Committee on Banking and Finance has commenced the process of confirming the nominees for the positions of Deputy Governors and members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN).
The nominees, made up of two Deputy Governors and four members of the MPC, were on Monday led to the screening by the Senior Special Assistant to President Buhari on National Assembly Matters, Senator Ita Enang.
This comes months after waiting as a result of the Senate’s decision to refuse screening and confirmation of nominees by President Muhammadu Buhari over the latter’s insistence on keeping Ibrahim Magu as chair of the Economic and Financial Crimes Commission (EFCC).
The Senate, however, reversed its decision last Tuesday and gave its committee the go-ahead for the screening of the CBN nominees whose absence had prevented the Monetary Policy Committee from meeting this year.
Speaking after the screening on Monday, Enang said he is hopeful that the Senate will consider other nominees pending before the senate.
“You can observe that those who are screened now are the two deputy governors, the four nominees of the Monetary Policy Committee. The members of the board are not screened. I know the Senate in its magnanimity will extend that and go ahead to clear other nominees,” he said.
Some of the screening process, Enang explained involves studying the credentials and curriculum vitae of the nominees and adequate questioning.
