Nigerian central bank governor Godwin Emiefele to serve another five-year term

May 10, 2019

World Bank IMF Spring Meetings 2019 — GODWIN EMIEFELE, the Central Bank Governor at the 2019 World Bank and IMF Spring Meetings addresses journalists in Washington D.C. on Sunday April 14, 2019. Photo: EMMANUEL IKODOR, TODAY NEWS AFRICA

Nigerian President Muhammadu Buhari has nominated Godwin Emefiele for another five-year tenure as the governor of the Central Bank of Nigeria, local newspapers reported on Thursday, citing a letter signed by Mr. Buhari on Wednesday. His first tenure is set to end in June.

GODWIN EMIEFELE, the Central Bank Governor at the 2019 World Bank and IMF Spring Meetings addresses journalists in Washington D.C. on Sunday April 14, 2019. Photo: EMMANUEL IKODOR, TODAY NEWS AFRICA

The letter of nomination has already been forwarded to the Senate for confirmation, reports added.

Emefiele was appointed in March 2014 by the former President Goodluck Jonathan to replace Lamido Sanusi Lamido who was suspended by Mr. Jonathan.

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ZAINAB AHMED, Nigeria’s Minister of Finance and head of the Nigerian delegation at the 2019 World Bank and IMF Spring Meetings addresses journalists in Washington D.C. on Sunday April 14, 2019, along with GODWIN EMIEFELE, the Central Bank Governor. Photo: EMMANUEL IKODOR, TODAY NEWS AFRICA

If confirmed by the Senate, the 57-year-old banker who was the group managing director of Zenith Bank Plc until his appointment in 2014, would be the first CBN governor to serve two tenures since Nigeria returned to democracy in 1999.

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Godwin Emiefele presents during his award presentation in Washington DC. Photo: Simon Ateba

Nigerian central bank governor Godwin Emiefele to serve another five-year term

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