Nigerian Lawmakers Moves to Review Central Bank of Nigeria Act 

A bill to amend the Central Bank of Nigeria Act scaled Second Reading at the House of Representatives. <br />The proposed amendment according to the sponsor of the bill, Francis Waive, seeks to address several critical aspects of the Act to enhance the effectiveness, transparency, and accountability of the apex bank and its operations. <br />Waive who represents Ughelli North/South/Udu Federal Constituency, Delta State emphasised the need to amend Section 6 of the CBN Act as it concerns the necessity of separating the Chairman of the Board of the apex bank from the CBN Governor. <br />He says separating the Chairman of the Board from the Governor would enhance independence and oversight and ensure a more effective system of checks and balances within the CBN’s governance structure.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>