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CBN confirms Emefiele’s resignation, Cardoso assumes office

CBN confirms Emefiele’s resignation, and Cardoso assumes office

Dr. Olayemi Cardoso officially assumed office as the Governor of the Central Bank (CBN) on Friday.

This was confirmed in a statement signed by Dr. Isa AbdulMumin, the Director of Corporate Communications at the CBN.

Cardoso has assumed duty as the acting CBN governor, pending confirmation by the Senate, which is currently on its annual recess.

It was also noted that the deputy governor-designates have assumed office following the resignation of the previous deputies.

The statement read, “Dr. Olayemi Michael Cardoso, recently nominated by President Bola Ahmed Tinubu, has on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the Central Bank of Nigeria, pending his confirmation by the Senate. This follows the resignation of Mr. Godwin Emefiele as Governor of the CBN.

“Similarly, the Deputy Governors-Designate have also assumed duty, in acting capacities, sequel to the formal resignation of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.”

The deputy governors-designate are Emem Usoro, Muhammad Abdullahi-Dattijo, Philip Ikeazor, and Bala Bello.

The statement noted that 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 20, 2023.

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