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Wednesday, 26 March 2014

Senate Confirms Godwin Emefiele As New CBN Governor



The Senate on Wednesday confirmed for appointment, the nomination of Mr. Godwin Emefiele, as the Governor of the Central Bank of Nigeria.
The upper chamber also approved the appointment of Hon. Justice Zainab Bulkachuwa as the President of the Court of Appeal.
Both nominees answered questions on the economy and administration of justice from the senators.
Emefiele pledged not to spend any money in contravention of the law and decried the uncontrollable injection of foreign currencies into the economy stressing that the development if not curbed, could collapse the system.
He said, “We will be fair, just, and firm in the discharge of our duties and ensure that we have a strong exchange rate.”
Bulkachuwa on her part, lamented the under-funding of the judiciary, stressing that the development was affecting speedy administration of justice.
She also said the use of longhand to record proceedings at the court due to absence of electronic recording facilities, would be addressed if her appointment was confirmed.
The Senators therefore, after the screening, confirmed their appointments with the Senate President tasking them to justify the confidence reposed in them by discharging their duties effectively on resumption, “without fear or favour”.

BRIEF PROFILE

Mr. Godwin I. Emefiele serves as Chief Executive officer and Group Managing Director of Zenith Bank Plc. Mr. Emefiele served as Deputy Managing Director of Zenith Bank Plc. since 2001. He served as Executive Director in charge of Corporate Banking, Treasury, Financial Control and Strategic Planning of Zenith Bank Plc. and had been Management team since inception. Mr. Emefiele has over eighteen years of banking experience.

Mr. Emefiele serves as Director at Zenith Bank Plc and Zenith Bank (Gambia) Limited. Before commencing his banking career, he has lectured Finance and Insurance at the University of Nigeria Nsukka, and University of Port Harcourt, respectively. Mr. Emefiele serves as Director of ACCION Microfinance Bank Limited.

He is also an alumnus of Executive Education at Stanford University, Harvard University (2004) and Wharton Graduate Schools of Business (2005). Mr. Emefiele holds a B.Sc Degree in 1984 and an MBA Degree in Finance in 1986, both from the University of Nigeria, Nsukka.

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