Crime News

Tinubu appoints Cardoso as new CBN Governor

 

By DAVID IORJA, Abuja –

 

President Bola Tinubu has approved the nomination of Dr Olayemi Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five years at the first instance.

 

The Special Adviser to the President on Media and Publicity, Ajuri Ngelale disclosed this in a statement issued on Friday in Abuja.

 

Ngelale said that the appointment would be subject to confirmation by the Senate.

 

New acting CBN Governor, Dr Olayemi Cardoso

He said that the directive was in conformity with Section 8 (1) of the CBN Act, 2007, which vests in the President of the Federal Republic of Nigeria, the authority to appoint the CBN Governor and four Deputy Governors.

 

Ngelale added that the President also approved the nomination of Mrs Emem Nnana Usoro, Mr Muhammad Sani Abdullahi Dattijo, Mr Philip Ikeazor and Dr Bala M. Bello as CBN Deputy Governors for a term of five years.

 

He said that the deputy governors’ appointments were also subject to Senate confirmation.

 

The president aide said Tinubu urged to nominees to implement critical reforms at the apex bank in order to inspire the confidence of Nigerians and international partners in the restructuring of the economy.

 

 

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