By Ignatius Ushie

Infinity Tyres

The newly appointed Governor of Central Bank of Nigeria (CBN), Dr. Olayemi Michael Cardoso, Friday, assumed office in acting capacity.

Cardoso was recently nominated by President Bola Ahmed Tinubu, pending confirmation by the Senate.

A statement by the CBN Director, Corporate Communications Dr. Isa AbdulMumin revealed that already Mr. Godwin Emefiele has formally resigned as Governor of the country’s apex bank.

According to the statement, “Similarly, the Deputy-Governors-Designate have also assumed duty, in acting capacities, sequel to the formal resignation of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.

“Dr. Cardoso and his colleagues subscribed to the relevant oaths of office at a brief ceremony held at the Bank’s Head Office in Abuja, on Friday, September 2023, and have since settled down to the task of administering monetary and financial sector policies of the Federal Government.

An Economic and Development Policy Advisor, Financial Sector Leader, former Chairman Citi Nigeria and Commissioner for Economic Planning and Budget in Lagos, Cardoso brings over three decades of managerial experience on board.”

He is an alumnus of Aston University, Birmingham, United Kingdom, where he studied managerial and administrative studies.

He also holds a Master’s degree in Public Administration from the Harvard Kennedy School, United States of America.”

Cardoso and his colleagues were appointed to their respective positions at the Bank on September 15, 2023.