Senate confirms Obiora as CBN’s Deputy Governor

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The Senate today confirmed the nomination of Dr. Kingsley Obiora for the position of Deputy Governor of the Central Bank of Nigeria (CBN) forwarded to the upper chamber by President Muhammadu Buhari on January 16, 2020.

The confirmation followed the consideration of the report of the Senate Committee on Banking, Insurance and Other Financial Institutions.

The nominee was screened on Wednesday.

Presenting the report, the committee’s chairman, Senator Uba Sani, said the nominee had been actively involved in the process of monetary policy formulation at both the national and international levels.


He said there was no petition against his nomination and therefore recommended his confirmation by the upper legislative chamber.

Dr Obiora had, during the screening, pledged to contribute his quota to enabling the Bank achieve on its mandate.

Dr. Obiora will replace Dr. Joseph Okwu Nnanna, who retires from the Bank on February 2, 2020.