How Emefiele resigned as CBN Governor, paved way for Cardoso

Fresh development has revealed that the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, resigned his appointment as the apex bank governor in August before President Bola Tinubu appointed Olayemi Cardoso as his replacement.

According to Reuters, some government sources disclosed that the suspended CBN governor resigned and paved the way for Cardoso to be successfully appointed to take over.

Emefiele was suspended by President Tinubu in June, barely one month after he took over from former President Muhammadu Buhari.

The suspended CBN governor had since then been arrested and detained by the Department of State Service (DSS). The secret police have charged him with procurement fraud he is currently facing another legal charge from the DSS.

According to Ajuri Ngelale, the spokesperson to President Tinubu, the names of Cardoso and four other nominees as deputy governors of the apex bank were forwarded to the Senate for screening and confirmation.

The statement reads in part: "The President expects the above listed nominees to successfully implement critical reforms at the Central Bank of Nigeria, which will enhance the confidence of Nigerians and international partners."

However, the CBN did not respond to the request on whether the suspended CBN governor and his deputies resigned and the President's spokesperson, Ngelale, declined to comment on the development.