Jonathan Appoints Zenith Bank’s MD As New CBN Governor

Unconfirmed reports reaching

us reveals that 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.

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 Unconfirmed reports reaching

us reveals that 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.

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.Bank.

He will succeed Tunde Lemo who retired as Deputy Governor of the regulatory bank in late 2013.