The Senate on Wednesday considered two bills seeking to ban the Governor of the Central Bank of Nigeria (CBN) and Deputy Governors of the apex bank from participating in politics. The two bills passed a second reading during plenary at the upper chamber.
The Senate passed them after the consideration of two similar bills sponsored by Sunday Karimi, the lawmaker representing Kogi West Senatorial District and Darlington Nwokocha, lawmaker representing Abia Central Senatorial District.
During the debates on the bills, the lawmakers proposed that Section 9 be further amended to insulate the CBN governor and deputies from participating in politics while in service.
Both senators equally proposed that the Auditor-General of the Federation, Chairman of the Federal Inland Revenue Service (FIRS) and Chartered Institute of Bankers in Nigeria (CIBN) be represented on the board of the CBN.
