President Goodluck Jonathan Thursday named the Managing Director of Zenith Bank of Nigeria, Godwin Emefiele, as the next Governor of Central Bank of Nigeria.
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.
If confirmed by the senate, Mr. Emefiele will take over fully as the substantive governor in place of Sanusi.
The president also nominated Adelabu Adebayo, an executive director
at First Bank, as the deputy governor of the bank. He will succeed Tunde
Lemo who retired as Deputy Governor of the regulatory bank in late
Jonathan had suspended the Lamido Sanusi as the apex bank governor on
Thursday morning, ordering him to hand over to the most senior Deputy
Governor of the CBN, Dr Sarah Alade who will serve as Acting Governor.
Godwin Emefiele Profile As a Zenith Bank’s Managing Director
“He is the Group Managing Director, Zenith Bank Plc, a position he
has held since August 2010. Until then he was the Deputy Managing
Director of the bank, having been appointed into that position in 2001.
Emefiele has been on the bank’s management team since inception and has
held various management positions in the bank, including serving as the
Bank’s Executive Director in charge of Corporate Banking, Treasury,
Financial Control and Strategic Planning.
“Until he took over as Group Managing Director, Emefiele was directly
responsible for all the Group’s local subsidiaries, Treasury and
Correspondent Banking, and Multilateral, Conglomerates, & Private
Banking. He also had responsibilities for direct supervision of majority
of the bank’s branches in Lagos and Northern Nigeria.
“Emefiele has over twenty-six (26) years banking experience and holds
a B.Sc and an MBA in Finance both from the University of Nigeria
Nsukka. Before commencing his banking career, he lectured Finance, Bank
Management, and Insurance at the University of Nigeria and University of
Port Harcourt respectively.
“He is an alumnus of Stanford University, Harvard and Wharton
Graduate School of Business where he took courses in Negotiation,
Service Excellence, Critical Thinking, Leading Change and Strategy.
“Under Emefiele’s leadership, Zenith Bank has strengthened its
position as a leading financial institution in Africa, winning
recognition and getting endorsement at home and abroad for giant strides
in key performance areas like corporate governance, service delivery
and deployment of cutting-edge ICT as well as impact in the bank’s
numerous spheres of operations.
“In 2012, Emefiele’s visionary leadership saw Zenith Bank receiving
acclaim from reputable institutions such as world finance, CFI and FTSE
Global Markets that have named Zenith the Best in Corporate Governance,
Best Commercial Bank in Africa, and Emerging Global Super brand
Source: New CBN Governor