Another UNN Product, Godwin Emefiele Become New CBN Governor!

 

President Goodluck Jonathan has appointed Godwin Emefiele, an alumnus of the University of Nigeria Nsukka (UNN), 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.

Below is Mr. Emefiele’s profile as published on Zenith Bank’s website.

"He is the Group Managing Director, Zenith Bank Plc, a position he has held since August 2010. Until then he was the Deputy Managing Director of the bank, having been appointed into that position in 2001. Emefiele has been on the bank’s management team since inception and has held various management positions in the bank, including serving as the Bank’s Executive Director in charge of Corporate Banking, Treasury, Financial Control and Strategic Planning.

“Until he took over as Group Managing Director, Emefiele was directly responsible for all the Group’s local subsidiaries, Treasury and Correspondent Banking, and Multilateral, Conglomerates, & Private Banking. He also had responsibilities for direct supervision of majority of the bank’s branches in Lagos and Northern Nigeria.

“Emefiele has over twenty-six (26) years banking experience and holds a B.Sc and an MBA in Finance both from the University of Nigeria Nsukka. Before commencing his banking career, he lectured Finance, Bank Management, and

CBN Confirms The Payment Of The 200b By The Federal Govt.

CBN Confirms Universities N200b Account, As Okupe
Speaks About ‘Honourable Path’ For ASUU.

The Central Bank of Nigeria (CBN) has confirmed that a sum of N200 billion agreed with the Academic Staff Union of Universities at a meeting with President
Goodluck Jonathan on November 5 has been fully paid into a Revitalization of Universities Infrastructure Account.

The Senior Special Assistant to the President on Public Affairs, Dr. Doyin Okupe, disclosed this today in Abuja, where he made the CBN letter available to newsmen. Okupe did not, however, address the question of the signed statement being demanded by ASUU outlining the terms of their agreement.

A part of the stalemate is that in the past, the government has failed to implement agreements reached with the union, a mistake ASUU seems unwilling to repeat. In the letter signed by the Deputy Governor of the Central Bank of Nigeria, Mr. Tunde Lemo, and addressed to the Accountant General of the Federation, the apex bank confirmed that the total sum of N200 billion is the balance in the account, as required.

The Letter titled CONFIRMATION OF THE EXECUTION OF YOUR MANDATE FOR THE CREDIT OF ACCOUNT ON REVITALISATION
OF UNIVERSITIES INFRASTRUCTURE ACCOUNT indicates that the sum was paid in three tranches of 129,300,000,000,000k; 20,700,000,000,00k and
50,000,000,000,00k. While reiterating that the President is fully committed to the implementation of
agreements reached with ASUU, Okupe said a Needs Assessment Implementation Committee which has representatives of ASUU on board will be inaugurated tomorrow in order to fast track the utilization of the released funds and tackle infrastructure deficiency in the university system. According to the presidential aide, the government has received several representations from eminent Nigerians and stakeholders on the need to temper justice with mercy regarding the
ultimatum issued to the striking lecturers to resume work or face stiff sanctions.

“Government appreciates the fact that a number of universities have either resumed academic activities or
announced resumption dates in line with the directives earlier issued by the Committee of Pro Chancellors, ”Okupe said.

“We appreciate the