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Now Reading: Olayemi Cardoso: All you need to know about new CBN governor


Olayemi Cardoso: All you need to know about new CBN governor

September 16, 20233 min read

Olayemi Cardoso: 5 interesting Things to Know About New CBN Governor

FCT, Abuja – President Bola Ahmed Tinubu nominated Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN).

Cardoso is to replace Godwin Emefiele, who was suspended as CBN governor about three months ago.

New CBN Governor, Opeyemi Michael Cardoso
Michael Cardoso: Son of First Indigenous Accountant-General of Nigeria. Photo Credits:@Mr_JAGs/@NaijaFlyingDr

Source: Twitter

The nomination of Cardoso for a five-year term is pending confirmation by the Nigerian Senate.

According to Jubril Gawat @Mr_JAGs, Senior Special Assistant on New Media to Governor Babajide Sanwo-Olu, here are things you need to know about the new CBN governor.


Cardoso had his primary education at Corona School Ikoyi and St. Gregory’s College, for his secondary education.

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He obtained his Bachelor’s degree in Managerial and Administrative Studies from Aston University in 1980.

The new CBN governor bagged a Master’s degree in Public Administration in 2005 from the Harvard Kennedy School of Government

Family background

His parents were descendants of Brazilian returnees, who came from prominent families from Popo Aguda.

He is an indigene of Lagos state

Son of the first indigenous Accountant-General of Nigeria

He is the son of Felix Bankole Cardoso, the first indigenous Accountant-General of the Federation of Nigeria in 1963.

The first indigenous Vice Chairman and Managing Director of Barclays Bank of Nigeria was born in 1972.

Under his leadership, Barclays successfully transformed into Union Bank of Nigeria, a wholly-owned Nigerian entity

Former Lagos commissioner

Commissioner in the Lagos State Ministry of Economic Planning and Budget.

Experience banker

He is an experienced banker, chartered stockbroker and public policy expert.

He was the Chairman of Citibank Nigeria Ltd for 12 years, until his resignation in 2022.

Tinubu nominates Yemi Cardoso as new CBN governor

Earlier, reported that President Bola Ahmed Tinubu has nominated Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN), who will replace the embattled Godwin Emefiele suspended months ago.

The nomination of Cardoso was made known on Friday, September 15, via a statement issued by Ajuri Ngelale, the special adviser to the President on media and publicity.

Facts about CBN’s newly appointed deputy governors

President Bola Tinubu on Friday, September 15, approved the nomination of four new Deputy Governors of the Central Bank of Nigeria (CBN) pending confirmation by the Nigerian Senate for a term of five years at the first instance.

this article presents the profiles of the other new CBN deputy governors.


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Precious Etim

My name is Precious Etim. I believe that everything happens for a reason. People change so that you can learn to let go, things go wrong so that you appreciate them when they’re right, you believe lies so you eventually learn to trust no one but yourself, and sometimes good things fall apart so better.

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