Senate Confirms Emefiele As CBN Governor For Second Term

Godwin Emefiele
Godwin Emefiele

The Senate, Thursday, confirmed Dr. Godwin Emefiele as Governor of the Central Bank of Nigeria for another five-year term.

Emefiele was screened by the Senate Committee on Banking, Insurance and Other Financial Institutions, on Wednesday during which 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.

President Muhammadu Buhari had last week written to the Senate requesting confirmation  of Emefiele as CBN Governor for another five years.