Why Jonathan appointed Godwin Emefiele new CBN Governor

Emefiele

It is no longer news that President Goodluck Jonathan has appointed managing director of Zenith Bank, Mr. Godwin Emefiele as the new governor of Central Bank. What perhaps, many don't know is that Emefiele is expected to use his wealth of experience to stabilise the nation's troubled and buffeted apex bank.

Information reaching SHOWBIZPLUS said the president forwarded Mr Emefiele’s name to the Senate for approval. He has also nominated Mr Adelabu Adebayo, an Executive Director at First Bank as Deputy Governor of the Apex Bank.

Brief profile of Godwin Emefiele 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.