Senate panel endorses Emefiele for second time period, dismisses ‘stolen’ N500bn allegation


The senate committee on banking, insurance coverage and different monetary establishments has authorized of a second time period for Godwin Emefiele, governor of the Central Financial institution of Nigeria (CBN).

Whereas screening Emefiele on Wednesday, members of the committee dismissed the allegations of stolen N500 billion on the apex financial institution.

Rafiu Ibrahim, its chairman, mentioned the allegations had been focused at “bringing you (Emefiele) down as a result of  you might be  particular person”.

Final week, President Muhammadu Buhari nominated Emefiele for a second time period.

Throughout the screening, the committee expressed satisfaction over Emefiele’s first tenure on the CBN.

In keeping with Ibrahim, “I shouldn’t have any query for the Governor. I’m overwhelmed. I want you effectively and pray for you. Might God proceed to information you.

“Now, we all know the explanation why there are some movies on social media as a result of in Nigeria, as soon as you’re a good particular person, some individuals will all the time attempt to carry you down. We are going to expeditiously take a report back to the chamber for consideration. You’ll be able to take a bow.”

Kurfi Umaru representing Katsina central additionally recommended the CBN governor for “a job effectively completed.”

“Let me begin by congratulating the governor for his second time period and in addition congratulate you to your article presentation. I commend you for a job effectively completed,” he mentioned.

Philip Aduda from FCT mentioned: “Mine is to want you effectively and to hope to God almighty to grant you knowledge in an effort to put the financial system of this county on a pedestal of hope and prosperity. Congratulations.”


In his remarks, the Emefiele mentioned the apex financial institution will proceed to do its finest, admitting, nevertheless, that “the street forward continues to be very powerful.”

He mentioned Nigeria has workable insurance policies however “implementation has been uncared for as a result of we see sabotaged actions.”

“CBN will be certain that those that search to undermine the insurance policies of Nigeria will likely be dropped at e book. Pray for us as a result of the street forward is hard,” he mentioned.

“On Agriculture, the credit score ought to go to the President. It was what he mentioned ‘eat what we produce’, that delivery the anchor debtors programme.

“We’ve began taking a look at Palm oil. The value of a barrel of palm oil is greater than a barrel of crude oil. We are going to develop that market once more. After palm oil, we are going to deal with cocoa within the south-west.”  (The Cable)

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