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NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors (6015 Views)

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NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by BeeBeeOoh(m): 9:58pm On May 13
The National Assembly is seeking amendments to the Central Bank of Nigeria Act 2007, to bar top officials of the apex bank from partisan politics.

Championed by ex-lawmaker representing Abia Central Senatorial District, Darlington Nwokocha before he was sacked from office by an Appeal Court sitting in Lagos in 2023, the amendment seeks to prohibit the Chairman, Governor, and Deputy Governors of the CBN from engaging in political activities or becoming members of any political party for three years after service.

A part (amended section cool of CBN Act 2007 (Amendment) Bill 2023 read, “The Governor and Deputy-Governors shall be persons of recognised financial experience and shall be appointed by the President subject to confirmation by the Senate on such terms and conditions as may be set out in their respective letters of appointment.

“The chairman shall also be appointed by the President. The chairman, governor and deputy governors shall not engage in or be a member of any political party until three years after disengaging from office.”

The bill also proposed that the CBN’s top executives, the chairman, governor, and deputy governor, shall initially be appointed for a five-year term.

The amendment bill read, “The chairman, governor and deputy governors shall be appointed in the first instance for a term of five years and shall each be eligible for reappointment for another term not exceeding five years and no more:

“Provided that, of the first five deputy governors to be so appointed, two shall, in the first instance be appointed for three years and two shall, in the first instance be appointed for four years.”

CBN Governor to report to NASS

The proposed law also seeks to promote accountability mechanisms of the CBN Governor by mandating semi-annual reports to the parliament.

These sessions are to cover the broad spectrum of the CBN’s monetary policy efforts, activities, objectives and future economic development prospects.

CBN Board

The Amendment Bill created a new Board of Directors for the bankers’ bank aimed at injecting a new range of expertise and ensuring robust oversight.

The amendment further read, “There shall be for the Bank a Board of Directors (in this Act referred to as “the Board”) which shall be responsible for the policy and general administration of the affairs and business of the Bank.

“The Board shall consist of (a) Chairman; who shall be a renowned professional in Accounting, Finance or Economics that has served as a Chief Executive of a regulatory agency in Nigeria and has deep insight into the operations of the Central Bank of Nigeria in the course of his regulatory functions,” among others.

https://punchng.com/nassembly-proposes-three-year-post-office-ban-on-political-activities-for-cbn-gov-others/

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Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by Boogyman557: 8:15am On May 14
Holly Gram cool Nawa ooo !!!


LITE UP my WEED in peace


WTF MAN!

2 Likes 3 Shares

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by Obagreatdatoye(m): 8:22am On May 14
Bill with no value.
No masses oriented bill. Na just nonsense dem dey do

7 Likes

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by phemmie06(m): 8:47am On May 14
Good one but I will so much appreciate it if there can be a bill that will stop governors and deputies from contesting for senators for at least 12 years

21 Likes 1 Share

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by Skillsnigeria: 8:47am On May 14
Noted
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by CountinBlessins(m): 8:47am On May 14
Hmmmmm
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by wman(m): 8:48am On May 14
Good. The office of the CBN should be non-political.

Emefiele messed up as regards that.

13 Likes

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by lhurd: 8:49am On May 14
Makes sense. But they should also place a ban on ex-governors joining the nass for three years as well.
BeeBeeOoh:


https://punchng.com/nassembly-proposes-three-year-post-office-ban-on-political-activities-for-cbn-gov-others/

3 Likes

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by Starhearts: 8:49am On May 14
Obagreatdatoye:
Bill with no value.
No masses oriented bill. Na just nonsense dem dey do

Who knack u hammer 🔨 4 head

4 Likes

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by oluwaseyi0: 8:49am On May 14
That's nice

1 Like

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by jhydebaba(m): 8:49am On May 14
Emefiele comes to mind

1 Like

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by Creditalerts: 8:51am On May 14
Yeye we need food,employment we are hungry
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by MurderX: 8:51am On May 14
Is this our priority now?

