The Senate
has confirmed the appointment of Mrs. Aisha Ahmad and Mr. Edward Adamu as
substantive deputy governors of the Central Bank of Nigeria (CBN), along with
three members of the Monetary Policy Committee (MPC).
The
confirmed members of the MPC are Professor Adeola Festus Adenikinju; Dr. Aliyu
Rafindadi Sanusi; and Dr. Robert Chikwendu Asogwa, while the nomination of Dr.
Asheikh Maidugu, was rejected.
Their
confirmation has put to an end the high level of suspense that heralded the
nomination of some of the appointees prior to the screening exercise.
The
confirmation has given a fresh hope for the resumption of regular meetings of
CBN’s monetary policy members and a renewed confidence for investors, after two
consecutive meetings were called off for lack of quorum.
The
continued rejection of Maidugu, according to CBN, was on the ground that his
present position as “a regular civil servant ladened with bureaucracy and
red-tapism may not be independent in his judgment on each crucial decision of
the MPC that affects directly the whole economy.”
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