Senate to screen CBN Governor-nominee, Cardoso, deputies Tuesday

Senate approves President Buhari’s N2.3 trillion loan request

On Tuesday, the Senate will consider former Citi Bank Nigeria Chairman of the Board of Directors Olayemi Michael Cardoso for the position of Governor of the Central Bank of Nigeria (CBN).

The Senate will also consider four nominees for the positions of CBN Deputy Governors, who would work with Cardoso to oversee the apex bank’s business during the next five years.

According to a statement issued by the Senate Leader’s Media Office on Monday, the Senate will evaluate all nominees following its return from its annual recess.

The statement said: “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.


“Dr. Cardoso will be screened alongside four deputy governors, namely Mrs. Emem Nnana Usoro, Mr. Muhammad Sani Abdullahi Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello.


“Besides, the Senate has scheduled to screen the ministerial nominees, Jamila Bio Ibrahim and Ayodele Olawande, respectively, designated as Minister of Youth and Minister of State for Youth on October 3.”


On September 15, President Tinubu approved the nomination of Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN).

He also approved the nomination of four deputy governors for a term of five years each at the first instance, pending their confirmation by the Senate of the Federal Republic of Nigeria.



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