Emefiele, who is the managing director of Zenith Bank, as
the new governor of Central Bank.
Mr. Jonathan submitted Mr. Emefiele's name to the Senate
for confirmation Thursday hours after he announced the
suspension of Sanusi Lamido as the CBN governor.
The CBN's deputy governor, Sarah Alade, was named early
Thursday as acting governor of the bank.
Mr. Jonathan said if confirmed by the senate, Mr. Emefiele
will take over fully as the substantive governor in place of
Mr. Sanusi whose tenure elaspes in June 2014.
The president also nominated Adelabu Adebayo as the
deputy governor of the bank. Mr. Adebayo is current an
executive director at First Bank.
He will succeed Tunde Lemo who retired as Deputy
Governor of the regulatory bank in late 2013.
Photo: Channelstv
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