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Acting CBN Governor Cardoso Resumes Office

by Vicky Oselumese
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Acting CBN Governor Cardoso Resumes Office

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Olayemi Michael Cardoso has assumed the role of acting governor of the Central Bank of Nigeria (CBN) following his appointment by President Bola Tinubu.

However, his appointment is pending confirmation by the Senate.

This change in leadership at the CBN occurred after the resignation of Godwin Emefiele from the position of governor.

In addition to Cardoso, the Deputy-Governors-Designate, including Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora, have also assumed their roles in acting capacities. Cardoso and his colleagues took their oaths of office at a ceremony held at the CBN’s head office in Abuja.

They are now responsible for administering monetary and financial sector policies on behalf of the federal government.

Cardoso brings significant experience to this role, having served in various economic and development positions.

His appointment, along with the other deputy governors, was made on September 15, 2023, and is subject to confirmation by the Senate.


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