Bill to whittle down the power of CBN Governor scales second reading

Written by on September 27, 2022

A Bill to whittle down the power of the Governor of the Central Bank of Nigeria, CBN scales second reading in the Senate today.

The Bill seeks to appoint a person other than the CBN Governor, as Chairman of the Board and divest the Board’s responsibility in determining and fixing salaries and allowances of its staff.

According to the proposed piece of Legislation, the Board will also be empowered to consider and approve the annual budget of the apex bank.

Uploaded By: FAVOUR ADEBOYE

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