Tinubu Nominates CBN Governor, Four Other New Appointments

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.

The President also nominated four new Deputy Governors of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance and they include; Mrs. Emem Nnana Usoro, Mr. Muhammad Sani Abdullahi Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello.

This was made known in a State House Press Release by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale on Friday which charged the 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.

Part of the statement reads; “This directive conforms 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 (4) Deputy Governors for the Central Bank of Nigeria (CBN), subject to confirmation by the Senate of the Federal Republic of Nigeria.”

Recall that the former Governor of the Central Bank of Nigeria Godwin Emefiele has been in the custody of the State Security Service, SSS, over allegations of treason and others.