Buhari Proposes Obiora As CBN Deputy Governor

President Muhammadu Buhari has nominated Kingsley Isitua Obiora as Deputy Governor of the Central Bank of Nigeria, CBN.

The President declared his choice in a letter sent to the Senate President, Ahmad Lawan on Thursday.

Jameela News understands that the President’s selection was in accordance with the provision of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007.

President Buhari’s Media Aide, Femi Adesina noted in the statement forwarded to news platforms, that Obiora would replace Joseph Nnanna, who is set to retire in February.

The statement read: “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.”