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Nigerian Senate approves Emefiele for 2nd-term as CBN governor

Ruth Olurounbi by Ruth Olurounbi
May 16, 2019
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CBN GOVERNORR AWARD IN US 3: L-R: The MD/CEO, First Bank of Nigeria Plc, Adesola Adeduntan; Director General, Debt Management Office, Patience Oniha; Group Managing Director, Diamond Bank, Uzoma Dozie; Deputy Governor, CBN, Dr. Okwu Nnanna; Governor, Central Bank of Nigeria, Mr. Godwin Emefiele; Chairman, Foreign Investment Network, Mrs. Olayinka Fayemi and the CEO, Unity Bank Plc, Tomi Somefun shortly after Emefiele was conferred with the 2017 Forbes Best of Africa Innovative Banking Award at the Willard Intercontinental Hotel in Washington DC…Thursday, October 12, 2017 . PHOTO; SUNDAY AGHAEZE

CBN GOVERNORR AWARD IN US 3: L-R: The MD/CEO, First Bank of Nigeria Plc, Adesola Adeduntan; Director General, Debt Management Office, Patience Oniha; Group Managing Director, Diamond Bank, Uzoma Dozie; Deputy Governor, CBN, Dr. Okwu Nnanna; Governor, Central Bank of Nigeria, Mr. Godwin Emefiele; Chairman, Foreign Investment Network, Mrs. Olayinka Fayemi and the CEO, Unity Bank Plc, Tomi Somefun shortly after Emefiele was conferred with the 2017 Forbes Best of Africa Innovative Banking Award at the Willard Intercontinental Hotel in Washington DC…Thursday, October 12, 2017 . PHOTO; SUNDAY AGHAEZE

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The Nigerian Senate has approved President Muhammadu Buhari’s request that Godwin Emefiele returns as central bank governor for a second term.

Emefiele effectively becomes the first central bank governor to return for a second term since Nigeria returned to a democratic rule in 1999.

Emefiele second term will expire in 2024.

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