fbpx
Connect with us

News

Senate Moves To Ban CBN Governor, Deputies From Politics

This is coming 17 months after the presidential Nomination and Expression of Interest forms…

Published

on

Cardoso and Senate
Yemi Cardoso and Senate

The Senate on Wednesday considered two bills seeking to ban the Governor of the Central Bank of Nigeria (CBN) and Deputy Governors of the apex bank from participating in politics.

VerseNews reports that the two bills passed a second reading during plenary at the upper chamber.

The Senate passed them after the consideration of two similar bills sponsored by Sunday Karimi, the lawmaker representing Kogi West Senatorial District and Darlington Nwokocha, lawmaker representing Abia Central Senatorial District.

Advertisement

During the debates on the bills, the lawmakers proposed that Section 9 be further amended to insulate the CBN governor and deputies from participating in politics while in service.

Both senators equally proposed that the Auditor-General of the Federation, Chairman of the Federal Inland Revenue Service (FIRS) and Chartered Institute of Bankers in Nigeria (CIBN) be represented on the board of the CBN.

VerseNews understands that this is coming 17 months after the presidential Nomination and Expression of Interest forms of the All Progressives Congress (APC) was purchased for by the former apex bank governor, Godwin Emefiele.

Advertisement

The situation ignited negative reactions from the public, with many Nigerians and groups calling for Emefiele’s resignation or sack by the then President, Muhammadu Buhari.

Despite the outcry, Emefiele maintained his position as the CBN governor until Buhari completed his tenure as President and handed over to his successor, President Bola Tinubu.

Coming on board, Tinubu embarked on reforms in the financial sector by suspending Emefiele from office as well as prosecuting him in court.

WhatsAppCOnnect

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Enroll For Digital Skills

Apply For Latest Job Openings

Trending

Electricity Tariffs Electricity Tariffs
News39 mins ago

BREAKING: Tinubu Government Gives Condition For Reduction Of Electricity Tariffs

The Tinubu government has hinted at a potential reduction in electricity tariffs for Band A customers if the exchange rate...

prophet junior pope prophet junior pope
Entertainment22 hours ago

WATCH: Old Video Of Ghanaian Prophet Warning Junior Pope Of Spiritual Threats Resurfaces Online

An old video shows a Ghanaian prophet warning Nigerian actor Junior Pope about a spiritual threat and potential accident orchestrated...

Tinubu Expresses Sadnessvn Tinubu Expresses Sadnessvn
Education22 hours ago

Tinubu’s Government Promises Half Payment Of Withheld Salaries To University Staff

The Federal Government announced that non-academic university staff will receive half of their withheld salaries if President Bola Tinubu approves...

Junta Suspends Political Party Junta Suspends Political Party
World News23 hours ago

Mali’s Junta Suspends Political Party Activities Indefinitely

"Junta Suspends Political Party": Mali's military junta has suspended all political party activities and associations until further notice, citing public...

Lagos-Calabar Coastal Road Lagos-Calabar Coastal Road
News23 hours ago

Tinubu’s Government To Charge Nigerians N3,000 Per Toll Gate On Lagos-Calabar Coastal Road

The Federal Government announced that Nigerians using the completed Lagos-Calabar Coastal Road will pay an average toll of N3,000 per...

Lower Fuel Prices Lower Fuel Prices
Business1 day ago

Dangote: Refinery’s Lower Fuel Prices Will Help Curb Inflation

Alhaji Aliko Dangote stated that the Dangote Petroleum Refinery will offer lower fuel prices, specifically diesel, which will help reduce...

Junior Pope's burial Junior Pope's burial
Entertainment1 day ago

‘He Must Be Buried Beside The River He Drowned’ – Anam Community Divided Over Junior Pope’s Burial

The Anam community in Anambra State faces a dispute over Junior Pope's burial, with some residents insisting on laying him...

Junior Pope 3 Junior Pope 3
Entertainment1 day ago

‘We Finally Lost Him’ – Actors Guild Confirms Junior Pope’s Death

Junior Pope's death was confirmed by the Actors Guild of Nigeria's president Emeka Rollas, after the actor tragically fell into...

UPDTATE: 'Junior Pope Is Alive' - Actors Guild Confirms UPDTATE: 'Junior Pope Is Alive' - Actors Guild Confirms
Entertainment2 days ago

UPDTATE: ‘Junior Pope Is Alive’ – Actors Guild Confirms

Actors Guild of Nigeria has confirmed that Junior Pope is alive and currently receiving treatment.

Peter Obi's Borehole Peter Obi's Borehole
Entertainment2 days ago

‘His Excellency Sir, I’m Deeply Disappointed’ – Tonto Dikeh Slams Peter Obi’s Borehole Projects

Tonto Dikeh criticizes Peter Obi's borehole projects in Northern states, expressing disappointment in his commitment to Nigeria's progress.

Advertisement