JUST IN: Cardoso Resumes Position as CBN confirms Emefiele’s resignation

Dr. Olayemi Cardoso, the candidate for governor of the Central Bank of Nigeria, official took office on Friday.

Cardoso took over as acting governor of the CBN while the Senate, which is currently on its annual recess, considers whether to confirm him, according to a statement by Dr. Isa AbdulMumin, the CBN’s director of corporate communications.

Additionally, it was mentioned that the newly appointed deputy governor took over after the outgoing deputy governor resigned.

The statement said, “Dr. On Friday, September 22, 2023, Olayemi Michael Cardoso, who was recently nominated by President Bola Ahmed Tinubu, formally took over in an acting capacity as the Governor of the Central Bank of Nigeria, pending confirmation by the Senate. This comes after Mr. Godwin Emefiele’s resignation from his position as governor of the CBN.

“The Deputy-Governors-Designate have also taken over in an acting capacity as a result of the formal resignation of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Adamu, and Dr. Kingsley Obiora from their positions as Deputy Governors of the Central Bank of Nigeria.

Emem Usoro, Muhammad Abdullahi-Dattijo, Philip Ikeazor, and Bala Bello are the newly elected deputy governors.

In a brief ceremony held at the Bank’s head office in Abuja on Friday, September 2023, Dr. Cardoso and his coworkers took the appropriate oaths of office, according to the statement.

They have since started working on implementing the federal government’s financial and monetary policies, it was added.

The Senate will screen the governor and other CBN executives as soon as it receives an executive communication to that effect upon returning from its annual break, according to Yemi Adaramodu, the Senate spokesperson and chairman of the committee on media and publicity.

The Monetary Policy Committee’s 293rd meeting was originally slated for Monday and Tuesday, September 25 and 26, 2023, but the Central Bank of Nigeria postponed it, according to GISTLOVER.