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Business News of Saturday, 23 September 2023


Cardoso, acting deputies assume office pending confirmation

Yemi Cardoso Yemi Cardoso

The nominee for the position of governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has officially assumed office on Friday.

According to a statement by the Director, Corporate Communications at the CBN, Dr Isa AbdulMumin, the new acting governor assumed duty pending confirmation by the Senate, who are currently on their annual recess.

It was also noted that the deputy governor-designates had assumed office following the resignation of the previous deputies.

The statement read, “Dr. Olayemi Michael Cardoso, recently nominated by President Bola Ahmed Tinubu, has on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the Central Bank of Nigeria, pending his confirmation by the Senate. This follows the resignation of Mr Godwin Emefiele as Governor of the CBN.

“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 Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.”

The deputy-governors-designate are Emem Usoro, Muhammad Abdullahi-Dattijo, Philip Ikeazor, and Bala Bello.

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.

It added that they had since settled down to the task of administering monetary and financial sector policies of the Federal Government.

The Senate spokesperson and the Chairman, the Senate Committee on Media and Publicity, Yemi Adaramodu, told the PUNCH earlier that the Senate would screen the governor and other executives of the CBN as soon as it got an Executive Communication to that effect upon its resumption from its annual recess.

Also, the PUNCH reported that the Central Bank of Nigeria postponed the Monetary Policy Committee’s 293rd meeting, which was scheduled for September 25 and 26, 2023.