Breaking: Senate Screens Emefiele for CBN Second Term

The Senate Committee on Banking, Insurance and other Financial Institutions on Wednesday commenced the screening of Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN) for a second term.

This comes following the mandate given to the committee on Tuesday by the Senate at plenary after President Muhammadu Buhari last week nominated Emefiele for another term as head of the apex bank.

The committee was given one week to carry out the screening and report back to the Senate. The committee, chaired by Sen. Rafiu Ibrahim (PDP, Kwara), commenced the screening at noon on Wednesday.

Emefiele, who was appointed as CBN Governor on June 2, 2014, is due to end his first term on June 2, this year, until his nomination by Buhari for another five-year term.

The screening session was ongoing as at the time of filing this report.

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