Senate Confirms CBN Governor Cardoso as MPC Chairman

Nigeria’s Senate on Thursday confirmed the nomination of Olayemi Cardoso as Chairman of the Monetary Policy Committee of the Central Bank of Nigeria (CBN).

Also confirmed for appointment as members of the MPC are: Muhammad Sani Abdullahi, CBN deputy governor), Bala M. Bello (CBN deputy governor), Emem Usoro (CBN deputy governor), Philip Ikeazor (CBN deputy governor), Lamido Yuguda, (DG Securities and Exchange Commission), Jafiya Lydia Shehu, (Permanent Secretary, Ministry of Finance),  Murtala Sabo Sagagi (CBN director) Alloycius Uche Ordu, Aku Pullen Odukemelu, Mustapha Akinwunmi and Bamidele A.G. Amoo.”

President Bola Tinubu had on Wednesday named the Governor of the CBN, Cardoso as Chairman and 11 others as members of the MPC.

Tinubu had in his letter of nomination to the Senate, said his action was in line with the provisions of Section 12 of the Central Bank of Nigeria (CBN) Act 2007.

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