The Central Bank of Nigeria (CBN) has confirmed the resignation of Mr Godwin Emefiele as its governor, three months after being suspended from office by President Tinubu.
Nigeria’s President, Bola Ahmed Tinubu, has nominated Olayemi Michael Cardoso as the new Central Bank of Nigeria (CBN) Governor, pending confirmation by the Senate.
Emefiele was suspended due to an ongoing investigation into his office and planned reforms in the economy’s financial sector. Cardoso, a former chairman of Citibank Nigeria, has over 30 years of experience in the financial and development sectors. He has also served as Commissioner for Economic Planning and Budget for Lagos State, where he championed the financial reform process and led to the development of independent tax revenues.
The bank announced Cardoso’s appointment on September 22, 2023.
