CBN confirms Emefiele’s resignation, Cardoso takes office as acting governor

Olayemi Cardoso, the presidential nominee for the role of the Central Bank of Nigeria (CBN) chief, took office Friday to function in an acting capacity, the apex bank said, ahead of a key legislative approval from the Senate, which resumes next week from its annual recess.

“This follows the resignation of Mr Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN),” a statement by the bank said Friday.

The statement also announced the official resignation of Folashodun Shonubi, who had been acting as the CBN governor since Mr Emefiele’s suspension by President Bola Tinubu in June.