Senate Lifts Embargo On CBN Deputy Governor, MPC Members

Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Rafiu Ibrahim, raises a point of order at the plenary on Tuesday to urge lawmakers to lift their embargo on confirmation of appointments by President Muhammadu Buhari.

Ibrahim said the non-confirmation of the deputy governors of the CBN and members of the Monetary Policy Committee (MPC) was negatively affecting the economy, especially foreign investments.

The lawmakers unanimously granted the request, thereby approving that the nominees for the positions of Deputy Governor of the Central Bank of Nigeria and members of the MPC be screened for confirmation.

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