In a presidential communication released on Friday evening, President Bola Tinubu nominated Emem Usoro as a Central Bank of Nigeria (CBN) deputy governor.

Tinubu disclosed this through Ajuri Ngelale, Special Adviser, Media and Publicity.

Until her nomination, Usoro was an executive director of North Bank at the United Bank for Africa (UBA), one of Nigeria’s leading financial institutions led by the billionaire Tony Elumelu.

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Usoro was among the latest CBN nominations to the Nigerian Senate. Others nominated alongside her were Olayemi Michael Cardoso as CBN Governor; Muhammad Sani Abdullahi Dattijo, Philip Ikeazor and Bala M. Bello as deputy governors.

Their appointments are subject to confirmation by the Senate. When confirmed, they would serve in their respective offices for five years each and could have their tenures extend for another five years by the president.

The presidential release partly read, “President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending his confirmation by the Nigerian Senate.

“This directive is in conformity with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which vests in the President of the Federal Republic of Nigeria, the authority to appoint the Governor and Four (4) Deputy Governors for the Central Bank of Nigeria (CBN), subject to confirmation by the Senate of the Federal Republic of Nigeria.

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“Furthermore, President Bola Tinubu has approved the nomination of four new Deputy Governors of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending their confirmation by the Nigerian Senate.”

Usoro boasts of more than 20 years of experience in the banking sector and has been variously awarded and recognised by UBA and many other private sector agencies.

She was featured in the UBA Group’s Superwoman 101, an initiative dedicated to highlighting accomplished leaders and employees of the bank, in 2019. At the time, she was the Regional Head, Lagos Bank 2.

The banker is an alumna of Lagos Business School and Harvard Business School. In her two-decade-long career, she has held many leading roles in credit and marketing, branch management, corporate and commercial banking, according to her LinkedIn profile.