Olayemi Cardoso Assumes Duty As CBN Governor

Update Post: December 4, 2023 10:33 pm

Olayemi Cardoso, on Friday, formally assumed duty as the governor of the Central Bank of Nigeria (CBN).

According to a statement by Isa Abdulmumin, CBN’s spokesperson, Mr Cardoso’s resumption in acting capacity is pending his confirmation by the Senate.

“This follows the resignation of Mr Godwin Emefiele as Governor of the CBN,” said Mr Abdulmumin.

He added, “Similarly, the deputy-governors-designate have also assumed duty, in acting capacities.”

Mr Abdulmumin said this followed the resignation of Folashodun Shonubi, Aishah Ahmad, Edward Adamu, and Kingsley Obiora as deputy governors.

“Cardoso and his colleagues subscribed to the relevant oaths of office at a brief ceremony held at the bank’s head office in Abuja,” Mr Abdulnumin said.

He said they had since settled down to the task of administering monetary and financial sector policies of the federal government.

President Bola Tinubu nominated Mr Cardoso as CBN governor on September 15.

Mr Tinubu also nominated Emem Usoro, Abdullahi Dattijo, Philip Ikeazor, and Bala Bello as deputy governors.


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September 22, 2023 11:37 pm