BREAKING: Tinubu Appoints Olayemi Michael Cardoso CBN Governor

President Bola Tinubu has appointed Dr. Olayemi Michael Cardoso as Governor of the Central Bank of Nigeria, CBN.

Daily Report Nigeria reports that Olayemi’s appointment was contained in a statement on Friday by Tinubu’s spokesperson, Ajuri Ngelale.

According to the statement, Tinubu also approved the nomination of four persons to serve as Deputy Governors of the CBN.

The new CBN governor and deputies will serve out a five-year term pending their screening and confirmation by the Senate.

The statement read:

“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.

“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