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Thursday, 20 February 2014

Jonathan Nominates Emefiele for post of CBN Governor

President Goodluck Jonathan on Thursday nominated Mr Godwin Emefiele for the position of Governor of the Central Bank of Nigeria (CBN).

Emefiele, the current Managing Director of Zenith Bank Plc, is to replace Sanusi Lamido Sanusi, who was suspended on Thursday by the president for alleged ``financial recklessness and misconduct’’.

In a letter to the Senate President, Sen. David Mark, for approval of the nomination, the president said the request was in view of the fact that the tenure of the incumbent would end on June 1.

The letter was read by the Deputy Senate President, Sen. Ike Ekweremadu, who presided over the plenary.

The letter read in part: ``Pursuant to the provisions of section 8(1) and (2) of the CBN Act of 2007, I hereby forward the name of Mr Godwin Emefiele for your kind consideration and confirmation.’’

The president had earlier appointed Dr Sarah Alade, the most senior Deputy Governor in the bank, Acting Governor, pending the confirmation of Emefiele’s nomination.

In a separate letter, the president asked the Senate to confirm Mr Adelabu Adekola as a Deputy Governor with  CBN.

The president expressed the hope that the letters would be handled in the usual expeditious tradition of the Senate.

Source: NAN

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