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CBN: Senate Confirms Appointment Of Cardoso, Four Others

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The appointment of Yemi Cardoso as the governor of Central Bank of Nigeria (CBN) has been confirmed by the Nigerian Senate.

The Senate also confirmed the appointment of four others as deputy governors of the apex bank.

Their appointment was confirmed after their screening by the upper legislative body today September 26.

Confirmed as deputy governors are Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and Bala Bello.

“The nomination of Olayemi Cardoso is hereby confirmed as governor of the Central Bank of Nigeria (CBN),” Senate President Godswill Akpabio said

Before their confirmation, the nominees had answered questions on matters related to economic and other policies. During the screening, Cardoso promised to embrace compliance, assuring that under his leadership, the apex bank would remain apolitical.

“I believe that the Central Bank under our watch will have no choice but to embrace a culture of compliance. We will not wait for oversight to come and tell us what to do. We will ensure that by the time the system is passing through us, we catch it and we deal with it,” said Cardoso who promised zero tolerance for abuse of compliance. That is a cultural shift, a change in mindset, but we will make sure it happens,” Cardoso said.

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