Dr. Olayemi Cardoso has formally resumed work as the governor of the Central Bank of Nigeria, CBN.

Cardoso was appointed on September 15 by President Bola Tinubu, to replace Mr. Godwin Emefiele who is said to have now formally resigned.

The announcement was made on Friday by the Director of Corporate Communication of the CBN, Isa AbdulMumin, in a statement he issued.

According to the spokesman, Cardoso is working in acting capacity pending the confirmation of his appointment by the Senate.

He added that the deputy governors-designate of the bank have assumed duty alongside Cardoso in acting capacity too, sequel to the formal resignations of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora, as deputy governors of the CBN.

The spokesman said 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 22, 2023, and have 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 of CitiBank Nigeria and Commissioner for Economic Planning and Budget in Lagos State, Cardoso brings over three decades of managerial experience on board.

An alumnus of Aston University, Birmingham, United Kingdom, he studied managerial and administrative studies.