DESPITE POOR PERFORMANCE & ALLEGATIONS OF CORRUPTION, PRESIDENT BUHARI REAPPOINTS EMEFIELE FOR ANOTHER 5 YEAR TERM AS CBN BOSS

DESERT HERALD can confirm that despite so much controversy, highhandedness and allegations of corruption that characterize his reign as the Governor of the Apex bank, President Muhammadu Buhari has reappointed the governor of Central Bank of Nigeria, Godwin Emiefele, for another five years term.

Mr Buhari’s letter seeking the Senate’s approval for his reappointment of Mr Emefiele was read out by the Senate President, Bukola Saraki, at the close of plenary on Thursday.

The president, in the letter, said Mr Emefiele’s first term will expire on June 2 and sought confirmation of his reappointment, pursuant to the provisions of Section 81(2) of the CBN Act 2007.

He said the CBN governor’s reappointment will be for a second and final tenure of five years.

Mr Buhari said he hoped the request would receive the usual expeditious consideration of the Senate.

Mr Emiefele was appointed by former President Goodluck Jonathan in February 2014, hours after he announced the suspension of his predecessor, Sanusi Lamido, as the CBN governor.

Until to his appointment, Mr Emefiele was the managing director of Zenith Bank.