Senate Rejects President Buhari’s CBN Nominee

By Ikenga Chronicles May 31, 2018

Senate Rejects President Buhari’s CBN Nominee

The Nigerian Senate has rejected Abdu Abubakar, one of the five nominees of President Muhammadu Buhari seeking their confirmation as the non-executive directors of the board of Central Bank of Nigeria(CBN).

The lawmakers, however, confirmed the four other nominees named Ummu Jalingo, Justitia Odinakachukwu, Mike Obadan and Adeola Adetunji.

Giving reasons for the rejection of Mr Abubakar, the lawmakers said they were not satisfied with his responses to their questions.

The chairman of the committee, Rafiu Adebayo (APC, Kwara South), who read out the report to the Senate, described the four confirmed nominees as “very resourceful, diligent, articulate, competent.”

He said the confirmed nominees “will add the needed value to the Central Bank and they answered questions satisfactorily.”

“The nominees have vast knowledge of the CBN act. They have been cleared by CCB and relevant security agencies,” he added.

Mr Ibrahim explained that Abdu Abubakar was not confirmed because “he failed the committee’s integrity test.”

“One of the nominees, Dr Abdu Abubakar failed the integrity test designed by the committee to assess (him); his response to questions lacked transparency and [he is] not worthy to [be]appointed into a regulatory agency by the CBN,” he said.

After the presentation of the report by Mr Ibrahim, the Deputy Senate President, Ike Ekweremadu said the issues surrounding the non-confirmation of Mr Abubakar should be revisited by the committee.