Buhari seeks confirmation, membership renewal of MPC

President Muhammadu Buhari has asked the Senate to confirm and renew membership of the Monetary Policy Committee, MPC in the Central Bank of Nigeria, CBN.

The confirmation request was contained in a letter dated 23rd February, 2022 and addressed to the Senate President, Dr. Ahmad Lawan.

The letter was read yesterday during plenary by the Senate President.

President Buhari, in the letter explained that the confirmation and membership renewal request was made pursuant to Section 12(4) of the Central Bank Act, 2007.

He also 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.

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Those for renewal include: Prof. Michael Obadan, Prof. Festus Adeola Adenikinju, Prof. Aliyu Sanusi Rafindadi, Dr. Robert Asogwa and Alhaji Aliyu Ahmed.