ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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REPS PROPOSE SIX-YEAR TENURE FOR CBN GOVERNOR, BAN ON FOREIGN CURRENCY IN LOCAL TRANSACTIONS. (PHOTO).

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 Reps propose six-year tenure for CBN governor, ban on foreign currency in local transactions


A bill proposing a single, non-renewable six-year tenure for the governor and deputy governors of the Central Bank of Nigeria (CBN) scaled second reading at the  house of representatives on Thursday.


Section 8(2) of the CBN Act 2007 provides for a five-year tenure for the governor and deputy governors of the apex bank, who  are also eligible for re-appointment for another five-year term.

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