- Pix above: Dr. Olayemi Michael Cardoso
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President Bola Tinubu has appointed Dr. Olayemi Michael Cardoso, former Citibank Nigeria Board Chairman, as the new Governor of the Central Bank of Nigeria (CBN).
The nomination is for a term of five years at the first instance, pending his confirmation by the Senate.
A statement by his spokesman, Chief Ajuri Ngelale, explained the directive is in conformity with Section 8 (1) of the Central Bank of Nigeria 2007, which vests in the President of the Federal Republic of Nigeria, the authority to appoint the Governor and Four (4) Deputy Governors for the Central Bank of Nigeria (CBN), subject to confirmation by the Senate of the Federal Republic of Nigeria.
Tinubu also approved the nomination of four new Deputy Governors of the Central Bank of Nigeria (CBN) for a term of five years at the first instance, pending their confirmation by the Senate.
The new Deputy Governors are:
(1) Mrs. Emem Nnana Usoro
(2) Mr. Muhammad Sani Abdullahi Dattijo
(3) Mr. Philip Ikeazor
(4) Dr. Bala M. Bello
Ten (10) introductory things to know about the new CBN Governor :
1. Olayemi Micheal Cardoso is a banker and chartered stockbroker
2. He served as the former chairman of Citibank Nigeria for 12 years until his resignation in 2022.
3. He was the Commissioner for Lagos State Ministry of Economic Planning and Budget in 1999.
4. He was the Chairman of the board of the African Venture Philanthropy Alliance
5. He has served as a board member of MRS Oil formerly known as Texaco Ltd.
6. Cardoso studied managerial and administrative studies at the Aston University, where he obtained a Bachelor of Science (B.Sc.) degree;
7. He has a Master’s degree from the Harvard Kennedy School in Public Administration.
8. Cardoso is a member of the advisory board of Lagos Business School
9. He is also a former executive lead at Harvard Kennedy School alumni association
10. His father, Felix Bankole Cardoso, was the first indigenous Accountant-General of the Federation of Nigeria in 1963 and the first indigenous Vice Chairman and Managing Director of Barclays Bank of Nigeria shortly after joining the bank in 1972./SHARE THIS
