The newly nominated Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has formally assumed duty at the apex Bank in an acting capacity pending the confirmation of his appointment by the Senate.
President Bola Tinubu recently nominated Cardoso as acting CBN Governor following the formal resignation of the embattled former governor of the bank, Mr. Godwin Emefiele.
The director of Corporate Communication of the CBN, Isa AbdulMumin, who disclosed this in a statement on Friday, also informed that the deputy governors-designates 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, 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.
Cardoso and his four deputies were appointed to their respective positions at the apex bank on September 15, 2023.
The now former CBN governor, Emiefele, has been in detention for months following his arrest by the Department of State Service over allegations bordering on corruption and abuse of office.