President Bola Tinubu has nominated Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria for a term of five years at the first instance, pending his confirmation by the Senate.
Cardoso’s nomination is announced via a statement the President’s Special Adviser on Media and Publicity, Ajuri Ngelale, released on Friday.
The statement titled, ‘President Tinubu nominates new CBN governor and management team for senate screening and confirmation,’ read in part, “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 Deputy Governors for the Central Bank of Nigeria, subject to confirmation by the Senate of the Federal Republic of Nigeria.”
It equally contained Tinubu’s nomination of four new Deputy Governors of the Central Bank of Nigeria, for a term of five years at the first instance, pending their confirmation by the Senate.
They include Mrs. Emem Usoro, Mr. Muhammad Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello.