During the debates, the lawmakers proposed that Section 9 be further amended to insulate the CBN governor and deputies from participating in politics while in service. He also proposed an amendment to Section 20 of the CBN Act, with the insertion of Section 20 (A) immediately after the existing section 20, before the existing section 21. The Deputy Senate President, Jibrin Barau, who presided yesterday, therefore, gave the Senate Committee on Banking and Finance two weeks to report back on the CBN Amendment Bill. “Also, to realign legislative efforts with objectives of the current National Security Strategy 2019. The National Security Adviser will ensure the Compliance Monitoring System.”The legislator explained that the bill does not reflect this reality as well as all other major threats.
Source: The Guardian October 26, 2023 16:24 UTC