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JUST-IN: Cardoso Assumes Duty As CBN Governor

BY: HighCelebritySquard 




Dr. Olayemi Michael Cardoso, who was recently nominated by President Bola Ahmed Tinubu as the new Governor of Central Bank of Nigeria (CBN), has formally assumed duty at the apex Bank in an acting capacity pending the confirmation of his appointment by the Senate.

The development follows the formal resignation of Mr. Godwin Emefiele as governor CBN, the director of Corporate Communication of the CBN, Isa AbdulMumin, said in a statement on Friday.


Also, the deputy dovernors-designate of the Bank have assumed duty alongside Cardoso in acting capacity, sequel to the formal resignations of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora, as deputy governors of the CBN.

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, September 22, 2023, and have settled down to the task of administering monetary and financial sector policies of the federal government, the CBN spokesman stated.


An economic and development policy advisor, financial sector leader, former chairman of CitiBank Nigeria and Commissioner for Economic Planning and Budget in Lagos State, Cardoso brings over three decades of managerial experience on board.

He is an alumnus of Aston University, Birmingham, United Kingdom, where he studied managerial and administrative studies.


He also holds a master’s degree in public administration from the Harvard Kennedy School, United States of America.


A reliable source reports that Dr. Cardoso and his four deputies were appointed to their respective positions at the apex bank on September 15, 2023.

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