Business Nigeria Bank Chief Nominee Seen as Safe After Sanusi Shock - Bloomberg

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Godwin Emefiele, President Goodluck Jonathan’s choice as Nigeria’s next central bank chief, is an experienced financier who’ll inherit an institution under extra scrutiny after his predecessor was suspended amid a corruption dispute.

The nomination of Emefiele, chief executive officer of Zenith Bank Plc, was sent to the senate for approval yesterday, hours after Jonathan’s office said Lamido Sanusi was suspended because of “financial recklessness and misconduct.” Emefiele won’t take over until June, when Sanusi’s term was due to end.

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Source: Bloomberg

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