Following the resignation of Godwin Emefiele, Dr. Olayemi Michael Cardoso has formally assumed duty as the acting Governor of the Central Bank of Nigeria (CBN).
This was disclosed via a press release by the apex bank.
The statement noted that Dr. Cardoso assumed duty as the acting Governor of the CBN, pending his confirmation by the Senate.
Similarly, the Deputy-Governors-Designate have also assumed duty, in acting capacities, sequel to the formal resignation of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.
The statement noted that Dr. Cardoso and his colleagues subscribed to the relevant oaths of office at a brief ceremony held at the Bank’s Head Office in Abuja, on Friday, September 2023, and have since settled down to the task of administering monetary and financial sector policies of the Federal Government.
An Economic and Development Policy Advisor, Financial Sector Leader, former Chairman Citi Nigeria and Commissioner for Economic Planning and Budget in Lagos, Cardoso brings over three decades of managerial experience on board. He is an alumnus of Aston University, Birmingham, United Kingdom, where he studied managerial and administrative studies. He also holds a Master’s degree in Public Administration from the Harvard Kennedy School, United States of America.
Recall that President Bola Tinubu had, on 15th September 2023, nominated Dr. Cardoso and his colleagues to their respective positions, subject to their confirmation by the Senate.