Obiora, new CBN Deputy Governor, assumes duty

Per Second NewsMarch 2, 20201 Mins read1k

The newly appointed Deputy Governor of the Central Bank of Nigeria (CBN),
Dr Kingsley Isitua Obiora, has assumed duty.

He was immediately assigned to the Economic Policy Directorate, by the CBN Governor, Mr Godwin Emefiele.

Obiora, who was until his new job was at the World Bank, replaces Dr Okwu Nnanna, who retired from the Apex bank on Feb. 2, 2020.

PerSecondnews recalls that following his nomination by President Muhammadu Buhari, the Senate had screened and his candidature.

Emefiele congratulated Obiora on his appointment, saying he was assuming duty at a time when his experience was needed to ensure stability in the Nigerian economy.

He urged him to go beyond upholding the interest of the CBN and also take into account the “interest of Nigeria and Nigerians”, majority of who he said desired positive impact in their daily lives.

Noting the youthfulness of Obiora and some new Directors in the bank, the governor said deliberate effort was being made by the Management to assign more responsibility to youths, who he noted “possess an energy that must be put to positive use for the good of Nigerians.”

Emefiele urged management and staff to strive to etch their names in the annals of the bank by contributing their quota to the overall development of the country.

“Members of staff of the Bank are part of the monetary policy team that have to play the role of upholding the integrity of the Bank and policies that translate to making lives better for most Nigerians who they represent in the Bank.”

In his remarks after his oath of allegiance administered by the CBN Board Secretary and Director, Corporate Secretariat Department, Mrs Alice Karau, Obiora said he was happy to be back at the CBN and promised to add value to the processes.

He solicited the cooperation of the management and staff in achieving his tasks.

Mrs Aishah Ahmad and Mr Folashodun Shonubi, the Deputy Governors in charge of Financial System Stability (FSS) and Operations respectively attended the ceremony.