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Cardoso assumes office as CBN gov

By Wilson Adekumola   Dr. Olayemi Cardoso who has been nominated as the governor of the Central Bank of Nigeria by President Bola Tinubu has officially assumeed office on Friday.   This was made known in a statement by the Director, Corporate Communications at the CBN, Dr. Isa AbdulMumin noting that Cardoso assumed duty as […]

10 facts about CBN governor-nominee Cardoso The President, Bola Tinubu, on Friday named Olayemi Michael Cardoso as the substantive Governor of the Central Bank of Nigeria. He is expected to replace the Acting Governor of the CBN Folashodun Shonubu if confirmed by the Senate. Below are 10 facts about him. i. Dr. Olayemi Cardoso hails from Lagos State, a city renowned for its vibrant economic and cultural diversity. ii.His parents were descendants of Brazilian returnees who belonged to prominent families in Popo Aguda, adding a rich cultural heritage to his background. iii. Dr. Cardoso's father, Felix Bankole Cardoso, made history as Nigeria's first indigenous Accountant-General of the Federation in 1963, setting a high bar for public service. iv. His academic journey began at Corona School Ikoyi, where he received his primary education, followed by St. Gregory's College in Lagos for his secondary education. v. Dr. Cardoso's pursuit of knowledge took him to Aston University, where he earned a Bachelor's degree (B.Sc.) in Managerial and Administrative Studies in 1980. vi. He continued his academic journey, earning a Master's degree in Public Administration in 2005 as a Mason Fellow, showcasing his commitment to continuous learning and growth. vii. Dr. Cardoso's career in finance included serving as the former chairman of Citibank Nigeria, where he undoubtedly honed his financial acumen. viii. His commitment to public service led him to serve as the Commissioner for Economic Planning and Budget in Lagos State during President Tinubu's tenure as the governor. ix. Dr. Cardoso is not just a participant in Lagos's economic development but also an architect. He is the founding chairman and co-chair of the Ehingbeti Summit, the Lagos State economic summit. x. Behind the impressive resume, Dr. Cardoso is a family man. He is married with five children and three grandchildren, embodying the values of responsibility and dedication.

By Wilson Adekumola

 

Dr. Olayemi Cardoso who has been nominated as the governor of the Central Bank of Nigeria by President Bola Tinubu has officially assumeed office on Friday.

 

This was made known in a statement by the Director, Corporate Communications at the CBN, Dr. Isa AbdulMumin noting that Cardoso assumed duty as the acting CBN governor pending confirmation by the Senate, who are currently on their annual recess.

 

It was also gathered that the deputy governor-designates have assumed office following the resignation of the previous deputies.

 

The statement read, “Dr. Olayemi Michael Cardoso, recently nominated by President Bola Ahmed Tinubu, has on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the Central Bank of Nigeria, pending his confirmation by the Senate. This follows the resignation of Mr Godwin Emefiele as Governor of the CBN.

 

“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 Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.”

 

The deputy-governors-designate are Emem Usoro, Muhammad Abdullahi-Dattijo, Philip Ikeazor, and Bala Bello.

 

The statement said 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.

 

It further said that they have since settled down to the task of administering monetary and financial sector policies of the Federal Government.

 

The Senate spokesperson and the Chairman, the Senate Committee on Media and Publicity, Yemi Adaramodu, had earlier told journalists that the Senate would screen the governor and other executives of the CBN as soon as it gets an Executive Communication to that effect upon its resumption from its annual recess.

 

It was also gathered that the Central Bank of Nigeria postponed the Monetary Policy Committee’s 293rd meeting, which was scheduled for Monday and Tuesday, September 25 and 26, 2023.