A Bill for an act to strengthen conditions for the appointments of the Governor of Central Bank of Nigeria (CBN), his Deputy and other Directors of the Bank has passed the second reading at the House of Representatives.
The Bill sponsored by a member from Katsina State, Sada Soli, seeks to address areas that affect disqualification and appointment of Governor, Deputy Governor and other relevant offices of the Central Bank of Nigeria.
Sada Soli, maintained that the amendment became necessary in view of the weaknesses found in the Act to allow the Apex Bank to restore its credibility from the shock it has suffered in the cause of interpreting the law.
The sponsor of the Bill, however, cited an example where the CBN Governor went to court seeking for an interpretation on whether he can participate in partisan politics.
The Bill passed the second reading after a voice vote put by the Deputy Speaker, Ahmed Idris Wase who presided over the plenary.
SALIHU TSIBIRI