Home ยป Tinubu nominates Cardoso as new CBN Governor

Tinubu nominates Cardoso as new CBN Governor

by Maryam Olaniyi
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Tinubu to address world leaders at UN General Assembly Sept. 19ย 

 

President Bola Tinubu on Friday approved the nomination of Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria for a term of five years at the first instance, pending his confirmation by the Senate.โฃ

According to a press statement by presidential spokesman, Ajuri Ngelale, on Friday evening, Cardoso will serve for a term of five (5) years at the first instance, pending his confirmation by the Nigerian Senate.
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โ€œThis 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 Deputy Governors for the Central Bank of Nigeria, subject to confirmation by the Senate of the Federal Republic of Nigeria,โ€ a statement signed by the Presidentโ€™s Special Adviser on Media and Publicity, Ajuri Ngelale, revealed on Friday. โฃ
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The statement is titled โ€˜President Tinubu nominates new CBN governor and management team for senate screening and confirmation.โ€™ โฃ

Tinubu also approved the nomination of four new Deputy Governors of the Central Bank of Nigeria, for a term of five years at the first instance, pending their confirmation by the Senate.โฃ
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The new Deputy Governors includes: Mrs. Emem Usoro, Mr. Muhammad Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello. โฃ
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