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Senate clears Emefiele as new CBN Governor

published on Wednesday, 26 March 2014

The Nigerian Senate on Wednesday confirmed the appointment of Mr Godwin Emefiele, a banker, as the new Governor of the Central Bank of Nigeria.Mr Emefiele was nominated for the job following the suspension of the former Governor, Mallam Sanusi Lamido, whose suspension has been controversially linked to financial recklessness.The upper legislative chamber also cleared Justice Zainab Bulkachuwa as the substantive President of Appeal Court."">The two were cleared after hours of questioning by the Senate.The new CBN governor, Mr. Godwin I. Emefiele from Agbor, Delta State, served as Chief Executive officer and Group Managing Director of Zenith Bank Plc.Mr. Emefiele had served as Deputy Managing Director of Zenith Bank Plc. since 2001. He served as Executive Director in charge of Corporate Banking, Treasury, Financial Control and Strategic Planning of Zenith Bank Plc. and had been Management team since inception.Mr. Emefiele has over eighteen years of banking experience. He served as Director at Zenith Bank Plc and Zenith Bank (Gambia) Limited. Before commencing his banking career, he had lectured Finance and Insurance at the University of Nigeria Nsukka, and University of Port Harcourt, respectively.The CBN governor served as Director of ACCION Micro-finance Bank Limited. He is also an alumnus of Executive Education at Stanford University, Harvard University (2004) and Wharton Graduate Schools of Business (2005). He holds a B.Sc Degree in 1984 and an MBA Degree in Finance in 1986, both from the University of Nigeria, Nsukka.

-Daily postNG