1 Like

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by Theama(m): 8:52am On May 14
lhurd:
Makes sense. But they should also place a ban on ex-governors joining the nass for three years as well.

phemmie06:
Good one but I will so much appreciate it if there can be a bill that will stop governors and deputies from contesting for senators for at least 12 years

1 Like

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by Berankis: 8:53am On May 14
phemmie06:
Good one but I will so much appreciate it if there can be a bill that will stop governors and deputies from contesting for senators for at least 12 years
This would have been even more impacting than the CBN proposed ACT amendment.
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by slivertongue: 8:54am On May 14
Emefiele and APC comes to mind
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by christejames(m): 9:01am On May 14
Not bad but they should extend it to political office holders like governors and senators...



Thanks.

3 Likes

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by oz4real83(m): 9:02am On May 14
Including the heads and top leadership of all security agencies, they all patronise the party in power and immediately start the process of achieving their political ambitions in the ruling party once they leave retire embarassed

1 Like

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by PHIPEX(m): 9:08am On May 14
This does not.make sense

What about a ban for state Governors from turning the Senate to a retirement home?

What about the military and police chiefs?

What about a ban on senior govt official from foreign medical tourism and sending their kids abroad for education

Why single out the CBN governor?

1 Like

Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by Cmanforall: 9:11am On May 14
phemmie06:
Good one but I will so much appreciate it if there can be a bill that will stop governors and deputies from contesting for senators for at least 12 years

Or to make Senatorial and HOR seats a maximum of 2 tenures
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by panpan(m): 9:20am On May 14
Once the Central Bank governor or deputy governors have left office, they have left office.
Laws should not be discriminatory.
There is no issue with a former central bank governor or deputy governor going into politics.
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by Paragon311(m): 9:25am On May 14
Why not introduce this bill for ex governors parading as senators after 8 years of governorships..

Yeuenatu
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by malali: 9:43am On May 14
IT IS UNCONSTITUTIONAL.
YOU CANNOT DENY A NIGERIAN CITIZEN THEIR FUNDAMENTAL HUMAN RIGHT BECAUSE EMEFILELEIELE LOOTED PUBLIC FUNDS.

WE CANNOT PUNISH ALL THE STUDENTS WITH LOW SCORES WHEN THE TEACHER IS IGNORANT.
THERE SHOULD BE CHECKS AND BALANCES WITH ADEQUATE OVERSIGHT ON ANY CBN GOVERNOR.

BOARD OF DIRECTORS IN CBN SHOULD BE FROM DIFFERENT GEO-POLITICAL ZONES.
THE MORE OPEN YOU MAKE THE GOVERNING BODY, THE MORE DIFFICULT IT WILL BE FOR ONE MAN TO CORRUPT THE WHOLE SYSTEM.

THERE SHOULD BE TECHNOCRATS ON THE CBN BOARD FROM ALL GEO-POLITICAL ZONES.
EFCC SHOULD ALSO WORK REAL TIME, THEY SHOULD CATCH THOSE BRIBE TAKERS IN THE SAME REGIME, WE DONT HAVE TO WAIT 8 YEARS TO BE CATCHING BRIBER TAKERS AND LOOTERS.

GRADUALLY DECREASE IMMUNITY ON STATE GOVERNORS.
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by adioolayi(m): 9:44am On May 14
Very good.

Let them focus on their job...if they are interested in politics, they should resign
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by MarketDispatch: 9:53am On May 14
BeeBeeOoh:


https://punchng.com/nassembly-proposes-three-year-post-office-ban-on-political-activities-for-cbn-gov-others/

You don't mean it...so CBN personnel will not go to the Post office for 3 years.

**The title though
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by Bimpe29: 10:07am On May 14
I'm in support of this laudable amendment. 3 years is really short, it should be 4 or 5 years.
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by maestro299: 10:48am On May 14
phemmie06:
Good one but I will so much appreciate it if there can be a bill that will stop governors and deputies from contesting for senators for at least 12 years

I agree.
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by lekonso: 11:05am On May 14
wman:
Good. The office of the CBN should be non-political.

Emefiele messed up as regards that.
He really messed up. But it was because there was more or less no one in charge of govt that time. Everybody was just doing whatever they like.
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by Iamanoited: 11:22am On May 14
How do you come about 3years? Please make it 8years the two thirds life span of a Presidency.
Re: NASS Proposes 3-Year Post-Office Ban On Political Activities For CBN Governors by dc23(m): 9:40pm On May 14
Useless law that the supreme court would strike down without wasting time.

You can't curtail rights enshrined in the constitution with a mere law. Party activity is governance activity and anybody that votes can be voted for provided the conditions set out in the constitution are met.

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