President Muhammadu Buhari has reappointed Godwin Emefiele as Governor of the Central Bank of Nigeria.
The President has written to the Senate to seek legislative approval for another tenure for Emefiele, whose tenure empires on June 2, 2019.
Bukola Saraki, president of the Senate, read the letter on the floor shortly before the plenary was adjourned.
Elsewhere, Emefiele himself confirmed that he is returning for second term. Emefiele confirmed this at an ongoing Association of Assets Custodians of Nigeria (AACN) conference in London.
The 57-year-old banker raised the key interest rate to a record high to contain price growth and strengthen the naira, despite sluggish growth.
Prior to his appointment to the exalted position on June 3, 2014, Emefiele was the group managing director/chief executive officer of Zenith Bank Plc, the post, he assumed after spending over 26 years in commercial banking.
He had won the best graduating student award when, in 1986, he obtained a Master’s Degree (MBA) in Finance from the University of Nigeria, Nsukka, the same school, where he studied banking and finance and graduated with a second class upper division, two years earlier.
He later had executive studies at Stanford University, Harvard University and Wharton School of Business. Even though his five-year tenure ends on June 2, Buhari has the discretion to renew his appointment.
