The Nigerian Senate on Tuesday shunned scathing allegations of corruption in the public space to commence the screening of Godwin Emefiele on the renewal of his appointment as Governor of Central Bank of Nigeria (CBN) for a second five year tenure.
The exercise followed a motion under executive communication in the Red Chamber moved by the Senate Leader, Ahmed Lawan and seconded by Senator Philip Aduda (PDP-FCT) atTuesday’s plenary presided over by Senate President Bukola Saraki in Abuja.
President Muhammadu Buhari had on Wednesday, May 8, 2019, wrote The Senate on his decision to re-appoint Emefiele as CBN governor for a second term of five years when his first tenure expires on June 2.
According to the letter; ”In view of the expiration of the first tenure of the current Governor of the Central Bank of Nigeria on June 2, 2019, and pursuant to the provisions of Section 8 (1) and (2) of the Central Bank of Nigeria Act 2007, I hereby present for confirmation by the Senate Mr Godwin I. Emefiele for re-appointment as governor of the Central Bank of Nigeria for a final term of five (5) years.”
“It is my hope that the Distinguished Senate will consider and confirm the nominee in the usual expeditious manner” the President said in his letter
Commencing their legislative work at Tuesday plenary, Senator Lawan (APC-Yobe) presented the executive communication, captured on item one of the Orders of the Day, to the lawmakers.
According to him; “I present the executive communication to the house, that the Senate do consider the request of Mr President C-in-C on the renewal of the appointment of Gowdin I. Emefiele as Governor of the Central Bank of Nigeria in accordance with Section 8(1) and (2) of the CBN Act 2007.”
After it was seconded by Aduda, the Senate president referred the executive request to the Senate Committee on Banking and Finance for further legislative action.
The Committee has been directed to report back to plenary within the week. – NAN