The Nigerian Senate on Wednesday confirmed
former Managing Director of Zenith Bank Plc, Mr.
Godwin Emefiele as the new Governor of the
Central bank of Nigeria (CBN).
President Goodluck Jonathan nominated Emefiele
to the Senate on February 20th 2014, the same
day he ousted then Governor, Mallam Sanusi
Lamido Sanusi on allegations of financial
reckless and misconduct.
Confirming the president’s nominee, President of
the Senate, David Mark expressed assurance that
Emefiele would lead the bank “without fear or
Emefiele will take over the reins of CBN from Dr.
Sarah Alade, the most senior deputy governor at
the bank who has been Governor in acting
capacity since Sanusi’s suspension.