Tinubu appoints Cardoso as MPC chair, seeks Senate’s confirmation

President Bola Ahmed Tinubu has appointed the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, as the chairman and 11 others as members of the newly constituted Monetary Policy Committee (MPC) of the apex bank.

Tinubu announced the appointment in a letter addressed to the Senate President Godswill Akpabio and read during Wednesday’s plenary. 

Also, Tinubu appointed Dr Kelechi Ohiri as the Director General, National Health Insurance Authority (NHIA). 

The president also nominated Honorable Yomi Fasua to replace Honorable Kunle Sobukola who was earlier confirmed by the Senate for appointment as Commissioner of the National Population Commission representing Ogun State.

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He urged the Senate to confirm the appointments expeditiously.

Tinubu’s letter on the Monetary Policy Committee of the CBN reads in part: “In accordance with the provisions of Section 12 of the Central Bank of Nigeria (CBN) Act 2007, I am pleased to present for confirmation by the Senate the appointments of the under-listed 12 persons as chairman and members of Monetary Policy Committee of the Central Bank of Nigeria. 

“Olayemi Cardoso, CBN governor, chairman; Muhammad Sani Abdullahi, CBN deputy governor, (member); Bala M. Bello, CBN deputy Governor (member); Emem Usoro, CBN deputy governor (member); Philip Ikeazor, CBN deputy governor  (member); Lamido Yuguda, DG Securities and Exchange Commission (member); Lydia Shehu Jafiya, Permanent Secretary, Ministry of Finance (member);  Muritala Sabo Sagagi, CBN director (member); Aloysius Uche Odu (member); Aku Pullen Odukemelu (member); Mustapha Akinwunmi (Member) and Bamidele A.G. Amuh (member).”

Akpabio, thereafter, referred Tinubu’s confirmation requests to the relevant Senate committees for further legislative action and to report back in one week.