Cardoso, deputies assume duty as CBN confirms Emefiele’s resignation.
Dr. Olayemi Michael Cardoso has officially taken on the role of Acting Governor of the Central Bank of Nigeria (CBN).
His appointment came after President Bola Ahmed Tinubu nominated him for the position. However, his role as Acting Governor is pending confirmation by the Senate.
This change in leadership at the CBN followed the resignation of Mr. Godwin Emefiele from the position of Governor.
A statement from the CBN signed by the Director, Corporate Communications, Dr Isa AbdulMumin noted that, the Deputy-Governors-Designate have also assumed their roles in acting capacities following the resignations of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.
The statement reads, “Dr. Olayemi Michael Cardoso, recently nominated by President Bola Ahmed Tinubu, has on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the Central Bank of Nigeria, pending his confirmation by the Senate. 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, sequel to the formal resignation of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.”
Dr. Cardoso and his colleagues took their oaths of office at a brief ceremony held at the CBN’s Head Office in Abuja.
They are now responsible for administering monetary and financial sector policies on behalf of the Federal Government.
Dr. Cardoso brings significant experience to this role, having served as an Economic and Development Policy Advisor, Financial Sector Leader, former Chairman of Citi Nigeria, and Commissioner for Economic Planning and Budget in Lagos.
He holds degrees from Aston University in the United Kingdom and the Harvard Kennedy School in the United States.
Their appointments to their respective positions at the CBN were made on September 15, 2023, subject to confirmation by the Senate.
Credit: The Nation
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