President Bola Tinubu has officially nominated Dr. Olayemi Cardoso as the prospective Governor of the Central Bank of Nigeria (CBN) for five years, pending confirmation by the Senate.
This nomination aligns with the provisions of Section 8 (1) of the Central Bank of Nigeria Act, 2007, which empowers the President of Nigeria to appoint the CBN Governor and four Deputy Governors, subject to Senate confirmation.
The announcement was made through a statement released by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale.
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The statement, titled ‘President Tinubu nominates new CBN governor and management team for senate screening and confirmation,’ read:
“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,” a statement signed by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale, revealed on Friday.
Tinubu also approved the nomination of four new Deputy Governors of the Central Bank of Nigeria for 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.
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