President Bola Tinubu on Friday approved the nomination of Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN).
The appointment is for a term of five (5) years at the first instance, pending his confirmation by the Nigerian Senate.
Ajuri Ngelale, Special Adviser to the President on media and publicity confirmed this in a statement in Abuja.
Cardoso, from Lagos State was a former Commissioner in Lagos State when President Tinubu was the governor
” 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,” the statement said.
Ngelale further said President 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.
They are : (1) Mrs. Emem Nnana Usoro, (2) Mr. Muhammad Sani Abdullahi Dattijo, (3) Mr. Philip Ikeazor and (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, ” Ngelale explained. (vitalnewsngr.com)