Tinubu appoints new CBN gov, Olayemi Cardoso

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President Bola Tinubu has approved the nomination of Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending his confirmation by the Nigerian Senate.

This automatically signaled the exit of former CBN Governor, Godwin Emefiele, who has been on suspension.

President Tinubu’s directive is in conformity with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which vests in the President of the Federal Republic of Nigeria, the authority to appoint the Governor and Four (4) Deputy Governors for the Central Bank of Nigeria (CBN), subject to confirmation by the Senate of the Federal Republic of Nigeria.

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Furthermore, President Bola Tinubu has approved the nomination of four new Deputy Governors of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending their confirmation by the Nigerian Senate, as listed below:

(1) Mrs. Emem Nnana Usoro

(2) Mr. Muhammad Sani Abdullahi Dattijo

(3) Mr. Philip Ikeazor

(4) Dr. Bala M. Bello

The SA to the president on media and publicity Ajurir Ngelale in a statement said
In line with President Bola Tinubu’s Renewed Hope agenda, the President expects the new CBN Management nominees to successfully implement critical reforms that would enhance the confidence of Nigerians and international partners in the restructuring of the Nigerian economy towards sustainable growth and prosperity for all.