Who is the new CBN Governor, Nigerians Inquire as Yemi Cardoso Takes Over

Who is the new CBN Governor? This is the question many Nigerians have been asking on the internet since Yemi Cardoso was announced as the new CBN governor.

Since President Bola Ahmed Tinubu was sworn in on May 29, 2023, there had been new sounds from Aso Rock with many understanding the popular rhythm to mean a new sheriff has taken over, and ever since, events that characterized the last few months indeed indicated the same.

ENigeria Newspaper reports that one of the most applauded decisions of President Tinubu was the suspension from office of Godwin Emefiele a former Governor of the Central Bank of Nigeria who is currently in the detention center of the Department of State Security (DSS).

The arrest and interrogation of Emefiele over alleged corruption and fraud allegations saw the immediate announcement of Folashodun Shonubi as the acting CBN Governor.

Who is The New CBN Governor?

ENigeria Newspaper reports that hours ago in a statement released by Ajuri Ngelale, Special Adviser to the President on Media and Publicity, said that the President has nominated Dr. Olayemi Michael Cardoso as the new CB Governor for a term of five years.

The appointment of Yemi Cardoso according to President Tinubu is subject to confirmation by the Senate of the Federal Republic.

PRESIDENT TINUBU NOMINATES NEW CBN GOVERNOR AND MANAGEMENT TEAM FOR SENATE SCREENING AND CONFIRMATION

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:

(1) Mrs. Emem Nnana Usoro
(2) Mr. Muhammad Sani Abdullahi Dattijo
(3) Mr. Philip Ikeazor
(4) Dr. Bala M. Bello

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.

Chief Ajuri Ngelale
Special Adviser to the President
(Media & Publicity)
September 15, 2023.

 

Source: ENigeria Newspaper