Senate Okays Cardoso As CBN Governor, Four Other Deputies - EDU-BIZNEWS


Wednesday, September 27, 2023

Senate Okays Cardoso As CBN Governor, Four Other Deputies

Nigeria's Senate has confirmed the appointment of Yemi Cardoso as the Central Bank of Nigeria (CBN) new governor, replacing erstwhile embattled governor, Godwin Emefiele who standing trial for alleged N6.9b fraud 

Cardoso was confirmed alongside 
four others as deputy governors of the apex bank, after proper scrutiny by legislators during their resumed plenary on Tuesday in Abuja 

The deputy governors include Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and Bala Bello.

“The nomination of Olayemi Cardoso is hereby confirmed as governor of the Central Bank of Nigeria (CBN),” Senate President Godswill Akpabio said.

Cardoso responding to issues raised on economy and  policies during the screening,promised to embrace compliance, assuring that under his leadership, the apex bank would remain apolitical.

“I believe that the Central Bank under our watch will have no choice but to embrace a culture of compliance,” he assured 

“We will not wait for oversight to come and tell us what to do. We will ensure that by the time the system is passing through us, we catch it and we deal with it,” the former chairman of CitiBank Nigeria added 

“That is a cultural shift, a change in mindset, but we will make sure it happens,” he stressed 

 President Bola Tinubu had nominated Cardoso weeks ago as the acting CBN governor and four others as deputies.

He assumed office last week, replacing the then-acting governor of the CBN Folashodun Shonubi.

Edu-Biznews recalled that Emefiele was suspended by President Tinubu for alleged role in the failed naira redesign and poor implementation of naira swap policy of the apex bank which subjected Nigerians to untold economic hardship 

Emefiele, who has been released on bail from  the custody of the Department of State Services (DSS)  is being tried for  alleged financial crime involving N6.9b fraud

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