Senate Confirms Kingsley Obiora As CBN Deputy Governor

Dr Kingsley Obiora has been confirmed as a deputy governor of the Central Bank of Nigeria (CBN) by the Senate on Thursday.

Obiora’s confirmation followed his screening on Wednesday by the senate committee on banking, insurance and other financial institutions which expressed satisfaction with his nomination.

President Muhammadu Buhari had in a letter to the Senate President, Ahmad Lawan, on January 16, 2020, sought Obiora’s confirmation for the top CBN job.

Buhari had noted that his appointment was in line with the provision of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007.

Obiora will now replace Dr Joseph Nnanna who retires from the CBN on February 2, 2020, following his confirmation by the Senate.

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The appointee, until his appointment, was the the Alternate Executive Director of the International Monetary Fund (IMF) where he has worked since 2007.

He was a member of the 24-Seat Executive Board responsible for conducting daily operations of the IMF.

Obiora holds a Bachelor’s degree in Economics and Statistics from the University of Benin, a Masters degree in Economics and a doctorate degree in Monetary and International Economics from the University of Ibadan, respectively.

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