Professor Adaya, 6 others, become CBN’s MPC members

Professor Adaya, 6 others, become CBN’s MPC members

The Nigerian Senate has confirmed the nominations of seven members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) following the consideration of a report by the Committee on Banking, Insurance and Other Financial Institutions.

The report was laid and presented by the Chairman of the Committee, Senator Uba Sani (Kaduna Central).

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President Muhammadu Buhari, in the letter, addressed to the Senate President, Ahmad Lawan, and dated February 23, 2022, explained that the confirmation and membership renewal request was made pursuant to Section 12(4) of the Central Bank Act, 2007.

Those confirmed for new appointments by the Senate include Professor Mohammed Adaya Salisu from Yobe State and Dr Mo’Omamegbe.

The other five members of the Committee for renewal are Professor Michael Obadan, Prof. Festus Adeola Adenikinju, Prof. Aliyu Sanusi Rafindadi, Dr Robert Asogwa and Alhaji Aliyu Ahmed.

Senator Uba Sani, in his presentation, said the nominees possess the academic qualifications, technical knowledge and professional experience to be members of the MPC of CBN.

He disclosed that the Senate Committee on Banking did not receive any petition against their nominations, adding that the nominees were all cleared by the Nigeria Police Force, Department of State Services (DSS) and possess the Code of Conduct Acknowledgment Slip.

He stated that one of the nominees, Alhaji Aliyu Ahmed is the Permanent Secretary of the Federal Ministry of Finance, Budget and National Planning and will serve as the representative of the Ministry in the MPC.

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