Politics
Senate confirms Emefiele for another term of five years
The Senate has confirmed the re-appointment of the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, for another term of five years.
Emefiele’s re-appointment was confirmed on Thursday after he was grilled for a few hours by the lawmakers on Wednesday.
Senate Committee on Banking, Insurance and other Financial Institutions had on Tuesday received the executive communication for renewal of Emefiele’s appointment.
President Muhammadu Buhari on May 8 wrote to the Senate to seek approval for re-appointment of Emefiele for another five-year term as CBN governor.
Emefiele’e second tenure was given approval despite allegations of money laundering of about N500 billion.
An audio recording recently surfaced of Emefiele and other top CBN executives discussing the apex bank’s depleted balance sheet and shareholders’ fund.
But CBN in a statement said that the discussion was on loans to state governments which negatively affected its balance sheet.
It also said that contrary to the narrative that the discussion was about a fraudulent transaction, the beginning of the conversation was omitted to create a different impression.
-
News21 hours ago
JUST IN: Panic as Dana airplane skids off Lagos airport runway
-
Metro23 hours ago
Junior Pope: Prophet Fufeyin gifts boat accident survivor N2m
-
News19 hours ago
Abuja school bullying victim not my daughter – Daniel Bwala
-
News21 hours ago
UNN lecturer allegedly caught pants down with student
-
News22 hours ago
Lead British School condemns bullying incident, promises action
-
News22 hours ago
10 killed as Malaysian helicopters collide mid-air
-
Politics23 hours ago
Budget padding: You’re Not Alone, Atiku backs suspended Senator Ningi
-
News15 hours ago
Abuja school turns blind eyes to bullying – Lead British students