Dr. Olayemi Cardoso, nominee for the position of Governor of the Central Bank of Nigeria (CBN), formally assumed office on Friday, September 22, 2023, in an acting capacity, pending his confirmation by the Senate.
This follows the resignation of Mr. Godwin Emefiele as CBN Governor and the subsequent resignation of the four CBN Deputy Governors.
The Deputy Governor-designates, Emem Usoro, Muhammad Abdullahi-Dattijo, Philip Ikeazor, and Bala Bello, also assumed office on Friday, in acting capacities. 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.
The Senate is expected to screen Dr. Cardoso and the other CBN executives as soon as it gets an Executive Communication to that effect upon its resumption from its annual recess.
In the meantime, Dr. Cardoso and his colleagues have settled down to the task of administering monetary and financial sector policies of the Federal Government.
The Central Bank of Nigeria has also postponed the Monetary Policy Committee’s 293rd meeting, which was scheduled for Monday and Tuesday, September 25 and 26, 2023.