Cardoso assumes office as CBN Governor
By Emma Ogbuehi
Dr. Olayemi Cardoso has assumed office as Governor of the Central Bank of Nigeria (CBN).
A statement by the Director of Corporate Communication of the apex Bank, Dr. Isa Abdulmumin, disclosed this in a statement today, Friday.
He added that Dr. Cardoso would occupy the office in acting capacity pending the confirmation of his nomination by the National Assembly.
If confirmed, he is expected to serve for a term of five years, which is renewable for another five years.
Cardoso was Lagos Economic Planning and Budget Commissioner when Tinubu was Governor between 1999 and 2007.
The Director confirmed the resignation of Mr. Godwin Emefiele as CBN Governor, as Cardoso resumes.
Similarly, Mr. Folashodun Shonubi, who has been acting as CBN Governor since the suspension of Mr. Emefiele, has also resigned, along with all the Deputy Governors of the CBN.
TheNiche had earlier reported that Emefiele, who is under pressure and investigation, resigned as Central Bank of Nigeria (CBN) Governor in August, two months after his suspension in June by President Bola Tinubu.
Emefiele tendered his resignation letter to Tinubu, in line with the Constitution which gives the power to the President to hire and fire the CBN Governor, with the approval of the Senate in either case.
Emefiele reportedly initially submitted his resignation letter to the Department of State Services (DSS), but it was rejected as the law only allows him to submit it to the President.
