President Jonathan appoints Zenith Bank MD as New CBN Governor

Godwin Emefiele

Following the suspension of Mallam Sanusi Lamido Sanusi as the Governor of Central Bank of Nigeria, President Jonathan has named Godwin Emefiele as the new governor. 

His name has been forwarded to the senate for confirmation. Prior to his appointment, Emefiele was the group managing director of Zenith bank.

The profile of Godwin Emefiele on Zenith Bank website shows he came the chief executive officer of Zenith Bank in 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.

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