Dr. Olayemi Michael Cardoso, recently nominated by President Bola Ahmed Tinubu, formally assumed duty as acting Governor of the Central Bank of Nigeria (CBN), on Friday, September 22, 2023, pending his confirmation by the nation’s Senate.
Similarly, the Deputy-Governors-Designate have also assumed duty, in acting capacities, sequel to the formal resignation of Folashodun Shonubi, Mrs. Aishah Ahmad, Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.
This, according to a statement by Isa AbdulMumin, Director, Corporate Communications at the apex bank, follows the resignation of Godwin Emefiele as CBN Governor.
It will be recalled that Dr. Cardoso and his colleagues were appointed to their respective positions at the Bank on September 15, 2023, subject to their confirmation by the Senate.
The acting governor 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 2023, and have since settled down to the task of administering monetary and financial sector policies of the Federal Government.
Cardoso, an Economic and Development Policy Advisor, Financial Sector Leader, was former Chairman Citi Nigeria and Commissioner for Economic Planning and Budget in Lagos, and brings on board over three decades of managerial experience.
He is an alumnus of Aston University, Birmingham, United Kingdom, where he studied managerial and administrative studies, in addition to holding a Master’s degree in Public Administration from the Harvard Kennedy School, United States of America.