Senate Committee on Banking Insurance and other Financial Institutions

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Bank’s decision to prohibit deposit money banks, non-banking institutions, and other financial institutions from facilitating trading and dealings in cryptocurrency is in the best interest of Nigerian depositors and the country’s financial system.

The Senate on Wednesday confirmed the appointment of Mr Ahmed Kuru as Managing Director, Asset Management Corporation of Nigeria (AMCON) for a second term in office, in line with President Muhammadu Buhari’s request.

The Senate Wednesday confirmed the nomination of Mr. Bello Hassan as the new Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC).

Senator representing Kaduna Central, Uba Sani (APC), has revealed that a stakeholders meeting, chaired by the Deputy Governor of Kaduna State, Hadiza Balarabe, has resolved to apply an all-inclusive approach to the lingering insecurity in the State as child of necessity.

Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Lawan Kuru (ALK) has renewed the call for legislative support to his agency.

The Chairman Senate Committee on Banking Insurance and other Financial Institutions, Uba Sani, has said that his committee and the Asset Management Corporation of Nigeria (AMCON) have identified the strategies being employed by debtors to stall the repayment of loans, including the dragging of court cases for many years.

The Senate Committee on Banking, Insurance and Other Financial Institutions, has pledged to support the Nigerian Deposits Insurance Corporations (NDIC) to carry out its functions more effectively.

Senator Uba Sani has described the retreat held by Senate Committee on Banking, Insurance and Other Financial Institutions with the Nigeria Deposit Insurance Corporation (NDIC) in Kaduna as a huge success.

Senator Uba Sani representing Kaduna Central, in the upper chamber, stated that he is elated by the passage of his Bill for an Act to Repeal the Banks and Other Financial Institutions Act 2004.

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, and the Kaduna State chapter of the Christian Association of Nigeria (CAN) have condemned the spate of killings in communities in Kajuru Local Government Area of the state.

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has donated 12 trucks of food items worth N80 million for distribution as palliatives to the less privileged in Kaduna State.

The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government to brainstorm on the impact of Coronavirus pandemic on the Nigerian economy.

The Senate on Thursday confirmed nominees appointed by President Muhammadu Buhari to serve on the board of the National Hajj Commission of Nigeria (NAHCON).

The Senate on Wednesday condemned the abduction and killings of Nigerian citizens from Plateau State by Boko Haram.

Senate on Wednesday began the Confirmation process of Edward Lametek Adamu as the Chairman of the Asset Management Corporation of Nigeria, AMCON.

The Senate Committee on Banking, Insurance and other Financial Institutions has said that Assets Management Company of Nigeria which was set up by the government to buy back bad debts by banks has become a drain on the nation’s economy, adding something must be done to reverse the trend.

The Senate has expressed its displeasure over the poor regulation of insurance companies in the country, concerned about the low enlightenment of Nigerians on insurance policies.

The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the 9th Senate for the speedy passage of the pending NDIC Act, 2006 (as amended) currently before the National Assembly.

The Senate has confirmed Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN) for a second term of five years.

The senate committee on banking, insurance and other financial institutions has approved of a second term for Godwin Emefiele, governor of the Central Bank of Nigeria (CBN).