President Bola Tinubu on Friday approved the nomination of Dr. Olayemi Cardoso to serve as the new Governor of the Central Bank of Nigeria for a term of five years at the first instance, pending his confirmation by the Senate.
A statement signed by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale, disclosed that “This directive is in conformity with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which vests in the President of the Federal Republic of Nigeria, the authority to appoint the Governor and four Deputy Governors for the Central Bank of Nigeria, subject to confirmation by the Senate of the Federal Republic of Nigeria,” .
The statement is titled ‘President Tinubu nominates new CBN governor and management team for senate screening and confirmation.’
Tinubu also approved the nomination of four new Deputy Governors of the Central Bank of Nigeria, for a term of five years at the first instance, pending their confirmation by the Nigerian Senate.
They include Mrs. Emem Usoro, Mr. Muhammad Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello.
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