The Central Bank of Nigeria (CBN) has allocated responsibilities to its four newly confirmed deputy governors who resumed duties on Friday.
According to the apex bank, Dr. Bala Bello will oversee corporate services, Dr. Mohammed Sani is in charge of economic policy, while Mr. Philip Ikeazor will handle financial system stability.
Having been successfully screened on Tuesday, the team assumed at the bank on Friday.
Recall that Olayemi Cardoso was on Tuesday confirmed as the governor of the CBN alongside the four deputy governors by the Senate.
The new CBN governor promised to pull back from aggressive development finance, ensure a culture of transparency, compliance and collaboration, and embark on zero tolerance for breaches of the CBN Act.
Cardoso said his immediate priority would be to work out ways to aggressively offset massive FX obligations as part of measures to attack the current naira downturn, which has become a huge burden for the economy.
