Senate postpones public hearing on CBN, NDIC bills

The Senate Committee on Banking, Insurance and other Financial Institutions on Tuesday postponed its public hearing on the Central Bank of Nigeria (CBN) Act (Amendment) Bill and the Nigerian Deposit Insurance Corporation Act (Amendment) Bill scheduled for Thursday, 30th May, 2024.

The Clerk to the committee, Mrs Tinuke Ogunrinde, said the public hearing was postponed due to conflicting schedules and clash of national events in commemoration of the first year anniversary of the President Bola Tinubu administration.

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On the sideline of the May 29 commemoration, the President and the Commander-in-Chief of the Armed Forces, President Bola Ahmed Tinubu, will be hosted by the National Assembly on Wednesday May 29, 2024.

Also, Minister of Finance and the Coordinating Minister of the Economy, Dr. Olawale Edun;  Governor of Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, among other key stakeholders who are expected to make presentations on the critical Bills will be engaged with the President who would be commissioning several projects all over the country during this period.

She said: “Members of the public are hereby informed that the Public Hearing of the Senate Committee on Banking, Insurance and Other Financial Institutions on the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation (Amendment) Bills earlier scheduled for Thursday, 30th May, 2024 has been postponed till further notice. A new date and time for the public hearing will be communicated.