Politics

Why CBN board nominee rejected offer – Orji Kalu

Why CBN board nominee rejected offer – Orji Kalu

 

A South-East nominee from Abia State, Urom Eke, as a member of the board of directors of the Central Bank of Nigeria (CBN) has turned down the offer.

He was one of the five nominees for CBN board slated for confirmation at the Senate on Thursday.

Orji Uzor Kalu, senator representing Abia north, said Eke told him that he did not appear for screening because it would be a “conflict of interest”.

“He told me that it will be a conflict of interest because he is a consultant at the World Bank,” he said.

The Senate however confirmed four other nominees after South-East representative rejected his nomination.

The nominees were confirmed after Tokunbo Abiru, chairman of the Senate Committee on Banking, presented a report.

The confirmed nominees are Robert Agbede, Ado Yakubu Wanga, Murtala Sagagi, and Olanike Aliyu.

President Bola Tinubu had asked the upper legislative chamber to confirm the nominees.

While presenting his report, Abiru said the fifth nominee did not appear before his committee for screening.

He said the other four nominees met the requirements expected of them.

“Four out five appeared for screening. C was not present for the screening,” the lawmaker said.

“They exhibited understanding and grasp of the economy.

“The appointments are in accordance with the CBN Act. The nominees possessed the expertise to be members of the board of CBN. The nominees were cleared by the security agencies.”

Trends Admin

Recent Posts

BREAKING: Super Eagles qualify for AFCON 2025

BREAKING: Super Eagles qualify for AFCON 2025 The Super Eagles of Nigeria have secured their…

11 hours ago

Disaster averted as bird strike hits Abuja-Lagos Air Peace flight

Disaster averted as bird strike hits Abuja-Lagos Air Peace flight    An Abuja-Lagos flight was…

12 hours ago

NNPC achieves 1.8mbpd crude oil production

NNPC achieves 1.8mbpd crude oil production The Nigerian National Petroleum Company Limited (NNPC Ltd) and…

13 hours ago

BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year

BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year The federal government has unveiled…

13 hours ago

EFCC arrests ex-NCMB boss over $35m energy project fraud

EFCC arrests ex-NCMB boss over $35m energy project fraud The Economic and Financial Crimes Commission (EFCC)…

13 hours ago

FG gets fresh $134m loan from AfDB for agric projects

FG gets fresh $134m loan from AfDB for agric projects The Federal Government has secured a…

13 hours ago