The Senate yesterday confirmed the nomination of seven members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN).
Those confirmed included Mohammed Adaya Salisu and Mo’Omamegbe, both of whom are newly appointed members.
Other five members of the committee for renewal are Michael Obadan, Festus Adeola Adenikinju, Aliyu Sanusi Rafindadi, Robert Asogwa, and Aliyu Ahmed.
The confirmation followed the consideration of a report of the Committee on Banking, Insurance and Other Financial Institutions, which was presented by its Chairman, Uba Sani (APC-Kaduna).
President Muhammadu Buhari, had in the letter to the Senate dated February 23, said the confirmation and membership renewal request was made pursuant to Section 12(4) of the Central Bank Act, 2007.
In his presentation, Sani said the nominees possessed the academic qualifications, technical knowledge and professional experience to be members of the CBN Monetary Policy Committee.
He informed that his Committee did not receive any petition against their nominations, adding that the nominees were all cleared by the Nigeria Police Force, and the State Security Services (SSS), and also possessed the Code of Conduct Bureau acknowledgment slip.
According to him, one of the nominees, Aliyu Ahmed, the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, will serve as the representative of the Ministry in the MPC.
The nominees possessed the academic qualifications, technical knowledge and professional experience to be members of the CBN Monetary Policy Committee.