Breaking News: Olayemi Michael Cardoso assumes duty as acting CBN governor

“This change in leadership at the CBN is coming on the heels of the resignation of Godwin Emefiele, the former governor who is in detention for multi-dimensional criminal offenses.”

*Olayemi Michael Cardoso

PEGASUS REPORTERS, LAGOS | SEPTEMBER 23, 2023

Olayemi Michael Cardoso has officially assumed the role of acting governor of the Central Bank of Nigeria (CBN).

It will be recalled that the president President Bola Tinubu nominated him for the position on September 15, 2023 which is still awaiting confirmation by the Senate.

This change in leadership at the CBN is coming on the heels of the resignation of Godwin Emefiele, the former governor who is in detention for multi-dimensional criminal offenses.

A statement from the CBN signed by the Director of Corporate Communications, Isa Abdul-Mumin noted that the Deputy-Governors-Designate have also assumed their roles in acting capacities following the resignations of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.

Cardoso and his colleagues took their oaths of office at a brief ceremony held at the CBN’s head office in Abuja.

Cardoso holds degrees from Aston University in the United Kingdom and the Harvard Kennedy School in the United States.

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Olayemi