While CBN Verifies Emefiele’s Departure, Cardoso Takes Office.

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While CBN verifies Emefiele's departure, Cardoso takes office.

Dr. Olayemi Cardoso, the candidate for governor of the Central Bank of Nigeria, formally started his duties on Friday.

Cardoso took over as acting governor of the CBN while the Senate, which is now in session for the annual recess, considers whether to confirm him, according to a statement from Dr. Isa AbdulMumin, director of corporate communications at the CBN.

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It was also mentioned that the incoming deputy governor took over when the outgoing deputy governor resigned.

Emem Usoro, Muhammad Abdullahi-Dattijo, Philip Ikeazor, and Bala Bello are the candidates for deputy governor.

The statement said that on Friday, September 20, 2023, a brief ceremony was held at the Bank’s head office in Abuja during which Dr. Cardoso and his coworkers took the appropriate oaths of office.

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