- This screening is a significant step in the process of appointing a suitable candidate to lead the CBN and oversee the country’s monetary policies
- In addition to Cardoso’s screening, the Senate will also be evaluating four nominees for the positions of CBN Deputy Governors
On Tuesday, the Senate will screen Olayemi Michael Cardoso, who previously served as the Chairman of the Board of Citi Bank Nigeria.
Cardoso has been nominated for the prestigious position of Governor of the Central Bank of Nigeria (CBN).
This screening is a significant step in the process of appointing a suitable candidate to lead the CBN and oversee the country’s monetary policies.
In addition to Cardoso’s screening, the Senate will also be evaluating four nominees for the positions of CBN Deputy Governors.
These individuals will work alongside Cardoso to collectively steer the affairs of the apex bank for the next five years.
The Senate is committed to ensuring that the most qualified and capable individuals are appointed to these crucial positions, as they play a vital role in shaping the financial landscape of the nation.
This screening process comes as the Senate resumes its activities after the annual recess.
As stated in a statement by the Media Office of the Senate Leader, Senator Michael Opeymi Bamidele, the resumption from the annual recess provides an ideal opportunity for the Senate to fulfill its constitutional duty of screening and confirming nominees for key positions in government. The Senate takes this responsibility seriously, as it is crucial to ensure that individuals appointed to these positions possess the necessary qualifications, experience, and integrity to effectively carry out their duties.
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.