Jonathan Nominates Zenith Bank MD, Godwin Emefiele as new CBN Governor

Barely has the dust settled on the suspension of Sanusi Lamido Sanusi but President Goodluck Jonathan has nominated Zenith Bank's Managing Director, Godwin Emefiele as his new successor...

Zenith Bank Managing Director, Godwin Emefiele is new CBN Governor

Newspapers in Nigeria are reporting that President Goodluck Jonathan in a letter to the President of the Senate, David Mark named Godwin Emefiele as the new Central Bank governor. This is likely to infuriate President Jonathan;s opponents who see Sanusi Lamido Sanusi's suspension as illegal under the Nigerian constitution.

In a related development, President Jonathan sought the confirmation of Mr. Adelabu Adebayo Adekola as Deputy Governor of CBN in line with Section 8 (1) and (2) of the CBN Act via another letter.