The Nigeria President Bola Ahmed Tinubu has named Dr. Olayemi Michael Cardoso as the newly appointed Governor of the Central Bank of Nigeria (CBN). This significant development comes with a term of five years, awaiting Senate confirmation.
A statement released by Chief Ajuri Ngelale, the spokesperson for President Tinubu, clarified that this nomination aligns with Section 8 (1) of the Central Bank of Nigeria Act, 2007. The Act vests the authority to appoint the Governor and Four Deputy Governors for the CBN in the President of the Federal Republic of Nigeria, with confirmation responsibilities resting with the Senate.
In addition to Dr. Cardoso's appointment, President Tinubu has also given the green light to the nomination of four new Deputy Governors for the Central Bank of Nigeria, each set to serve a term of five years, pending Senate confirmation.
The newly nominated Deputy Governors are as follows:
Mrs. Emem Nnana Usoro
Mr. Muhammad Sani Abdullahi Dattijo
Mr. Philip Ikeazor
Dr. Bala M. Bello
This decision marks a significant transition within the leadership of the Central Bank of Nigeria, and the nation awaits the Senate's confirmation to solidify these appointments.
