The Senate has confirmed the appointment of Yemi Cardoso as governor of the Central Bank of Nigeria (CBN) and four additional deputy governors.
They were confirmed on Tuesday following a screening by the highest parliamentary body.
Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and Bala Bello have been confirmed as deputy governors.
“The nomination of Olayemi Cardoso is hereby confirmed as governor of the Central Bank of Nigeria (CBN),” Senate President Godswill Akpabio said.
Prior to their confirmation, the nominees had answered questions about economic and other policy.
During the screening, Cardoso committed to embrace compliance, promising that the apex bank will remain apolitical under his tenure.
“I believe that the Central Bank under our watch will have no choice but to embrace a culture of compliance,” he said.
“We will not wait for oversight to come and tell us what to do. We will ensure that by the time the system is passing through us, we catch it and we deal with it,” said Cardoso, who promised zero tolerance for abuse of compliance.
“That is a cultural shift, a change in mindset, but we will make sure it happens,” the former Citibank Nigeria chairman assured.
