Dr. Olayemi Michael Cardoso, the great grandson of Herbert Macaulay whose photo is on One Naira note on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the Central Bank of Nigeria (CBN), pending his confirmation by the Senate.
This followed the resignation of Mr. Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN).
It is interesting to note that Dr. Cardoso’ father is the 1st Accountant-General of Nigeria. He was appointed in 1963.
Another interesting fact about Cardoso is that he is also the great, great grand son of Bishop Samuel Ajayi Crowther, the first African Anglican bishop. Macaulay’s mother, Abigail Crowther was the daughter of Bishop Samuel Ajayi Crowther.
Olayemi Cardoso was recently nominated by President Bola Ahmed Tinubu, This was contained in a statement by Dr Isa AbdulMumin, Director of Corporate Communications.
Likewise, the Deputy-Governors-Designate have also resumed duty in acting capacities, sequel to the formal resignation of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.
Cardoso and his colleagues subscribed to the relevant oaths of office at a brief ceremony held at the Bank’s Head Office in Abuja, on Friday, September 2023, and have since settled down to the task of administering monetary and financial sector policies of the Federal Government.
An Economic and Development Policy Advisor, Financial Sector Leader, former Chairman Citi Nigeria and Commissioner for Economic Planning and Budget in Lagos, Cardoso brings over three decades of managerial experience on board.
He is an alumnus of Aston University, Birmingham, United Kingdom, where he studied managerial and administrative studies.
He also holds a Master’s degree in Public Administration from the Harvard Kennedy School, United States of America.
Dr. Cardoso and his colleagues were appointed to their respective positions at the Bank on September 15, 2023, subject to their confirmation by the Senate.
