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Wednesday 12 April 2017

President Buhari nominates 5 non-executive directors For CBN board.

President Muhammadu Buhari has forwarded the list of five nominees to the Senate for confirmation as non-executive directors of the board of the Central Bank of Nigeria (CBN). According to Femi Adesina, the special adviser to the president on media and publicity, Buhari forwarded the names to the upper chamber in a letter to Senate president Bukola Saraki on Wednesday, April 12.  The letter to the Senate president contained the following as the nominees and their geo-political zones. 1. Professor Ummu Ahmed Jalingo – north east 2. Professor Justitia Odinakachukwu Nnabuko – south east 3. Professor Mike I. Obadan – south south 4. Dr. Abdu Abubakar – north west 5. Adeola Adetunji – south west.  The recent appointments were in accordance with sections of the CBN Act 2007. The appointments were in accordance with sections 6 (1) (d) and 10 (1) and (2) of the Central Bank of Nigeria (Establishment) Act, 2007.  Meanwhile, it was a moment of surprise for ministers as President Muhammadu Buhari was absent at the Federal Executive Council (FEC) meeting today, Wednesday, April 12, 2017,this is the first time Buhari would be absent from the FEC meeting since March 10 when the president returned from London where he spent weeks on medical vacation. In his absence, the Vice President, Professor Yemi Osinbajo took charge calling on the Minister of Defense, Dan Ali Mansur, to say the Muslim opening prayer, while the Christian prayer was said by the Minister of Trade and Investment, Okechukwu Enelamah. Multiple reports confirmed the president’s absence from the meeting and that the reason was yet to be revealed as there was no official statement. 

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