Emefiele, New CBN Gov. Resumes Tomorrow

Godwin Emefiele, newly-appointed Governor of Central Bank of Nigerian (CBN), will Tuesday take the mantle of leadership at the apex bank from Dr. Sarah Alade, acting-governor of the bank.

Emefiele was appointed by President Goodluck Jonathan some few months back following the suspension of Malam Sanusi Lamido Sanusi as a result of his indictment by the Financial Reporting Council of Nigeria (FRC) for alleged financial recklessness that made the apex bank lost huge sums of money running into several millions of naira.

However, Sanusi’s suspension is also not unconnected with his claims that the Nigerian National Petroleum Corporation (NNPC) had failed to remit several billions of dollars to the Federation Account, a claim the Federal Government is yet to accept.

At the screening before the Senate after his nomination by President Goodluck Jonathan, the new CBN governor promised to take necessary measures to support the naira that has remained under pressure for quite sometime now.

He also said: ‘’I will abide or stick to the core mandate of the CBN to actualise the monetary and price stability regulations.”