President Tinubu Appoints Yemi Cardoso As CBN Governor

Dr Yemi Cardoso, CBN Governor

President Bola Tinubu on Friday appointed Dr. Yemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN).

Cardoso replaced the suspended Governor of the CBN, Mr. Godwin Emefelie who is currently facing investigation by the operatives of the Department of State Services (DSS).

President Tinubu also appointed four new Deputy Governors for the nation’s apex bank.

This was announced in a statement issued by Presidential spokesman, Ajuri Ngelale, on Friday.

The statement said the appointments are subject to confirmation of the Senate.

“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.

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*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.”


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