President Bola Tinubu has asked the Senate to review and approve the appointments of five individuals as directors of the Central Bank of Nigeria (CBN) board.
Tinubu’s request was communicated in a letter read by Senate President Godswill Akpabio during the plenary session on Tuesday.
The nominated board directors are Robert Agbide, Ado Wanga, Murtala Sagaley, Urom Eke, and Olayinka Aliyu.
Tinubu stated in the letter that his request is in accordance with the provisions of Section 6(1a) and Section 10(1)(2) of the CBN Act, 2007.
“In compliance with the provision of Section 6(1a) of Section 10(1)(2) of the Central Bank of Nigeria (CBN) Establishment Act 2007,” Tinubu wrote.
“I am pleased to present for confirmation by the Senate the appointments of the underlisted five persons as directors of the board of the CBN.”
The CBN governor, Olayemi Cardoso, recently attended a meeting with the Senate Committee on Banking, Insurance, and Other Financial Institutions.
The purpose of the meeting was to discuss various issues that are impacting the Nigerian economy, such as inflation and foreign exchange.
The CBN governor was accompanied by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, as well as the Minister of Budget and National Planning, Atiku Bagudu.
