Monetary Policy Committee members when confirmed and renewed by the Senate will be seven in number
By Kehinde Okeowo
The Senate has received a request from President Muhammadu Buhari seeking the confirmation and renewal of members of the Monetary Policy Committee in the Central Bank of Nigeria.
The confirmation request was contained in a letter dated 23rd February 2022.
The letter was read during plenary by the Senate President, Ahmad Lawan.
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President Buhari, in the letter addressed to the Senate President, explained that the confirmation and membership renewal request was made pursuant to Section 12(4) of the Central Bank Act, 2007.
The President requested the confirmation of two new nominees and renewal of five members of the Monetary Policy Committee.
The two new nominees for confirmation are Prof. Mohammed Adaya Salisu and Dr. Mo’Omamegbe.
Those for renewal include Prof. Michael Obadan, Prof. Festus Adeola Adenikinju, Prof. Aliyu Sanusi Rafindadi, Dr. Robert Asogwa, and Alhaji Aliyu Ahmed.
Meanwhile, the Senate also received a letter from President Muhammadu Buhari seeking an amendment of section 84 (2) subsection 12 in the 2021 Electoral Act.
In the letter, the President wants the National Assembly to amend section 84 (2) Sub-section 12 which states that no political appointee shall be a voting delegate or be voted for at the convention or congress of any political party for the purpose of the nomination of any candidate for an election.