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JUST IN: Senate Verifies Yuguda, Cardoso, and 10 Others as MPC Members

Yemi Cardoso, Governor of Nigeria's Central Bank

The appointment of twelve individuals to the Central Bank of Nigeria’s (CBN) Monetary Policy Committee has been approved by the Senate.

This confirmation follows the discussion of a report by the CBN’s Committee on Banking, Insurance, and Other Financial Institutions Committee in plenary on Thursday.

The members are:

1. Olayemi Cardoso – Chairman

2. Muhammad Sani Abdullahi – Member

3. Bala M. Bello – Member

4. Emem Usoro – Member

5. Philip Ikeazor – Member

6. Lamido Yuguda — Member

7. Jafiya Lydia Shehu – Member

8. Murtala Sabo Sagagi – Member

9. Aloysius Uche Ordu – Member

10. Aku Pauline Odinkemelu – Member

11. Mustapha Akinwumi – Member

12. Bandele A.G. Amoo – Member

This is coming 8 days after President Bola Ahmed Tinubu’s request was conveyed in a letter addressed to President of Senate, Godswill Akpiabio and read at plenary.

The letter stated “I am pleased to present for confirmation by the Senate the confirmation of the underlisted 12 persons as Chairman and members of the Monetary Policy Committee of the Central Bank of Nigeria.”

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