BREAKING: Tinubu names new CBN Governor, Management Team [Full List]
President Bola Ahmed Tinubu has given his approval for the appointment of Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN).
The announcement was made by Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, in a statement released on Friday.
According to the statement, Dr. Cardoso will initially serve a five-year term, awaiting confirmation by the Nigerian Senate.
This decision aligns with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which grants the President of Nigeria the authority to appoint the Governor and four Deputy Governors for the CBN, subject to Senate confirmation.
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Furthermore, President Bola Tinubu has also given his nod to the nomination of four new Deputy Governors for the CBN. They, too, will serve an initial five-year term, pending confirmation by the Nigerian Senate.
The names of the nominees are as follows:
(1) Mrs. Emem Nnana Usoro
(2) Mr. Muhammad Sani Abdullahi Dattijo
(3) Mr. Philip Ikeazor
(4) Dr. Bala M. Bello
“In line with President Bola Tinubu’s Renewed Hope agenda, 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 in the restructuring of the Nigerian economy toward sustainable growth and prosperity for all,” Ngelale said.
