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Senate confirms Emefiele as CBN Gov for another five year term

The Senate has just confirmed Dr. Godwin Emefiele as Governor of the Central Bank of Nigeria for a second term.

Recall that Emefiele had been screened by the Senate Committee on Banking, Insurance and Other Financial Institutions on Wednesday.

During the screening, he was grilled in issues affecting Nigeria’s economy.

The screening exercise came after the mandate given by President of the Senate, Bukola Saraki, to the committee at the plenary on Tuesday. The committee was given one week to carry out the screening and report back to the Senate.

Emefiele, who was appointed as CBN Governor on June 2, 2014, is due to end his first term on June 2, this year.

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