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Godwin Emefiele Re-appoints for another Five years

Godwin Emefiele Re-appoints for another Five years

Do you know that Godwin Emefiele began operation as the CBN Governor under the administration of the Ex-President Jonathan? Oh Yes! Emefiele was appointed by former President Goodluck Jonathan on June 3, 2014, after Mrs. Sarah Alade served out the tenure of former CBN governor Lamido Sanusi.
He has once been appointed as Central Bank of Nigeria (CBN) Governor for a five-year tenure by President Muhammadu Buhari. This obviously has nothing to do with sharing formula, he has just been rewarded for good job especially been part of the theme which led the country out of the turbulent economic weather.
The news of his reappointment was broken when Senate President Bukola Saraki read a letter from the President yesterday, 26 days ahead of the expiration of Emefiele’s five-year tenure on June 2.
In the letter dated May 8, President Buhari said Emefiele’s reappointment followed the expiration of his first tenure.
He urged the upper chamber of the National Assembly to confirm the CBN boss for a fresh tenure.
The letter, read by Dr. Saraki on the floor of the Senate, was titled: “Renewal of the appointment of Godwin I. Emefiele as Governor of Central Bank of Nigeria.”
It was received in the Office of the Senate President yesterday.
The letter reads: “In view of the expiration of the first tenure of the current Governor of the Central Bank of Nigeria on June 2, 2019, and pursuant to the provisions of Section 8 (1) and (2) of the Central Bank of Nigeria Act 2007, I hereby present for confirmation by the Senate Mr. Godwin I. Emefiele for re-appointment as Governor of the Central Bank of Nigeria for a final term of five (5) years.
“It is my hope that the Distinguished Senate will consider and confirm the nominee in the usual expeditious manner.
“Please accept, Mr. Senate President, the assurances of my highest consideration.”

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