The Nigerian Senate on Tuesday approved that the nominees for the positions of Deputy Governor of the Central Bank of Nigeria and members of the Monetary Policy Committee be screened for confirmation. The decision followed a point of order raised by the Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Rafiu Ibrahim at the plenary on Tuesday.
He urged the lawmakers to lift their embargo on confirmation of appointments by President Muhammadu Buhari stressing that the non-confirmation of the deputy governors of the CBN and members of the MPC was negatively affecting the economy, especially foreign investments.
His prayer was unanimously granted by the Senators.
