Africa Business News: Entrepreneurs. Investments. Banking & Finance. Emerging Markets. Start-Ups
Tuesday, 3 June 2014
New Nigerian Central Bank governor takes charges
Mr. Godwin Emefiele
Mr. Godwin Emefiele, Monday took full charge as the Governor of the Nigerian Central Bank, four months after he was made interim boss. Emefiele’s assumption of office comes as the tenure of the suspended Governor Sanusi Lamido Sanusi, effectively came to an end this week.
The new CBN governor had assured the nation that he would ensure stability for the exchange rate as well as tighten liquidity.
Prior to his appointment as Central Bank Governor, Emefiele was the Managing Director of the Zenith Bank.
His predecessor, Sanusi was suspended on February 20 by President Goodluck Jonathan over his controversial claim that the Nigeria National Petroleum Corporation (NNPC) had not accounted for $49 billion which he declared missing.
Sanusi who had challenged his suspension in court, had been accused by the government of profligacy while in office.