President Bola Tinubu has nominated the former head of Citibank in Nigeria, Olayemi Cardoso, to serve as the country’s new central bank governor, days before its next interest rate meeting, a presidential spokesperson said on Friday.
Government sources told Reuters that Godwin Emefiele, who was suspended as central bank chief by Tinubu in June and later detained by state police and charged with procurement fraud, resigned last month, effectively clearing the way for Cardoso to replace him.
The central bank did not respond to a request for comment on whether Emefiele and his deputy governors had resigned. Ngelale declined to comment when asked about Emefiele’s resignation.
