By Nudoiba Ojen
President Bola Tinubu has approved the nomination of Dr Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN) for a term of five years at the first instance, pending his confirmation by the Nigerian Senate.
This was disclosed by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, in a statement in Friday.
Ngelale stated that the President’s action “is in conformity with Section 8(1) of the CBN 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.
“Furthermore, President 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
“In line with President Tinubu’s Renewed Hope agenda, the President expects the above listed nominees to successfully implement critical reforms at the CBN, 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 stated.
