New CBN deputy governors, MPC members assume duty ahead first MPC meeting of the year

Aisha Ahmad and Edward Lametek Adamu have formally assumed duty as Deputy Governors of the Central Bank of Nigeria (CBN), following the confirmation of their appointments last week by the Nigerian Senate.

Equally the trio of Adeola Festus Adenikinju, Robert Asogwa and Aliyu Rafindadi Sanusi have formally commence their tenure as members of the Monetary Policy Committee (MPC) of the Bank Wednesday as they attended their maiden MPC retreat preparatory to the first MPC meeting for 2018 scheduled to hold on Tuesday, April 3 and Wednesday, April 4, 2018.

Godwin Emefiele, the CBN governor, while welcoming the new deputy governors and members of the MPC to the bank, prior to their subscription to the relevant oaths of office, congratulated them on their respective appointments by the President and subsequent confirmation by the Senate.

Emefiele, expressed gladness that the bank now had a full complement of deputy governors to enable it operate optimally as well as the required quorum to enable the MPC hold its statutory meetings for formulating monetary and credit policy.

He therefore charged the deputy governors and MPC members to bring their experience to bear in the discharge of their new responsibilities, stressing that much was expected of them.

Ahmad, Adamu and the three new MPC members subsequently subscribed to their oaths of office, administered by Alice Karau, the acting director, corporate secretariat at the CBN.

Thereafter, Moses Tule, the director, monetary policy department (MPD), read out the charter of the MPC to the new members.