The Senate today lifted the embargo it placed on confirmation of President Muhammadu Buhari's nominees to accommodate the screening of CBN deputy governors.
Senate
The Senate Presided over by Senate President Bukola Saraki today 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.
This comes following pleas by the Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Rafiu Ibrahim, who raised a point of order at the plenary on Tuesday urging lawmakers to lift their embargo on confirmation of appointments by President Muhammadu Buhari.
Ibrahim said the non-confirmation of the deputy governors of the CBN and members of the MPC was negatively affecting the economy, especially foreign investments.
The lawmakers unanimously granted the prayer.