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Published On: Fri, Mar 23rd, 2018

Senate confirms 3 MPC nominees, 2 CBN deputy govs

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  • Rejects nominee Maidugu

By Ikechukwu Okaforadi and Musa Adamu

Senate has confirmed three out of the four nominees of the Monitory Policy Committee (MPC) of the Central Bank of Nigeria (CBN), as well as the two Deputy Governors of the CBN recently nominated by President Muhammadu Bihari.
Recall that the MPC meeting where the members of the board usually take financial decisions that are critical to the nation’s economy, had been put on hold due to the inability of the MPC to form a quorum for a meeting, sequel to Senate non confirmation of the nominees.
The MPC nominees confirmed yesterday were: Adeola Adenikinju, Aliyu Sanusi and Robert Asogwa. It however, rejected Asheikh Maidugu, as senators who screened him said they were dissatisfied with his responses to their questions.
The two CBN deputy Governors nominees screened and confirmed by the senate were: Aishah Ahmad, from Niger state, and Edward Lametek Adamu, from Gombe.
These were sequel to the receipt of the screening report of the Senate Committee on Banking, Insurance and other Financial Institutions.
The chairman of the committee, Rafiu Adebayo (APC, Kwara South), while reading out the report to the senate, said “the three confirmed nominees are very resourceful, diligent, articulate, competent and will add the needed value in the operations of the MPC.”
He urged the senate to accept and confirm the screened nominees as recommended by the committee, adding that one of the nominees, Asheikh Maidugu, was rejected because the committee was not satisfied by his response to the independence required for each member of the MPC.
The committee is “concerned that a regular civil servant ladened with bureaucracy and red-tapism may not be independent in his judgement on each crucial decision of the MPC that affects directly the whole economy”, he said.
The Senate leader, Ahmed Lawan, thereafter moved that the executive provide a replacement for the rejected nominee and the resolution was adopted by the senate.
The Senate President, Bukola Saraki, while ruling on the confirmation, said it was a welcome development for the CBN to allow an insider to emerge as the deputy governor of the apex bank, contrary to the subsisting trend.
To this end, he urged the newly confirmed nominees to put in their best to salvage the Nigerian economy from recession by consolidating its successes over the past few years, adding that they should endeavor to maintain cordial working relationship with the National Assembly.
The Senate had, last week, resolved to make a concession to carry out the confirmation process for the two Deputy Governors of the Central Bank and other members of the Monetary Policy Committee, after earlier resolving not to consider all such nominees until Ibrahim Magu is removed as acting chairman of the anti-graft EFCC.
The resolution was sequel to a deliberation of a point of order raised by Rafiu Ibrahim (APC, Kwara South) urging members of the Senate to confirm the nominees for the sake of the economy of the nation.

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