Dr. Yemi Cardoso Assumes Office as CBN Governor, Emefiele’s Resignation Confirmed

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In a significant development, Dr. Olayemi Cardoso has officially taken office as the acting Governor of the Central Bank of Nigeria (CBN) on Friday, September 22, 2023. This follows the resignation of his predecessor, Mr. Godwin Emefiele, whose departure has been confirmed by the CBN.

Dr. Isa AbdulMumin, the Director of Corporate Communications at the CBN, made this announcement. Dr. Cardoso will serve as the acting CBN governor until the Senate reconvenes from their annual recess and confirms his appointment.

Furthermore, it was revealed that the deputy governor-designates have also assumed their roles in the CBN. These deputy governors include Emem Usoro, Muhammad Abdullahi-Dattijo, Philip Ikeazor, and Bala Bello. They have all taken the relevant oaths of office at a brief ceremony held at the CBN’s Head Office in Abuja.

The new leadership team is now tasked with the crucial responsibility of administering monetary and financial sector policies on behalf of the Federal Government. This development marks a significant change in the leadership of the CBN and will be closely watched by financial markets and the Nigerian public alike. Stay tuned for further updates as this story unfolds.

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