Buhari names new CBN Deputy Governor

Dr Kingsley Obiora has been named the Deputy Governor of the Central Bank of Nigeria (CBN), by President Muhammadu Buhari.

If he is confirmed by the Senate, Obiora who is currently the Washington DC Alternate Executive Director of the International Monetary Find (IMF), will replace Dr Joseph Nanna who retires 2nd February 2020.

In a statement by the Spokesman to the President, Femi Adesina, the President had already forwarded the nomination letter to the Senate President, Senator Ahmed Lawan.

It read, “President Muhammadu Buhari has sent the name of Dr Kingsley Isitua Obiora to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria.

“In a letter to President of the Senate, Ahmad Ibrahim Lawan, President Buhari said the nomination was in accordance with the provision of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007.

“Dr Obiora, upon confirmation by the Senate, replaces Dr Joseph Nnanna, who retires on February 2, 2020.

“Dr Obiora holds a Bachelor’s degree in Economics and Statistics from the University of Benin, a Masters in Economics from the University of Ibadan, and a Doctorate in Monetary and International Economics, also from the University of Ibadan.

“He is currently an Alternate Executive Director in the International Monetary Fund (IMF) In Washington DC, United States of America”.

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