President Jonathan Suspends CBN Governor, Sanusi Lamido, Picks Zenith Bank MD As New CBN Governor

Sanusi Lamido                                                                                  Godwin Emefiele

President Jonathan suspended Central Bank of Nigeria Governor, Mallam Sanusi Lamido Sanusi today as announced by SA media Reuben Abati. He then appointed an acting Governor, Dr Sarah Alade, the most senior Deputy Governor of the CBN. Now the President has picked the MD of Zenith Bank Godwin Emefiele to replace Sanusi Lamido Sanusi as the new Governor of the Central Bank of Nigeria. 

Bayo Adelabu, the current Executive Director at First Bank as Deputy Governor of CBN, replacing Tunde Lemo.Sanusi was removed just a few months to the end of his tenure. Sanusi said he will challenge the decision to suspend him but will not go back to the job. 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.