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Nigeria’s New Apex Bank Governor Assumes Office

Nigeria’s new Central Bank Governor, Mr Godwin Emefiele, resumed office on Tuesday and will address a press conference on Thursday. Addressing reporters at the apex … Continue reading Nigeria’s New Apex Bank Governor Assumes Office


Godwin EmefieleNigeria’s new Central Bank Governor, Mr Godwin Emefiele, resumed office on Tuesday and will address a press conference on Thursday.

Addressing reporters at the apex bank’s headquarter in Abuja where he was received by other deputy governors as he takes over the leadership of the bank, Mr Emefiele said he would reel out his plans for the bank during the press briefing.

Mr Emefiele took over from Dr Sarah Alade, had been in acting capacity for three months since the suspension of the former central Bank governor, Lamido Sanusi on allegation of financial recklessness.

“I shall be addressing the world press conference on Thursday where I shall be unveiling my agenda for the Central Bank of Nigeria (CBN) and for the people of Nigeria”, he said.

The senate confirmed Mr Emefiele as the Central Bank Governor designate on March 26 after screening him for almost two hours.

Laying out his vision for the CBN during the screening, Mr Emefiele said he would ensure that Nigeria maintained a strong exchange rate, stressing that devaluation is not an option.

Emefiele’s confirmation marked the beginning of a new era in the CBN after the suspension of Mr Lamido Sanusi on February 20 by President Goodluck Jonathan for alleged financial recklessness.

He served as Executive Director in charge of Corporate Banking, Treasury, Financial Control and Strategic Planning of Zenith Bank and had been Management team since inception.

Mr Emefiele has over 18 years of banking experience and has lectured Finance and Insurance at the University of Nigeria Nsukka, and University of Port Harcourt, respectively.

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 and an MBA Degree in Finance, both from the University of Nigeria, Nsukka.