Nigerian president Goodluck Jonathan named the managing director of Zenith Bank Godwin Emefiele as the next central bank governor, the chairman of the Senate committee on finance told Reuters by telephone.
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| Emefiele, Nigeria's CBN governor designate |
Senator Ahmed Makarfi confirmed that Emefiele's nomination had been sent to the Senate for approval to take office when Sanusi's term would have expired in June.
He said the president had a prerogative to suspend the central bank governor using his executive powers, and that the Senate would only need to approve a full removal.
Emefiele, is the chief executive of 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.
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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