Nigerian President Nominates Olayemi Cardoso as Next Central Bank Governor: Latest Updates

2023-09-22 14:31:43

Olayemi Cardoso, recently nominated by Nigerian President Bola Ahmed Tinubu to become the country’s next central bank governor, took office on Friday pending formal confirmation by the Senate, the central bank said.

Mr Cardoso takes office following the resignation of Godwin Emefiele, who was suspended as central bank chief by Mr Tinubu in June and subsequently detained by police and accused of procurement fraud. markets.

Four new deputy governors-designate also started work on Friday in an acting capacity following the resignation of Emefiele’s deputies as well as Folashodun Shonubi, who acted as governor following Emefiele’s suspension, the central bank said in a statement .

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Alexandra Hartman Editor-in-Chief

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