CBN confirms Emefiele’s resignation as Dr. Olayemi Cardoso, the candidate for governor of the Central Bank of Nigeria, formally started his duties on Friday.
Cardoso formally acting CBN governor will take full charge
Cardoso took over as acting governor of the CBN while the Senate, which is presently in session for the annual break, considers whether to confirm him, according to a statement from Dr. Isa AbdulMumin, director of corporate communications at the CBN.
It was also mentioned that the incoming deputy governor took over when the outgoing deputy governor resigned. “Dr. Olayemi Michael Cardoso, recently nominated by President Bola Ahmed Tinubu, has officially assumed duty, in an acting capacity, as the Governor of the Central Bank of Nigeria, effective Friday, September 22, 2023, pending his confirmation by the Senate,” said the statement. This comes after Mr. Godwin Emefiele’s resignation from his position as CBN Governor.
As a result of the formal resignations of Mr Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN, the Deputy-Governors-Designate have also taken over their positions in an acting capacity. Emem Usoro, Muhammad Abdullahi-Dattijo, Philip Ikeazor, and Bala Bello are the candidates for deputy governor.
Dr Cardoao took Oath of office
The statement said that on Friday, September 20, 2023, a brief ceremony was held at the Bank’s head office in Abuja during which Dr. Cardoso and his coworkers took the appropriate oaths of office. They have subsequently started working on implementing the federal government’s monetary and financial sector policies, it was further said.
According to Jerrymusa.com The Senate will screen the governor and other CBN executives as soon as it receives an executive communication to that effect upon returning from its annual break, according to Yemi Adaramodu, the Senate spokesperson and chairman of the committee on media and publicity.
The Monetary Policy Committee’s 293rd meeting, which was slated to take place on Monday and Tuesday, September 25 and 26, 2023, has also been postponed, according to the our correspondent.