Obiora assumes duty as new CBN deputy governor

Dr. Kingsley Isitua Obiora, yesterday, formally assumed duty as Deputy Governor of the Central Bank of Nigeria (CBN), replacing Dr. Okwu Joseph Nnanna, who exited from the Bank on February 2.

Welcoming Obiora on board, the CBN Governor, Godwin Emefiele, congratulated him on his appointment, noting that he was assuming duty at a time when his experience was needed to ensure stability in the Nigerian economy.

Assigning the new Deputy Governor to the Economic Policy Directorate, Emefiele charged him to go beyond upholding the interest of the CBN to upholding the interest of Nigeria and Nigerians, majority of whom he said desired positive impact in their daily lives.

The Governor, who alluded to the youthfulness of Obiora and some new directors in the Bank, said deliberate effort was being made by the Management of the Bank to assign more responsibility to the youth, whom he noted possessed energy that must be put to positive use for the good of Nigerians.

While urging all to work together to enable the Bank achieve its objectives, Emefiele also charged them to strive to etch their names in the annals of the Bank, as having contributed their quota to the overall development of the country.

According to the Governor, flanked by Mrs. Aishah Ahmad, and Folashodun Shonubi, deputy governors for Financial System Stability (FSS), and Operations, respectively, and other staff were part of the monetary policy team that has to play the role of upholding the integrity of the Bank and policies that translate into making lives better for most Nigerians whom they represent.

In his remarks, Obiora expressed joy to be back at the CBN, after subscribing to the relevant oath administered by the CBN Board Secretary and Director, Corporate Secretariat Department, Mrs. Alice Karau, and promised to add value to the processes even as he solicited the cooperation of all in achieving his tasks.

Obiora was nominated Deputy Governor on January 16, by President Muhammadu Buhari, and his appointment was confirmed by the Senate on January 30, thus paving the way for his replacement of Nnanna who retired from the services of CBN on February 2.