- The apex bank had in January 2024 dissolved the boards and managements of several banks
President Bola Tinubu has formally requested the Senate to confirm the appointments of five individuals as directors of the Central Bank of Nigeria board.
The names were presented in a letter to Senate President Godswill Akpabio and read during Tuesday’s plenary session.
The President emphasized that the nominations align with the provisions of Section 6, subsection 1b, and Section 10, Subsections 1 and 2 of the CBN Establishment Act, 2007. He urged the lawmakers to conduct the necessary screening and confirmation process for the appointees.
He wrote, “I am pleased to present for confirmation by the Senate, the appointment of the under-listed five persons as Directors of the Board of Central Bank of Nigeria.
“Robert Agbide, Ado Wanga, Muritala Sagaley, Urom Eke and Olayinka Aliyu.
“While hoping that the request will receive the expeditious consideration of the Senate, please accept the distinguished Senate President, the assurance of my highest regards.”
The apex bank had in January 2024 dissolved the boards and managements of Union Bank of Nigeria, Keystone Bank and Polaris Bank over alleged corporate governance infractions and non-compliance with regulatory requirements.
This came barely three weeks after the Special Investigator on the CBN and Related Entities, Jim Obazee, submitted its final report to Tinubu.
Meanwhile, Tinubu had in July 2023, appointed a special investigator to probe the CBN.
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