President Bola Tinubu has written to the Senate to request its nod to confirm the appointment of a Chairman and members for the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC).
Tinubu’s request was conveyed in a letter addressed to the President of the Senate, Godswill Akpabio and read at plenary on Wednesday.
Tinubu in the letter titled “Constitution of Monetary Policy Committee for the Central Bank of Nigeria (CBN)” said the request was in accordance with the provisions of section 12 of CBN Act 2007.
“I am pleased to present for confirmation by the Senate the confirmation of the underlisted 12 persons as Chairman and members of the Monetary Policy Committee of the Central Bank of Nigeria.”
Tinubu in the letter listed the 12 persons to include the CBN Governor, Dr Olayemi Cardoso as Chairman; Muhammad Abdullahi, Bala Bello, Emem Usoro and Philip Ikeazor, all CBN Deputy Governors as members.
Others include Lamido Yuguda, Director General, Security and Exchange Commission; Jafia Lydia Shehu, Permanent Secretary, Federal Ministry of Finance; Muritala Sabo, CBN Director; Aloysius Uche, Agu Paulin, Mustapha Akinwumi, and Bamidele Amon also as members.
“While hoping that the request will receive the expeditious consideration of the Senate, please accept the distinguished Senate President, the assurance of my highest regards,” Tinubu said.
Akpabio thereafter referred the request to Committees on Finance Banking, Insurance and other Financial Institutions for further legislative inputs and report back to plenary in one week.