BREAKING NEWS : Jonathan Names Zenith Bank’s Godwin Emefiele Central Bank Governor, Nominate Adelabu Adekoya As Deputy

Jonathan Names Zenith Bank’s Godwin Emefiele Central Bank Governor, Nominate Adelabu Adekoya As Deputy
By editor on February 20, 2014
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President Goodluck Jonathan has appointed Godwin Emefiele, who is the managing director of Zenith Bank, as the new governor of Central Bank.

Mr. Jonathan submitted Mr. Emefiele’s name to the Senate for confirmation Thursday hours after he announced the suspension of Sanusi Lamido as the CBN governor.

Senate Spokesperson Enyinnaya Abaribe confirmed that President Jonathan forwarded the name of Godwin Emefiele, Managing Director of Zenith Bank Plc, to the Senate for confirmation as CBN Governor.

Emefiele is to replace Mallam Sanusi Lamido Sanusi, whose tenure expires in June but was suspended earlier today by the president, on allegations of financial reckless and misconduct.

Sanusi was directed to hand over to Dr. Sarah Alade, the most senior deputy governor in the bank, who will serve as Acting Governor “until the conclusion of ongoing investigations into breaches of enabling laws, due process and mandate of the bank”.

The President also nominated Adelabu Adekoya as Deputy Governor. The Presidency conveyed Emefiele’s nomination in a letter to Senate President, David Mark, which was read on the floor of the Senate.​

Ousted CBN governor Lamido Sanusi is still airborne returning from a trip to the Niger Republic where heard about his suspension by President Jonathan.

Mr. Adelabu Adebayo who was nominated as the deputy governor of the bank. Mr. Adebayo is current an executive director at First Bank, he will succeed Tunde Lemo who retired as Deputy Governor of the regulatory bank in late 2013.

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