The Senate has considered two bills seeking to ban the Governor and Deputy Governors of the Central Bank of Nigeria (CBN) from participating in politics.

The two bills passed a second reading during plenary at the upper chamber.

During the debates on the bills, the lawmakers equally proposed that the Auditor-General of the Federation, Chairmen of the Federal Inland Revenue Service and Chartered Institute of Bankers in Nigeria be represented on the board of the CBN.

Senator ADAMS OSHIOMHOLE from Edo North Senatorial District, however, opposed the second reading of the bill, arguing that the case of the immediate past Governor of the CBN, GODWIN EMEFIELE was a consequence of the absence of governance and the will to enforce the extant laws.

The Deputy President of the Senate, JIBRIN BARAU, therefore gave the Senate Committee on Banking and Finance two weeks to report back on the CBN Amendment Bill.