Jonathan Appoints Zenith Bank’s MD As New CBN Governor

President Goodluck Jonathan has appointed Godwin Emefiele, who is the managing director of Zenith Bank, as the new governor of Central Bank.Mr. Jonathan submitted Mr. Emefiele's name to the Senate for affirmation Thursday hours after he published the suspension of Sanusi Lamido as the CBN senator.

The CBN's appointee senator, Sarah Alade, was named early Thursday as acting legislative head of the bank.

Mr. Jonathan said if affirmed by the senate, Mr. Emefiele will assume control completely as the substantive senator set up of Mr. Sanusi whose residency elaspes in June 2014.

The president additionally assigned Adelabu Adebayo as the appointee legislative leader of the bank. Mr. Adebayo is present an official executive at First Bank.