Senate President Bukola Saraki, on Thursday, received a letter from President Muhammadu Buhari seeking confirmation of Godwin Emefiele as the Central Bank of Nigeria, CBN, governor for the second term.
Mr Saraki read the presidential letter on the floor of the Senate on Thursday.
The letter entitled “Renewal of the appointment of Godwin I. Emefiele as Governor of Central Bank of Nigeria” was received in the Office of the Senate President on May 9th 2019.
The letter read: “In view of the expiration of the first tenure of the current Governor of the Central Bank of Nigeria on June 2, 2019, and pursuant to the provisions of Section 8 (1) and (2) of the Central Bank of Nigeria Act 2007, I hereby present for confirmation by the Senate Mr. Godwin I. Emefiele for re-appointment as Governor of the Central Bank of Nigeria for a final term of five (5) years.
“It is my hope that the Distinguished Senate will consider and confirm the nominee in the usual expeditious manner.
“Please accept, Mr. Senate President, the assurances of my highest consideration.”
However, no date had been fixed for the consideration and approval of the nomination.
Recall that the CBN governor was first appointed by President Goodluck Jonathan at the twilight of his administration.
Mr Emefiele, before joining the CBN, spent over 26 years in commercial banking culminating in his tenure as Group Managing Director and Chief Executive Officer of Zenith Bank PLC.
Under Emefiele’s leadership, Zenith Bank had strengthened its position as a leading financial institution in Africa, winning recognition and endorsement at home and abroad for giant strides in key performance areas like corporate governance, service delivery and deployment of cutting-edge ICT.
Before his banking career, he was a lecturer in Finance and Insurance in two Nigerian Universities.
Mr. Emefiele holds degrees in Banking and Finance from the University of Nigeria, Nsukka, and is also an alumnus of Stanford University, Harvard and Wharton Graduate Schools of Business where he took courses in Negotiation, Service Excellence, Critical Thinking, Leading Change.