Tinubu appoints Cardoso as CBN governor, four others
President Bola Tinubu has approved the nomination of ace banker and former chairman of Citibank Nigeria, Yemi Cardoso, as the new governor of the Central Bank of Nigeria (CBN), pending confirmation by the Nigerian Senate.
A statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, which announced Cardoso’s appointment, also noted that it is for a term of five years at the first instance.
Also, the President approved the nomination of Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and Bala M. Bello, as deputy governors of the CBN along with Cardoso.
The statement read: “President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve 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 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.
“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: Mrs. Emem Nnana Usoro; Mr. Muhammad Sani Abdullahi Dattijo; Mr. Philip Ikeazor; Dr. Bala M. Bello”, the statement said.
President Tinubu, however, charged the new nominees to use their time to effect the needed reforms at the CBN, to revive both the Nigerian public and global partners’ confidence.
“In line with President Bola Tinubu’s Renewed Hope agenda, the President expects the above-listed nominees to successfully implement critical reforms at the Central Bank of Nigeria, which will enhance the confidence of Nigerians and international partners in the restructuring of the Nigerian economy toward sustainable growth and prosperity for all.”
