President Bola Tinubu on Friday approved the nomination of Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN), for a five-year term, subject to confirmation by the Senate. This decision aligns with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which grants the President of the Federal Republic of Nigeria the authority to appoint the Governor and four Deputy Governors for the Central Bank of Nigeria, contingent upon Senate confirmation.
The President’s Special Adviser on Media and Publicity, Ajuri Ngelale, made this announcement in a statement issued on Friday. The statement, titled ‘President Tinubu nominates new CBN governor and management team for senate screening and confirmation,’ disclosed these developments.
Additionally, President Tinubu endorsed the nomination of four new Deputy Governors for the Central Bank of Nigeria, also for an initial term of five years, pending their confirmation by the Senate. The nominated individuals are Mrs. Emem Usoro, Mr. Muhammad Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello.
Further details will be provided shortly.
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