Tinubu sends new CBN governor, management team nominees to Senate

PRESIDENT Bola Tinubu has approved the nomination of Olayemi Michael Cardoso to serve as the new governor of the Central Bank of Nigeria, CBN, for a term of five 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 deputy governors for the Central Bank of Nigeria, subject to confirmation by the Senate of the Federal Republic of Nigeria.

Also, Tinubu has approved the 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 Nigerian Senate, as listed below: Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and  Bala M. Bello.

In line with the President’s Renewed Hope agenda, he expects the listed nominees to successfully implement critical reforms at the Central Bank of Nigeria, which will enhance the confidence of Nigerians and international partners in the restructuring of the Nigerian economy toward sustainable growth and prosperity for all, according to a release by Ajuri Ngelale, special adviser to the president, Media  and Publicity, September 15.