{"id":17985,"date":"2019-05-16T17:48:49","date_gmt":"2019-05-16T17:48:49","guid":{"rendered":"https:\/\/everyday.ng\/?p=17985"},"modified":"2019-05-16T17:48:49","modified_gmt":"2019-05-16T17:48:49","slug":"senate-confirms-emefieles-reappointment-as-cbn-governor","status":"publish","type":"post","link":"https:\/\/everyday.ng\/?p=17985","title":{"rendered":"Senate confirms Emefiele\u2019s reappointment as CBN Governor"},"content":{"rendered":"<p>By Taiye Agbaje\u00a0(<strong>NAN<\/strong>)<br \/>\nThe Senate, on Thursday, confirmed the renewal of appointment of Mr Godwin Emefiele as the Central Bank of Nigeria (CBN) Governor, for a second term.<br \/>\nThis followed the adoption of report of the Committee on Banking Insurance and Other Financial Institutions at plenary presided over by Senate President Bukola Saraki in Abuja.<br \/>\nThe News Agency of Nigeria (NAN) reports that President Muhammadu Buhari had, on May 8, written a letter to the senate on his reappointment of Emefiele for a second term of five years as CBN governor.<br \/>\nThe Senate, on May 7, commenced legislative work on the request when Senate Leader, Ahmed Lawan presented the executive communication to the lawmakers.<br \/>\n\u201cI present the executive communication to the house, that the Senate do consider the request of Mr President on the renewal of the appointment of Godwin Emefiele as Governor of the Central Bank of Nigeria in accordance with Section 8(1) and (2) of the CBN Act 2007,\u201d he said.<br \/>\nAfter it was seconded by Sen. Philip Aduda (PDP-FCT), the senate president referred the executive request to the Committee on Banking and Finance for further legislative action which was to report back to within a week.<br \/>\nThe committee had, on Wednesday, screened Emefiele, giving him a clean bill of record.<br \/>\nAt the Thursday\u2019s plenary, the Chairman of the committee, Sen. Rafiu Ibrahim (PDP-Kwara), presented the committee\u2019s report before the Senate.<br \/>\nReading the report, which is on item one of the Presentation and Consideration of Reports on the Order Paper, the lawmaker said: \u201cI presented this report, that the Senate do receive and consider the report of the Committee on Banking, Insurance and Other Financial Institutions on the appointment of Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN).\u201d<br \/>\nHe said the renewal of the appointment of the apex bank\u2019s chief was well deserved.<br \/>\nHe said Emefiele had maintained a stable interest rate and ensured effective management of the foreign exchange regime.<br \/>\n\u201cHe also initiated and established several policies and programmes which have positive effect on the economy,\u201d he said.<br \/>\nAfter Sen. Chukwuka Utazi (PDP-Enugu) seconded the motion, the senate president put it on a voice vote and the lawmakers, without any objection, unanimously supported it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Taiye Agbaje\u00a0(NAN) The Senate, on Thursday, confirmed the renewal of appointment of Mr Godwin Emefiele as the Central Bank of Nigeria (CBN) Governor, for a second term. This followed the adoption of report of the Committee on Banking Insurance and Other Financial Institutions at plenary presided over by Senate President Bukola Saraki in Abuja. [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":17743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-17985","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"_links":{"self":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/17985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17985"}],"version-history":[{"count":0,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/17985\/revisions"}],"wp:attachment":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}