Senate Announces Date to Screen Cardoso As CBN Governor, 2 Ministerial Nominees

Senate Announces Date to Screen Cardoso As CBN Governor, 2 Ministerial Nominees

  • The Nigerian Senate will screen President Bola Tinubu's new CBN leaders on Tuesday, September 26
  • The media office of Senator Opeyemi Bamidele confirmed the development in a statement issued on Monday
  • Bamidele also said the Senate would conduct screening for the two newly appointed ministers on October 3

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FCT, Abuja - The Senate will screen the former chairman of the Board of Citi Bank Nigeria, Olayemi Cardoso, for the position of governor of the Central Bank of Nigeria (CBN) on Tuesday, September 26.

Senate, Bola Tinubu, Yemi Cardoso, CBN
The Senate will screen Cardoso and his deputies alongside two new ministers. Photo credit: The Senate President - Nigeria, @Mr_JAGs
Source: Facebook

The federal lawmakers will also screen four nominees for the positions of CBN deputy governors, who will join forces with Cardoso to steer affairs of the apex bank in the next five years, Channels TV reported.

The Senate will screen all the nominees following its resumption from its annual recess, PremiumTimes report added. This was contained in a statement by the media office of the Senate leader, Senator Opeyemi Bamidele.

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Meanwhile, two newly appointed ministers will also be screened by the Senate on Tuesday, October 3, Senator Bamidele noted.

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The statement read:

“The Senate of the Federal Republic of Nigeria will resume plenary on Tuesday, September 26. We will consider the screening of Dr. Cardoso at the Committee of the whole.
“Besides, the Senate has scheduled to screen the ministerial nominees – Dr. Jamila Bio Ibrahim and Mr. Ayodele Olawande, respectively designated as Minister of Youth and Minister of State for Youth on October 3,” the statement reads.

How much currency is in circulation?

In another development, the money in circulation in Nigeria has risen to N2.7 trillion as of the end of August 2023.

The Central Bank of Nigeria said the amount increased by N1.7 trillion monthly.

With the naira redesign policy, the currency in circulation hit an all-time low of N982 billion in February 2023.

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Breaking: Yemi Cardoso assumes duty as acting CBN governor, he flaunts impressive CV

CBN suspends MPC meeting

The CBN suspended its monetary policy meeting indefinitely as Femi Cardoso waited to be confirmed by the Senate as the new governor.

The postponement was disclosed in a statement published on the CBN Website and signed by Isa AbdulMumin, director of Corporate Communications.

This will be the second time the CBN has postponed its MPC meeting.

Tinubu nominates Yemi Cardoso as new CBN governor

Recall that President Bola Tinubu nominated Cardoso as the new governor of the CBN to replace the embattled Godwin Emefiele, who was 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.

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


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