President Jonathan picks Zenith Bank MD as new CBN Governor

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1. Reno Omokri ‏@renoomokri  1h

   President Goodluck Jonathan has sent the name of Godwin Emefiele to the Senate for confirmation as Governor of the Central Bank of Nigeria.

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President Jonathan has picked the current Managing Director of Zenith Bank Godwin Emefiele to replace Sanusi Lamido Sanusi as the new Governor of the Central Bank of Nigeria. His name has been forwarded to the Senate for confirmation. 

In a letter addressed to Senate President David Mark and read on the floor of the Senate, Jonathan who urged the parliament to treat the nomination with dispatch, said Emefiele would replace Mallam Sanusi Lamido Sanusi, whose tenure expires in June.

Bayo Adelabu, the current Executive Director at First Bank as Deputy Governor of CBN, replacing Tunde Lemo.

Sanusi was removed just a few months to the end of his tenure. His tenure was supposed to end in June 2014. Sanusi said he will challenge the decision to suspend him but will not go back to the job.

The CBN’s deputy governor, Sarah Alade, was named early Thursday as acting governor of the bank.
Mr. Jonathan said if confirmed by the senate, Mr. Emefiele will take over fully as the substantive governor in place of Mr. Sanusi whose tenure elaspes in June 2014.

The president also nominated Adelabu Adebayo 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.