The Global News reports that Urum Kalu-Eke, nominated by President Bola Tinubu as one of five candidates for the Central Bank of Nigeria (CBN) Board of Directors, has turned down the appointment.

President Tinubu had earlie submitted the names of Kalu-Eke and four others to the Senate for confirmation.

However, Kalu-Eke opted out of the screening process conducted by the Senate Committee on Banking, Insurance, and Other Financial Institutions.

Kalu-Eke’s decision became public on Thursday during the Senate’s review of the committee’s report, led by Senator Adetokunbo Abiru (APC – Lagos-East). Abiru, while endorsing the remaining four nominees for Senate confirmation, highlighted Kalu-Eke’s absence during the screening process.

He told the Senate, presided over by the Deputy Senate President, Senator Barau Jibrin that “The nominee did not appear before the committee for screening. Therefore, the committee can’t recommend him for confirmation.”

In response to the situation, former Chief Whip of the Senate, Senator Orji Kalu, shed light on Kalu-Eke’s decision to decline the appointment.

Senator Kalu, representing the same constituency as the nominee, informed his colleagues that Kalu-Eke contacted him to explain that he was currently engaged in consulting for various public and private entities both locally and internationally.

He expressed concern that accepting the position on the CBN board would conflict with his ongoing commitments.

Meanwhile, the Senate has confirmed the appointment of four other nominees to the CBN Board of Directors.

Those confirmed by the Senate on Thursday, February 29, were Mr Robert Agbide; Mr Ado Yakubu Wanka; Prof Murtala Sabo Sagagi; and Mrs Muslimat Olanike Aliyu.

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