The recently nominated governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assumed duty as acting governor of the bank.
The CBN disclosed this in a press statement on Friday.
President Bola Tinubu had on 15th September, 2023, nominated Cardoso to assume the role of CBN Governor for a tenure of five years, subject to the confirmation of the Nigerian Senate, in compliance with Section 8 (1) of the Central Bank of Nigeria Act, 2007.
The press release from the apex bank disclosed that Cardoso, together with his designated deputies, took the oath of office on Friday, at the bank’s Head Office in Abuja.
“Dr. Olayemi Michael Cardoso, recently nominated by President Bola Ahmed Tinubu, has on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the Central Bank of Nigeria (CBN), pending his confirmation by the Senate.
“This follows the resignation of Mr Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN), Similarly, the Deputy-Governors-Designate have also assumed duty, in acting capacities, the sequel to the formal resignation of Mr Folashodun Shonubi, Mrs Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.
“Dr Cardoso and his colleagues subscribed to the relevant oaths of office at a brief ceremony held at the Bank’s Head Office in Abuja, on Friday, September 2023, and have since settled down to the task of administering monetary and financial sector policies of the Federal Government,” the statement read.