Confusion as Abia nominee rejects Tinubu’s appointment as CBN Director

Mr. Urum Kalu Eke, one of the Central Bank of Nigeria (CBN)’s five Board of Directors members, has declined the appointment.

President Bola Tinubu had earlier submitted Kalu-Eke’s and four other names to the Senate for approval.

However, Kalu Eke rejected the screening process conducted by the Senate Committee on Banking, Insurance, and Other Financial Institutions.

Kalu Eke’s actions were made public on Thursday as the Senate discussed the committee’s findings, chaired by Senator Adetokumbo Ashiru (Lagos-East).

Ashiru, while presenting the names of the other four nominees for confirmation by the Senate, stated Kalu Eke failed to come before the committee for screening.

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

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

As the proceedings continued, a former Governor of Abia State, Senator Orji Kalu, and member of the Abiru committee, rose to give further explanations on why Kalu Eke turned down the appointment.

Senator Kalu, who stated that the nominee was a member of his constituency, told his colleagues that he (Kalu Eke) called him to say that he was engaged and consulting for some public and private bodies within and outside the country.

He said he felt accepting to serve on the board of the CBN would be “conflicting” with the current work he was involved with.

Kalu Eke, 60, is a former Group Managing Director, FBN Holdings, serving until December 2021.

He had previously served as an executive director with First Bank.

Kalu Eke also worked with Diamond Bank Plc and Deloitte Haskins & Sells International.

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