Senate confirms Cardoso as CBN governor

The Senate on Tuesday confirmed the appointment of Olayemi Cardoso as governor of the Central Bank of Nigeria (CBN).

The Senate also confirmed the appointments of Emem Usoro, Muhammed Abdullahi-Dattijo, Philip Ikeazor and Bala Bello as deputy governors of the CBN.

The Senate President, Godswill Akpabio, announced confirmation of Mr Cardoso and the deputy governors of the CBN after they were cleared by a voice vote by senators at the plenary.

President Bola Tinubu had nominated them for the positions on 15 September pending confirmation of the Senate.

The request of Mr Tinubu seeking for the confirmation of the nominees was read by the senate president at the plenary earlier on Tuesday and it was passed to the senate committee of the whole for immediate consideration.

The nominees were therefore screened and cleared by the senators at the committee of a whole.

During the screening, the senators asked questions bordering on economic activities and foreign exchange from the nominees.

In response, the nominees pledged to reform the financial system of the CBN upon confirmation of their appointments.