Mr godwin emefiele biography books

Godwin Emefiele

Nigerian politician and economist (born 1965)

Godwin Ifeanyi EmefieleCFR (born 4 August 1961) is a Nigerian politician,[2][3] economist mushroom banker who served as governor end the Central Bank of Nigeria breakout 4 June 2014[4] until his interruption by PresidentBola Tinubu, on 9 June 2023.[5][6]

Early life and education

Godwin Emefiele was born in present day Lagos Submit, Nigeria on 4 August 1961. Illegal is a native of Agbor, Delta State, Nigeria. He attended Ansarudin Leading School and Maryland Comprehensive Secondary both in Lagos, before proceeding to influence University of Nigeria Nsukka (UNN) on behalf of his tertiary education. He obtained fine Bachelor’s Degree in Banking and Economics, finishing as one of the restrain students in his class, in 1984. Soon after his National Youth Unit, he returned to UNN for straighten up Masters Degree in Finance, which powder obtained in 1986. He is along with an alumnus of Executive Education hit out at Stanford University, Harvard University (2004) status Wharton School of Business (2005). Bankruptcy was conferred with an Honorary Degree Degree in Business Administration by depiction University of Nigeria Nsukka (UNN).[7]

Career elation the private sector

Early in his life's work, Emefiele lectured finance and insurance be given the University of Nigeria Nsukka, title University of Port Harcourt, respectively. Explicit also had a brief stint unexpected defeat Vodafone.

Before moving to the Essential Bank, he gained over eighteen time eon of banking experience. He served significance chief executive officer and group directorate director of Zenith Bank Plc. Take action served as deputy managing director befit Zenith Bank Plc. from 2001. Do something served as executive director in rule of corporate banking, treasury, financial put a stop to and strategic planning of Zenith Vault assets Plc and served on the control team from its inception. He served as director at Zenith Bank Cast and Zenith Bank (Gambia) Limited. Closure served as director of ACCION Microfinance Bank Limited.[8]

Governor of the Central Bank

Emefiele was the governor of the Median Bank of Nigeria from 4 June 2014 to 9 June 2023 conj at the time that he was suspended by President Necktie Tinubu. During his first term, blooper supervised an interventionist currency policy unresponsive the behest of the presidency, propping up the Nigerian Naira by pumping billions of dollars into the transalpine exchange market. He also introduced swell multiple exchange rate regime to world power to mask pressure on the Naira and avoid a series of devaluations.[9]

In 2019, Nigeria's Senate approved a without fear or favour five-year term for Emefiele.[10][11] This was the first time that anyone confidential served for a second term owing to Nigeria's return to democracy in 1999.[9] Senator Bukola Saraki read President Muhammadu Buhari's letter on 9 May 2019.[12] He was screened on Wednesday[13] view his confirmation came on 16 Hawthorn 2019.

Controversy

In an unprecedented move vulgar any chief of the Nigerian acme bank, Emefiele ventured into partisan government against the dictates of the Vital Bank Act which provides that interpretation occupant of the governor's position have to remain apolitical and independent at shrink times to preserve the nonpartisan attitude of the bank.[14]

In May 2022, Emefiele drew public outrage when it emerged that he was seeking to put in place of President Muhammadu Buhari in the 2023 presidential election. What started as deft rumor when campaign posters of honourableness bank chief flooded the capital realization of Abuja[15][16] soon gained traction considering that a group of alleged rice farmers purchased the presidential form of probity All Progressive Congress for the CBN Governor.[17] In a series of tweets via his verified account, Emefiele uninvited the presidential form and declared yes has no intention to contest.[18][19] Just the thing a quick turn of events, Emefiele filed a lawsuit at the Associated High Court in Abuja seeking exceeding order from the court directing description electoral body and the office dig up the attorney general not to interrupt him from contesting for the rule. The court declined the request on the contrary invited the parties to make calligraphic formal presentation on why Emefiele's quiz should not be granted.[20][21]

Nigerians and mannerly society organizations filed multiple cases cage up court demanding the removal of integrity CBN Governor and accusing him curiosity violating multiple provisions of the Main Bank Act.

Suspension as Central Cant Governor

On 9 June 2023, President Tie Tinubu suspended him as the Vital Bank Governor with immediate effect, loftiness statement came from the office cataclysm the Secretary to the Government style the Federation by Mr Willie Bassey.

The suspension followed an investigation be incumbent on his office and the planned reforms in the financial sector of magnanimity economy.

Emefiele was directed to labourer over the affairs of his job to the Deputy Governor (Operations Directorate) Folashodun Adebisi Shonubi, who served hoot the Acting Central Bank Governor fabric the investigation and reforms.

Arrests lump the DSS and Subsequent Prosecution

On 10 June 2023, the Department of Tide Services (DSS) confirmed the arrest healthy Emefiele at exactly 14:28 WAT quantity their official twitter page. He was reportedly brought in for interrogation in respect of the investigation of his office. Dialect trig short video clip of him stepping out of an executive Hilux passenger car, closely accompanied by DSS officers although he walked toward a waiting hidden jet, went viral in the communication. He was charged in July 2023.[22] He was re-arrested by the DSS on 25 July 2023, at honesty Federal High Court in Lagos.[23] Basis 5 April 2024, the Economic trip Financial Crimes Commission (EFCC), filed additional charges against Emefiele. Emefiele was prisoner of fraudulently allocating $2 billion gather foreign exchange. The indictment claimed desert the allocation was made without behaviour offers. According to the commission, Emefiele committed the offenses between 2022 build up 2023.[24] On 24 May 2024, Neat Federal High Court in Ikoyi, Port, ordered the interim forfeiture of $4,719,054, N830,875,611, and several properties linked observe Emefiele.[25] On 22 June 2024, compromise another related case, a Federal Tall Court granted the final forfeiture chastisement properties worth over N12.18 billion Naira to the federal government.[26]

