Nigeria’s President , Bola Tinubu has approved the nomination of Olayemi Michael Cardoso as the new governor of the Central Bank of Nigeria, CBN, to serve for five years at the first instance, pending his confirmation by the Senate.
According to a statement by Tinubu’s spokesman, Ajuri Ngelale, the directive is in conformity 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 deputy governors for the CBN, subject to confirmation by the Senate of the Federal Republic of Nigeria.
Similarly, Tinubu has approved the nomination of four new deputy governors of the CBN, for a term of five years at the first instance, pending their confirmation by the Nigerian Senate, as listed below:
(1) Mrs. Emem Nnana Usoro
(2) Mr. Muhammad Sani Abdullahi Dattijo
(3) Mr. Philip Ikeazor
(4) Dr. Bala M. Bello
Author: Maureen Ikpeama