Senate approves nomination of Obiora as CBN Deputy Gov.

The Senate on Wednesday approved the nomination of Kingsley Isitua Obiora as Deputy Governor of the Central Bank of Nigeria.
President Muhammadu Buhari had asked the Senate to okay the nomination of Obiora as Deputy Governor of the Central Bank of Nigeria.
Buhari’s request was contained in a letter addressed to the Senate President, Ahmad Lawan which was read in plenary on Tuesday. The letter was dated January 16, 2020.

Buhari had said the request for confirmation of Obiora was in accordance with the provisions of Section 8(1)(2) of the Central Bank of Nigeria (CBN) (Establishment) Act 2007.
“I have the pleasure to present Dr. Kingsley Isitua Obiora for confirmation as Deputy Governor of the Central Bank of Nigeria,” Buhari stated.

The Senate had after considering the letter, referred it to the committee on banking and finance for proper screening of the nominee.
On Wednesday, Obiora was screened by the Senate committee upon which the report was presented to the Senate on Thursday.
Presenting the report in plenary on Thursday, chairman Senate committee on banking and finance,  Senator Sani Musa explained that the committee did not find any petition against Obiora during it findings.
Musa further stated that the screening committee further found that instead, Obioara has vast knowledge of banking and financial experience and recommended him for confirmation.
Senate President, Ahmad Lawan put the confirmation of Obiora to vote and the Senators unanimously approved it.