Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Jonathan picks Zenith Bank MD as CBN governor

20 February 2014, 15:22

Abuja - President Goodluck Jonathan on Thursday nominated Godwin Emefiele for the position of Governor of the Central Bank of Nigeria (CBN).

Emefiele, the current Managing Director of Zenith Bank Plc, is to replace Sanusi Lamido Sanusi, who was suspended on Thursday by the president for alleged "financial recklessness and misconduct".

In a letter to the Senate President, David Mark, for approval of the nomination, the president said the request was in view of the fact that the tenure of the incumbent would end on June 1.

The letter was read by the Deputy Senate President, Ike Ekweremadu, who presided over the plenary.

The letter read in part: "Pursuant to the provisions of section 8(1) and (2) of the CBN Act of 2007, I hereby forward the name of Godwin Emefiele for your kind consideration and confirmation."

The president had earlier appointed Dr Sarah Alade, the most senior Deputy Governor in the bank, Acting Governor, pending the confirmation of Emefiele’s nomination.

In a separate letter, the president asked the Senate to confirm Adelabu Adekola as a Deputy Governor with CBN.

The president expressed the hope that the letters would be handled in the usual expeditious tradition of the Senate.

Meanwhile, the Senate has commenced a two-week recess after which it resumes on March 11.

-  NAN

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...