The Senate, on Wednesday ratified the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria.
This came after the red chamber considered the report submitted by the Committee on Banking, Insurance and Other Financial Institutions.
The Chairman of the Committee, Senator Uba Sani said that the nominees possessed academic qualifications, technical knowledge and professional experience to be Members of the Monetary Policy Committee of the Central Bank of Nigeria.
Sani who said that the Senate Committee on Banking did not receive any petition against their nomination, stressed that the nominees were all cleared by the Nigeria Police Force, Department of State Services and possess the Code of Conduct Acknowledgment Slip.
He further said that one of the nominees, Alhaji Aliyu Ahmed is the Permanent Secretary, the Federal Ministry of Finance, Budget and National Planning and will serve as the representative of the Ministry in the Monetary Policy Committee.
In the letter addressed to the Senate President, Ahmad Lawan, and dated February 23, 2022, President Buhari explained that the confirmation and membership renewal request was made pursuant to Section 12(4) of the Central Bank Act, 2007.
The nominees include, Professor Mohammed Adaya Salisu and Dr. Mo’Omamegbe who are new appointees.
Other five members of the Committee for renewal are Professor Michael Obadan, Prof. Festus Adeola Adenikinju, Prof. Aliyu Sanusi Rafindadi, Dr. Robert Asogwa and Alhaji Aliyu Ahmed.
