Senate Endorses Emefiele For Second Term


The senate committee on banking, insurance and other financial institutions has endorsed Central Bank governor, Godwin Emefiele, for second term. 

During Emefiele’s screening on Wednesday, members of the committee dismissed the allegations of stolen N500 billion at the apex bank.

Rafiu Ibrahim, the committee’s chairman, said the allegations were targeted at bringing Emefiele down because he is a good person.

“I do not have any question for the Governor. I am overwhelmed. I wish you well and pray for you. May God continue to guide you.

“Now, we know the reason why there are some videos on social media because in Nigeria, once you are a good person, some people will always try to bring you down. We will expeditiously take a report to the chamber for consideration. You can take a bow,” Ibrahim said.

In his remarks, Emefiele said the CBN will continue to do its best, admitting, however, that “the road ahead is still very tough.”

He said Nigeria has workable policies but “implementation has been neglected because we see sabotaged activities.”

“CBN will ensure that those who seek to undermine the policies of Nigeria will be brought to book. Pray for us because the road ahead is tough,” he added.

“On Agriculture, the credit should go to the President. It was what he said ‘eat what we produce’, that birth the anchor borrowers programme.

“We have started looking at Palm oil. The price of a barrel of palm oil is more than a barrel of crude oil. We will grow that market again. After palm oil, we will focus on cocoa in the south-west.”

President Muhammdu Buhari last week, nominated Emefiele for a second term.


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