Senate screens Emefiele as CBN gov tomorrow
THE Senate will tomorrow
(Thursday) begin the formal screening of President Goodluck Jonathan’s nominee,
Godwin Emefiele to replace Sanusi Lamido Sanusi as governor of the Central Bank
of Nigeria (CBN).
The information to this effect was contained in yesterday’s Senate Notice Paper against Thursday where the Senate leader, Victor Ndoma-Egba was scheduled to formally move the motion for the screening and confirmation of the nominee.
Also, the CBN Act is being amended to among others remove a sitting CBN governor from being chairman of the CBN governing board.
The amendment bill has also made the CBN governor answerable to the CBN’s board chairman.
The amendment, which was formally introduced in the Senate yesterday, empowers the President to appoint any person of high integrity as chairman of the board subject to the confirmation of the Senate.
Ndoma-Egba’s motion would also pave way for the screening and confirmation of Adelabu Adebayo Adekola as deputy governor of the CBN as nominated by the President.
Tagged, “Confirmation of nomination”, the motion to be moved by the Senate leader as contained in the Senate Notice Paper against Thursday reads: “That the Senate do consider the request of Mr. President for the confirmation of the following nominees for appointments as Governor of the CBN and Deputy Governor of the CBN respectively, in accordance with section 8(1) and (2) of the CBN Act of 2007.”
According to the Senate standing rule, the nominees would be screened by the Senate Committee on Banking and a report presented to the Senate in plenary for adoption or otherwise.
However, it was learnt that some senators are seeking a waiver to the Senate rule to allow the nominees to be screened by the whole Senate in chamber.
Nominating Emefiele to the Senate for confirmation last February, Jonathan had said: “In view of the fact that the tenure of the current governor of the Central Bank of Nigeria Nigeria (CBN) will end on June 1, 2014, and pursuant to the provisions section 8(1) and (2) of the CBN Act, 2007, I hereby forward the name of Mr. Godwin I. Emefiele for kind consideration and confirmation by the Senate of the Federal Republic of Nigeria for appointment as Governor of the Central Bank of Nigeria (CBN).”
The information to this effect was contained in yesterday’s Senate Notice Paper against Thursday where the Senate leader, Victor Ndoma-Egba was scheduled to formally move the motion for the screening and confirmation of the nominee.
Also, the CBN Act is being amended to among others remove a sitting CBN governor from being chairman of the CBN governing board.
The amendment bill has also made the CBN governor answerable to the CBN’s board chairman.
The amendment, which was formally introduced in the Senate yesterday, empowers the President to appoint any person of high integrity as chairman of the board subject to the confirmation of the Senate.
Ndoma-Egba’s motion would also pave way for the screening and confirmation of Adelabu Adebayo Adekola as deputy governor of the CBN as nominated by the President.
Tagged, “Confirmation of nomination”, the motion to be moved by the Senate leader as contained in the Senate Notice Paper against Thursday reads: “That the Senate do consider the request of Mr. President for the confirmation of the following nominees for appointments as Governor of the CBN and Deputy Governor of the CBN respectively, in accordance with section 8(1) and (2) of the CBN Act of 2007.”
According to the Senate standing rule, the nominees would be screened by the Senate Committee on Banking and a report presented to the Senate in plenary for adoption or otherwise.
However, it was learnt that some senators are seeking a waiver to the Senate rule to allow the nominees to be screened by the whole Senate in chamber.
Nominating Emefiele to the Senate for confirmation last February, Jonathan had said: “In view of the fact that the tenure of the current governor of the Central Bank of Nigeria Nigeria (CBN) will end on June 1, 2014, and pursuant to the provisions section 8(1) and (2) of the CBN Act, 2007, I hereby forward the name of Mr. Godwin I. Emefiele for kind consideration and confirmation by the Senate of the Federal Republic of Nigeria for appointment as Governor of the Central Bank of Nigeria (CBN).”
In his bid to return to office before June, 2014 when his tenure was supposed
to lapse, Sanusi had dragged President Goodluck Jonathan before an Abuja
Federal High Court in a suit he filed to challenge his suspension from office.
Sanusi asked the court to restrain the President, the Attorney General of the Federation and the Inspector General of Police from giving effect to his purported suspension from office as the CBN governor, pending the determination of the suit.
He equally asked the court to make an order of interlocutory injunction restraining the defendants “from obstructing, disturbing, stopping or preventing him, in any manner whatsoever, from performing the functions of his office as the Governor of the Central Bank of Nigeria and enjoying in full, the statutory powers and privileges attached to the office.”
The CBN amendment bill, which is being sponsored by Senator Ita Enang, and went through the first reading on the floor of the Senate yesterday also reduced the powers of a sitting CBN governor by amending section 7(1) of the existing act, which stated that, “The CBN governor shall be in charge of the day-to-day management of the bank.”
But the proposed amendment stated that the governor shall be in charge of the general administration of the affairs and business of the bank and shall be answerable to the board for his acts and decisions.
The amendment bill also specifically stated that:
“The board shall consist of ‘The Chairman who shall be appointed by the President subject to confirmation by the Senate and shall be a person of proven integrity credited with expertise in financial regulation.”
The existing Act in its section 6(2) specifically made a sitting CBN governor the chairman of the board.
Sanusi asked the court to restrain the President, the Attorney General of the Federation and the Inspector General of Police from giving effect to his purported suspension from office as the CBN governor, pending the determination of the suit.
He equally asked the court to make an order of interlocutory injunction restraining the defendants “from obstructing, disturbing, stopping or preventing him, in any manner whatsoever, from performing the functions of his office as the Governor of the Central Bank of Nigeria and enjoying in full, the statutory powers and privileges attached to the office.”
The CBN amendment bill, which is being sponsored by Senator Ita Enang, and went through the first reading on the floor of the Senate yesterday also reduced the powers of a sitting CBN governor by amending section 7(1) of the existing act, which stated that, “The CBN governor shall be in charge of the day-to-day management of the bank.”
But the proposed amendment stated that the governor shall be in charge of the general administration of the affairs and business of the bank and shall be answerable to the board for his acts and decisions.
The amendment bill also specifically stated that:
“The board shall consist of ‘The Chairman who shall be appointed by the President subject to confirmation by the Senate and shall be a person of proven integrity credited with expertise in financial regulation.”
The existing Act in its section 6(2) specifically made a sitting CBN governor the chairman of the board.
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