CBN governor

CBN Governor Godwin Emefiele Sacked! Truth or Rumor?

The news or otherwise the rumor of the Central Bank of Nigeria (CBN), Godwin Emefiele’s sack has been in the news since early hours of Monday. The news alleged that the Federal Government of Nigeria has sacked Emefiele, asking him to proceed on leave ahead of expiration of his tenure. Emefiele was said to have received a letter to the effect on Monday.

However, the reports have been debunked by the spokesman of the apex bank, Isaac Okoroafor, saying that the governor was in his office carrying out his daily duties.

In a telephone chat, he said;

“I don’t understand what you mean…
as I speak to you, the CBN governor (Emefiele)
is in his office performing his duties”.

The financial expert has been Governor of the Central Bank of Nigeria since June 3, 2014. He was Chief Executive officer and Group Managing Director of Zenith Bank Plc and previously the Deputy Managing Director of Zenith Bank Plc.

Emefiele served as Executive Director in charge of Corporate Banking, Treasury, Financial Control and Strategic Planning of Zenith Bank Plc and has been on the Management team since inception.

Emefiele was one time a director at Zenith Bank Plc and Zenith Bank (Gambia) Limited. Before commencing his banking career, he lectured Finance and Insurance at the University of Nigeria Nsukka, and University of Port Harcourt, respectively.

He is an alumnus of Executive Education at Stanford University, Harvard University (2004) and Wharton School of Business (2005). Emefiele holds a B.Sc. degree in Finance in 1984 and an MBA Degree in Finance in 1986, both from the University of Nigeria, Nsukka.

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