CBN: Senate Confirms Kingsley Obiora Appointment As Deputy Governor

President Muhammadu Buhari had on January 16, nominated Dr Obiora and asked the Senate to confirm his appointment as the Deputy Governor of the CBN. In a letter to President of the Senate, Ahmad Ibrahim Lawan, President Buhari said the nomination was in accordance with the provision of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007.

Chairman Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Uba Sani and his team screened him and said the nominee had been actively involved in the process of monetary policy formulation at both the national and international levels. He said there was no petition against his nomination and therefore recommended his confirmation by the Senate.

"When Dr Obiora appeared before the Committee for screening he was asked a wide range of technical questions. In his response to the questions raised, Obiora exhibited a deep and extensive understanding of the Nigerian economy and pledged to work closely with other management staff of the Central Bank of Nigeria (CBN) to strengthen our monetary policies in order to fast-track our economic recovery efforts," Senator Uba Sani explained.

The Senate also confirmed the nomination of Barr. Zhikrullahi Hassan as chairman of the National Hajj Commission of Nigeria and other nominees of the commission.

Their confirmations followed the consideration of the report of the Senate Committee on Foreign Affairs presented by its chairman Senator Adamu Bulkachuwa.