Connect with us


BREAKING: Tinubu Appoints Olayemi Cardoso As CBN Governor, Awaits Senate Confirmation



Olayemi Cardoso has been chosen by President Bola Ahmed Tinubu to serve as the new governor of the Central Bank of Nigeria.

President Bola Tinubu also nominated four other people to fill the position of the bank’s deputy governors, according to Ajuri Ngelale, the president’s spokesperson, who announced the appointment in a statement on Friday.

“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,” statement by Mr Ngelale read.

Emem Nnana Usoro, Philip Ikeazor, Muhammad Sani Abdullahi Dattijo, and Bala M. Bello are among those nominated for positions as deputy governors.

News About Nigeria recalls that Godwin Emefiele, the top bank executive at the time, was suspended by Bola Tinubu when he became the nation’s president. In the administration of President Muhammadu Buhari, Mr. Emefiele, who was appointed by Goodluck Jonathan, served as bank governor for an additional 8 years.

Mr Emefiele who became popular after the Naira redesign and cash withdrawal policy is currently in the custody of the Department of States Services.

Emefiele was arraigned in a federal high court in Ikoyi on July 25 on a two-count charge of “illegal possession” of firearms and was granted N20 million bail.

The presiding judge, Nicholas Oweibo, had ordered that Emefiele be held in the custody of the Nigeria Correctional Service until his bail conditions were met.

However, Godwin Emefiele, the Central Bank of Nigeria’s suspended governor, was recently charged with a new 20-count indictment by the Federal Government before an Abuja High Court.