Zenith Bank MD, Godwin Emefiele Begins Screening For CBN Job, As Deputy, Moghalu Accused Suspended Governor, Sanusi Of ‘Political Posturing’

Zenith Bank Managing Director and presidential nominee to take over as headman at apex banking institution, Central Bank- Mr Godwin Emefiele begins screening for tomoro (Thursday March 19 2014).

Emefiele is listed to be vetted by Senate Committee on Banking, which will present a report to the whole house for adoption or not.

If the house approves his nomination, the Zenith Bank M.D will assume office on June 1 2014 as the new CBN Governor.

Findings however reveal there are underground moves by some forces for a bye pass of norm to pave way for a screening by the whole house. It is not clear how possible this is at press time.

Revelations of Emefiele’s upcoming screening comes on the heels of disclosure by Mr Kingsley Moghalu, a deputy to suspended Central Bank Governor Mr Sanusi Lamido Sanusi that the out of work CBN gov indeed overstepped his authorities.

The presidency had suspended Mr Sanusi on allegations of financial recklessness and official misconducts.

Mr Moghalu in a recent public disclosure confirms the suspended CBN governor out stepped his bounds.

The Senior CBN official told foreign publication, Daily Independent that Sanusi made ‘ very damaging public allegations against the government… allegations that have not been proven, after the president

had sent him a presidential query about the finances of the central bank.

The government has given a reason for the suspension and that was… to enable an investigation into the allegations against him,”

He went further ‘Somebody in the central bank was taking on an activist political role. That is not our function. Central banks over the world have clear functions and in your country [Britain] and any other civilised country I know that central bank governors operate within certain expectations and constraints and respect those expectations and constraints,’

Mr Kingsley Moghalu is the Central Bank deputy governor incharge of operations.

Mr Sanusi in his defence as consistently tagged his suspension a breach of the constitution, which itself is the fallout of refusals to accommodate presidential directives he claims are infractions.