- Abiru said all the nominees of President Bola Tinubu appeared before the Committee and were thoroughly screened, adding that they were not indicted by the DSS report, Police findings as well as the Code of Conduct Bureau report.
- The Senate President commended the Chairman and members of the Committee for an expeditious report of the screening exercise which he said highlighted their competence.
The nomination of Olayemi Cardoso to head the Central Bank of Nigeria’s Monetary Policy Committee (MPC) was approved by the Senate on Thursday, February 22.
Aku Pullen Odukemelu, Mustapha Akinwunmi, Lamido Yuguda (DG Securities and Exchange Commission), Jafiya Lydia Shehu (Permanent Secretary, Ministry of Finance), Murtala Sabo Sagagi (CBN director), Alloycius Uche Ordu, Aku Pullen Odukemelu, and Bamidele A.G. Amoo are also confirmed for appointment as members of the MPC. Additionally, Muhammad Sani Abdullahi, a deputy governor of the CBN, Bala M. Bello, Emem Usoro, Philip Ikeazor, and Lamido Yuguda are confirmed as members of the MPC.
The resolution of the Senate followed its consideration and approval of the report of its Committee on Finance, Banking, Insurance and Other Financial Institutions led by Senator Tokunbo Abiru (APC – Lagos East), on the screening of the nominees.
President Bola Tinubu had on Wednesday named the Governor of the CBN, Cardoso as Chairman, and 11 others as members of the MPC.
Tinubu had in his letter of nomination to the Senate, said is action was in line with the provisions of Section 12 of the Central Bank of Nigeria (CBN) Act 2007.
Senate President Godswill Akpabio in his remarks commended President Tinubu for assembling men and women of great expertise for appointment into the MPC of the CBN.
He called on the MPC members-designate to use their expertise to redirect the monetary policy of the CBN for the good of the country.