President Goodluck Jonathan Appoints Zenith Bank Chief as New CBN Governor

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 elapses 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.