BREAKING: Tinubu Nominates Yemi Cardoso as New CBN Governor

BREAKING: Tinubu Nominates Yemi Cardoso as New CBN Governor

  • After months of anxiety about who would become the next Governor of the Central Bank of Nigeria (CBN), President Bola Tinubu has approved a new candidate
  • President Tinubu nominated Dr. Olayemi Michael Cardoso to head the affairs of the apex bank
  • Similarly, President Tinubu nominated four other experts to deputise Cardoso in restructuring Nigeria's economy

FCT, Abuja - President Bola Ahmed Tinubu has nominated Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN), who will replace the embattled Godwin Emefiele suspended months ago.

The nomination of Cardoso was made known on Friday, September 15, via a statement issued by Ajuri Ngelale, the special adviser to the President on media and publicity.

Tinubu, Cardoso
Dr. Yemi Cardoso will appear before the Senate for screening and confirmation. Photo Credit: @OfficialABAT/@DrYemiCardoso
Source: Twitter

Cardoso's appointment for a five-year term will be subject to the screening and confirmation of the Nigerian Senate.

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The statement reads:

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"This directive is in conformity with Section 8 (1) of the Central Bank of Nigeria Act, 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 appoints four experts to deputise Cardoso

Similarly, President Tinubu also approved the nomination of four other deputies who make up the top management team of the apex bank.

These four deputies subject to Senate screening and confirmation include Mrs. Emem Nnana Usoro, Mr. Muhammad Sani Abdullahi Dattijo, Mr. Philip Ikeazor and Dr Bala M. Bello.

As the statement states, these appointees are expected "to successfully implement critical reforms at the Central Bank of Nigeria, which will enhance the confidence of Nigerians and international partners in the restructuring of the Nigerian economy toward sustainable growth and prosperity for all."

Read also

BREAKING: Tinubu appoints El-Rufai’s commissioner as CBN deputy governor

Tinubu sacks Nami, appoints Adedeji as FIRS boss

Meanwhile, President Bola Tinubu has terminated Muhammad Nami's appointment as the FIRS chairman.

The president subsequently approved the appointment of his special adviser on revenue, Zacchaeus Adedeji, as the acting chairman of the tax commission.

Nami was the second appointee of former President Muhammadu Buhari, whom President Tinubu would be sacked in the first half of September.


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Segun Adeyemi (Current Affairs and Politics Editor) Segun Adeyemi is a journalist with over 9 years of experience as an active field reporter, editor, and editorial manager. He has had stints with Daily Trust newspaper, Daily Nigerian, and News Digest. He currently works as an editor for's current affairs and politics desk. He holds a degree in Mass Communication (Adekunle Ajasin University). He is a certified digital reporter by Reuters, AFP and the co-convener of the annual campus journalism awards. Email: