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Olayemi Cardoso was Appointed to Rescue CBN’s Image

On Wednesday (Sept. 27), the presidency provided an explanation for President Bola Tinubu’s decision to appoint a new leadership group for the Central Bank of Nigeria (CBN).

Following the resignation of Godwin Emefiele as CBN governor, the president on Sept. 15 nominated Dr Olayemi Cardoso, a former commissioner for economic planning and budget in Lagos State, to take over in a substantive capacity.

He also proposed the four candidates for deputy governors of the top bank: Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and Bala M. Bello.

The Senate on Tuesday (Sept. 27) confirmed the group.

The CBN’s new management team was chosen, according to a statement from Abdullahi Gumel, Senior Special Assistant to the President on National Assembly Matters (Senate), to reorganise the bank and bring it into line with its obligations.

He emphasised that Tinubu’s selection of the team was a part of efforts to turn around the struggling Nigerian economy.

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“The CBN’s image was badly battered so, this team that has come on board is a rescue team.

“They have come to rescue the image of the CBN.

“In fact, it is not only Nigerians that are waiting for the CBN’s new management to be up and running but the ECOWAS sub-region and the African Union (AU).

“They are waiting for Nigeria to get back the economy so that everybody will feel secure and happy.”

The presidential aide also commended the Senate for confirming the appointment of Cardoso and his team members on its first day after recess.

“The screening was successful as robust questions concerning the economy were asked.

“The lawmakers told the CBN governor and the deputy governors the feelings of Nigerians and what they talked to the team about is reflective of what Nigerians feel about the CBN,” Gumel said.

Mo Isa
Mo Isa
Mo Isa is writer whose pen only curate the latest news within your neighbourhood.

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