FG suspends Sanusi, appoints Zenith Bank chief as new CBN governor

President Jonathan

Sanusi

Emefiele

The Federal Government, Thursday, suspended the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido  Sanusi.
Special Adviser to  President  Goodluck Jonathan, Dr.  Reuben Abati, revealed this in a statement made available to us.
the most senior Deputy Governor of the CBN, Dr Sarah Alade,  has been named as the Acting  CBN  Governor.
"Sanusi’s tenure has been characterised by “various acts of financial recklessness and misconduct which are inconsistent with the administration’s vision of a Central Bank propelled by the core values of focused economic management, prudence, transparency and financial discipline,” the statement revealed.

President Goodluck Jonathan has appointed the managing director of Zenith Bank, Godwin Emefiele as the new governor of Central Bank.

We gathered that Mr. President 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 ends in June 2014.

Mr. President also nominated Adelabu Adebayo as the deputy governor of the bank. Mr. Adebayo is currently an executive director at First Bank.He will succeed Tunde Lemo who retired as Deputy Governor of the regulatory bank in late 2013.