Mr. Godwin Emefiele Resumes as CBN Governor Today.

 

The Central Bank of Nigeria will today (Monday) enter into a new chapter in its history when Mr. Godwin Emefiele officially takes over the mantle of leadership after months of local and international scrutiny on the institution following the (mis)handling of the departure of the flamboyant ex-governor, Mr. Lamido Sanusi.

Sanusi was suspended by President Goodluck Jonathan in February over allegations of financial recklessness in what some commentators believed was politically motivated, because of his allegation that oil revenue meant for the Federation Account was missing. While Sanusi is still in court challenging his suspension, analysts believed that he left behind a strong legacy of excellent economic management at the CBN.


Many also believe that his successor, Emefiele, will move the CBN to the next level going by his track record as an achiever during his tenure as the former Group Managing Director of Zenith Bank Plc. But Emefiele will soon face a fierce battle as the CBN governor and how he handles the issues that will come up in the coming months will determine the success or otherwise of his tenure.

Okay we pray he succeeds because that will be for the greater good for Nigeria.