Senate Confirms Ayogu As CBN Board Member

The Senate has confirmed the appointment of Professor Melvin Ayogu as a member of Central Bank of Nigeria’s (CBN) Board of Directors.

The approval on Tuesday, followed the presentation and consideration of a report by the Senate Committee on Banking, Insurance, and Other Financial Institutions, chaired by Senator Adetokunbo Abiru (APC, Lagos East).

Presenting the report, Senator Osita Izunaso (APC, Imo West) stated, “The Senate has received and considered the report of the Committee on Banking, Insurance, and Other Financial Institutions on the confirmation of the nomination of Prof. Melvin Damian Ayogu for appointment as a member of the Board of Directors, Central Bank of Nigeria.”

LEADERSHIP reports that President Bola Tinubu had on Tuesday last week requested the Senate to consider and confirm Professor Ayogu’s nomination.

In a letter read by Senate President Godswill Akpabio during plenary, President Tinubu stated, “In compliance with the provisions of Section 10(1) of the Central Bank of Nigeria (CBN) Establishment Act, 2007, I am pleased to present, for confirmation by the Senate, the appointment of Prof. Melvin D. Ayogu as a member of the Board of Directors of the Central Bank of Nigeria. His Curriculum Vitae is attached herewith.

“The Senate is kindly invited to note that this nominee will complete the composition of the Board of Directors as provided by Section 6 of the CBN Act, 2007.”