Olayemi Cardoso assumes office as new CBN gov

Dr. Olayemi Cardoso formally took over as acting Governor of the Central Bank of Nigeria, CBN, on Friday, following the resignation of the bank’s suspended governor, Godwin Emefiele.

According to Isa AbdulMumin, CBN’s Director of Corporate Communications, Cardoso’s reinstatement in acting capacity is subject to Senate approval.

“This follows the resignation of Mr. Godwin Emefiele as Governor of the CBN. Similarly, the Deputy-Governors-designate have also assumed duty, in acting capacities.

“This is the sequel to the formal resignation of Mr Folashodun Shonubi, Mrs Aishah Ahmad, Mr Edward Adamu and Dr 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 AbdulMumin said.

He stated that they have since gotten down to the business of executing the Federal Government’s monetary and financial policy.

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

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

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