President Jonathan appoints Zenith Bank MD Godwin Emefiele new CBN Governor

President Goodluck Jonathan has appointed the managing director of Zenith Bank, Mr Godwin Emefiele to replace Sanusi Lamido Sanusi as the new governor of Central Bank.

The president has forwarded Mr Emefiele's name to the Senate for approval. He has also nominated Mr Adelabu Adebayo, an Executive Director at First Bank as Deputy Governor of the Apex Bank.

Sanusi was removed few months to the end of his tenure. His tenure was supposed to end in June 2014.