Buhari Re-appoints Emefiele As CBN Governor For Final 5 Years

Godwin Emefiele

President Muhammadu Buhari has re-appointed the governor of Central Bank of Nigeria, Godwin Emiefele, for a final five-year term.

Emefiele was first appointed by former President Goodluck Jonathan in 2014 and was retained after Buhari assumed office in 2015. It is the first time since 1999, when Nigeria returned to democracy, that anyone would be nominated to serve two terms as CBN governor.

Buhari’s letter seeking the Senate’s approval for his reappointment of Mr Emefiele was read out by the Senate President, Bukola Saraki, at the close of plenary on Thursday.

The president, in the letter, said Mr Emefiele’s first term will expire on June 2 and sought confirmation of his reappointment, pursuant to the provisions of Section 81(2) of the CBN Act 2007.

He said the CBN governor’s reappointment will be for a second and final tenure of five years.

Mr Buhari said he hoped the request would receive the usual expeditious consideration of the Senate.