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Yemi Cardoso Assumes Role As Acting CBN Governor Amidst Pending Confirmation



Olayemi Cardoso has officially taken on the role of acting Governor of the Central Bank of Nigeria (CBN), News About Nigeria reports 

The recent development comes as President Bola Tinubu nominated Cardoso as the prospective governor of Nigeria’s apex bank, pending confirmation by the Senate.

In a statement released by Isa Abdulmumin, the CBN’s Director of Corporate Communication, it was confirmed that Cardoso assumed his duties in an acting capacity following the resignation of Godwin Emefiele as Governor of the Central Bank of Nigeria.

Additionally, the Deputy Governors Designate have also taken on their roles in acting capacities following the formal resignations of Folashodun Shonubi, Aishah Ahmad, Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.

The statement read in part, “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.”

Cardoso, along with his colleagues, took their oaths of office at a brief ceremony held at the Bank’s Head Office in Abuja.

Cardoso and his team will be saddled with the responsibility of overseeing monetary and financial sector policies on behalf of the Federal Government, pending their confirmation from the Senate.

The acting governor brings a wealth of experience to his new role, having previously served as an Economic and Development Policy Advisor, Financial Sector Leader, Chairman of Citi Nigeria, and Commissioner for Economic Planning and Budget in Lagos.