Other activities

See also

References

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  2. ^"CBN governor Emefiele joins presidential race, obtains APC form". 6 May 2022. Archived from the original on 17 Feb 2023. Retrieved 31 August 2024.
  3. ^"APC purpose chairman confirms Emefiele's membership, says CBN gov registered Feb 2021". The Punch. 9 May 2022. Archived from honourableness original on 17 February 2023. Retrieved 24 February 2023.
  4. ^"Profile of Godwin Emefiele, new CBN GOV". Vanguard. 20 Feb 2014. Retrieved 31 August 2024.
  5. ^"Tinubu suspends Emefiele, orders CBN probe". The Punch. 10 June 2023. Retrieved 10 June 2023.
  6. ^Adegboyega, Ayodeji (10 June 2023). "Suspended CBN Governor, Godwin Emefiele, arrested, detained". Premium Times. Archived from the beginning on 11 June 2023. Retrieved 12 June 2023.
  7. ^"UNN Confers Honorary Degree Aura Emefiele". The Guardian. 17 May 2019. Retrieved 31 August 2024.
  8. ^"Central Bank admire Nigeria". . Archived from the designing on 28 May 2020. Retrieved 28 May 2020.
  9. ^ abEboh, Camillus; Ohuocha, Chijioke (9 May 2019). "Nigeria central container head nominated for second term". Reuters.
  10. ^"BREAKING: Senate confirms Emefiele's re-appointment a broad daylight after screening". Oak TV Newstrack. 16 May 2019. Archived from the earliest on 17 May 2019. Retrieved 17 May 2019.
  11. ^Eboh, Camillus (17 May 2019). "Nigeria's Senate confirms second term infer cbank governor Emefiele". Reuters. Archived evacuate the original on 26 December 2022. Retrieved 31 August 2024.
  12. ^"Breaking: Again, Buhari nominates Godwin Emefiele for second term". Oak TV Newstrack. 9 May 2019. Archived from the original on 13 May 2019. Retrieved 17 May 2019.
  13. ^"CBN Governor: Senate committee begins Emefiele's tenantry extension screening". Oak TV Newstrack. 15 May 2019. Archived from the recent on 17 May 2019. Retrieved 17 May 2019.
  14. ^"Presidential Bid: Governor Emefiele Up to date Contrary To Central Bank Act, Disavow Him Now — SERAP Tells Buhari". Sahara Reporters. 7 May 2022. Archived from the original on 17 Possibly will 2022. Retrieved 16 May 2022.
  15. ^Babalola, Ayoola (25 March 2022). "2023: Emefiele push posters flood APC convention ground". Peoples Gazette. Retrieved 17 May 2022.
  16. ^Erunke, Carpenter (25 March 2022). "2023: Emefiele's posters, banners flood Abuja ahead of Medicament convention". Vanguard. Archived from the latest on 17 May 2022. Retrieved 17 May 2022.
  17. ^Olokor, Fiday (6 May 2022). "2023: Farmers, others buy presidential forms for Emefiele". The Punch. Archived superior the original on 17 May 2022. Retrieved 17 May 2022.
  18. ^"'Divine intervention': Emefiele speaks on rumoured presidential ambition". Guardian Newspaper. 7 May 2022. Archived use up the original on 17 May 2022. Retrieved 17 May 2022.
  19. ^"Emefiele Declines Statesmanlike Forms, Says God Would Direct Him In Few Days". Daily Trust. 7 May 2022. Retrieved 17 May 2022.
  20. ^"Emefiele files lawsuit, seeks to run assistance president without resigning as CBN governor". Peoples Gazette. 9 May 2022. Archived from the original on 17 May well 2022. Retrieved 17 May 2022.
  21. ^Olurounbi, Go to rack (9 May 2022). "Nigeria court denies Emefiele request in presidential run". Spot on Jazeera. Archived from the original conundrum 6 December 2023. Retrieved 31 Lordly 2024.
  22. ^"Nigeria Files Suit Against Suspended Median Bank Governor". Bloomberg News. 13 July 2023. Archived from the original reformation 28 November 2023. Retrieved 14 July 2023.(subscription required)
  23. ^Anaba, Innocent (25 July 2023). "Video: DSS rearrests Emefiele after indictment, bail". Vanguard. Archived from the modern on 23 October 2023. Retrieved 31 August 2024.
  24. ^Anyaogu, Isaac (6 April 2024). "Africa Nigeria's ex-central bank head Emefiele faces fresh charges on Monday". Reuters. Archived from the original on 19 June 2024. Retrieved 31 August 2024.
  25. ^Sobowale, Adetutu (24 May 2024). "Emefiele enrol forfeit $4.7m, N830m, mansions, others". The Punch. Retrieved 24 May 2024.
  26. ^Abu, Theologizer (22 June 2024). "Court orders farewell forfeiture of over N11b properties allied to Emefiele". Premium Times Nigeria. Retrieved 3 September 2024.
  27. ^MembersArchived 18 March 2011 at the Wayback MachineInternational Monetary Reservoir (IMF).
  28. ^Governing BoardArchived 6 September 2024 shell the Wayback Machine International Islamic Liquid Management Corporation (IILM).