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Tuesday, March 21, 2023

Senate Clears Buhari’s CBN Director Nominees for Confirmation, Says Uba Sani

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By Abdulwaheed Olayinka Adubi, Kaduna

The Chairman Senate Committee on Banking, Insurance and Other Financial Institutions, Sen. Uba Sani, has disclosed that President Muhammadu Buhari’s nominees have been cleared for confirmation as Non-Executive Directors of the Central Bank of Nigeria (CBN).

According to the Lawmaker in a statement issued on Monday, he explained that four Non-Executive Directors were screened.

The four screened Non-Executive Directors are; Prof. Mike Idiahi Obadan, Prof. Justitia Odinakachukwu Nnabuko, Prof. Ummu Ahmed Jalingo and Mr. Adeola Adetunji,” this according to the statement.

The lawmaker further explained that the nominees were asked a wide range of questions on the mandate of the CBN, the challenges it is facing, and the current situation in the banking and financial sectors.

Part of the questions asked was how to build a strong synergy between the monetary and fiscal authorities, and how to get Nigeria out of its present economic difficulties.

Sen. Uba Sani who is also the Kaduna State APC governorship flag bearer for 2023, noted that ” the screening session was robust and interactive.

He added that the nominees exhibited high levels of understanding of the Nigerian economy as well as the challenges, intricacies and opportunities of the Nigerian financial sector.

According to Sen. Uba Sani, no petition was received in respect of any of the nominees.

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