Senate Approves Emefiele’s Second Term Tenure

👤 Danjuma Aliyu, Editorial Director, DENISAURUS News

The Senate on Thursday confirmed Godwin Emefiele’s second term tenure as the governor of the Central Bank of Nigeria.

The nomination of Mr Emefiele, 57, who was first appointed in 2014 and retained by President Buhari in 2015, was approved after a report from the Committee on Banking, Insurance and other Financial Institutions was deliberated on.

The 57-year-old whose first term tenure is to expire in June, will now be in office for another five years.

Rafiu Ibrahim, the chairman of the committee cited Mr Emefiele’s “more than 32 years’ experience with outstanding performance,” as reasons for his approval.

This is the first CBN governor since 1999 to have gotten a second tenure.

“On behalf of the Senate, let me congratulate the Governor of the Central Bank, Mr. Godwin Emefiele on the renewal of his appointment,” Bukola Saraki, the President of the eight senate said after the confirmation of the nomination made by President Muhammadu Buhari last week.

Sitting in the eight senate comes to an end next month. The upper chamber presided by Senator Saraki, a former Governor of Kwara, was able to confirm most appointees of the Executive, except for Ibrahim Mustafa Magu, who the Department of State Services, DSS described as a “perennial offender,” and “a liability to the fight against corruption.”

READ ALSO : DG DSS Stands By Intelligence Report Indicting Magu, Source Says (EXCLUSIVE)


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