President Jonathan Nominates Zenith Bank Chief As New CBN Governor

Godwin Emefiele
President Goodluck Jonathan has nominated 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 on Thursday, a few hours after he suspended Sanusi Lamido as the CBN governor and announced the CBN’s Deputy Governor, Dr. Sarah Alade as acting governor of the bank.
 
Until his appointment, Mr. Godwin I. Emefiele serves as Chief Executive officer and Group Managing Director of Zenith Bank Plc. He served as Deputy Managing Director of Zenith Bank Plc. since 2001 and has also served as Executive Director in charge of Corporate Banking, Treasury, Financial Control and Strategic Planning of Zenith Bank Plc. He had been in Management team since inception. Mr. Emefiele has over eighteen years of banking experience. Mr. Emefiele serves as Director at Zenith Bank

If confirmed by the senate, Mr. Emefiele will take over fully as the substantive governor in place of Mr. Sanusi whose tenure elapses in June 2014.

The president also nominated Adelabu Adebayo a Deputy Governor of the bank. Mr. Adebayo is currently an Executive Director at First Bank.

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