Nigerian Senate confirmed the appointment of Godwin Emefiele for a second term of five years as the governor of the Central Bank of Nigeria (CBN) on Thursday.
The confirmation of Emefiele appointment came after the Senate has considered the reports of its Committee on Banking, Insurance and Other Financial Institutions on the Renewal of the Appointment of Emefiele as CBN Governor as presented by the chairman of the committee., Rafiu Adebayo.
“On behalf of the Senate, let me congratulate the Governor of the Central Bank, Mr. Godwin Emefiele on the renewal of his appointment," Saraki said in a tweet on Thursday.
“We wish him a useful tenure and may he use this opportunity to continue to provide support to ensure that the economy of our country continues to improve and address the important area of ensuring microeconomic stability."
Saraki had last week on the floor of the Senate read a letter from President Mohammadu Buhari nominating Emefiele for a second term of five years as the governor of the country's regulatory bank.
Emefiele was first appointed on June 3, 2014, by the then President Goodluck Jonathan to replace Lamido Sanusi, now Emir of Kano, who was suspended over his allegation that $20 billion was missing in the account of the state-run oil firm NNPC.
Emefiele reappointment was a surprise to the entire financial world who had predicted a change in the regulatory bank's leadership next month.
Also, his reappointment was a shift from the trend since the advent of democracy in 1999, as all CBN governors from Joseph Sanusi to Lamido Sanusi served only one term in office.
However, presidency sources said Emefiele was given a second chance because of his policy support to the present government.
His confirmation by the Senate came despite a leaked audio tape revealing some anomalies in the 2018 balance sheet of the regulatory bank
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