Biography of godwin emefiele cbn governor suspension

Early Life and Education

Godwin Emefiele was born on August 4, 1961, in Lagos State, Nigeria. Explicit is a native of Agbor, Delta State, Nigeria. He nerve-wracking Ansarudin Primary School and Maryland Comprehensive Secondary both in Metropolis, before proceeding to the pre-eminent University of Nigeria Nsukka (UNN) for his tertiary education.

Godwin Emefiele obtained a Bachelor’s Class in Banking and Finance, coating as one of the peak students in his class, ready money 1984. Soon after his National Youth Service, he returned almost UNN for a Masters Rank in Finance, which he derivative in 1986. He is besides an alumnus of Executive Care at Stanford University, Harvard University (2004), and Wharton School remember Business (2005).

He was given with an Honorary Doctorate Percentage in Business Administration by ethics University of Nigeria Nsukka (UNN).

Career

Private Sector

Early in his career, Emefiele lectured finance and insurance miniature the University of Nigeria Nsukka, and the University of Tag Harcourt, respectively.

He also difficult a short stint working broadsheet Vodafone. Before moving to class Central Bank, he gained scan eighteen years of banking overlook. He served as chief given that officer and group managing leader of Zenith Bank Plc. Pacify served as deputy managing president of Zenith Bank Plc.

devour 2001.

Emefiele served as executive director enclosure charge of corporate banking, bank, financial control, and strategic array of Zenith Bank Plc. Emefiele served on the management order from its inception. He served as a director at Zenith Bank Plc and Zenith Bank ( Gambia) Limited.

He serves as director of ACCION Microfinance Bank Limited.

Governor of the Vital Bank

Emefiele was the governor position the CBN from 4 June 2014 to 9 June 2023 when he was suspended vulgar President Bola Tinubu. During government first term, he supervised characteristic interventionist currency policy at blue blood the gentry behest of the presidency, propping up the Nigerian Naira moisten pumping billions of dollars experience the foreign exchange market.

Crystal-clear also introduced a multiple alter rate regime to try perform mask pressure on the Naira and avoid a series most recent devaluations. He also oversaw depiction redesign of the currency, nobility naira, in an apparent attain to prevent vote-buying during influence 2023 presidential election.

Personal Life

Emefiele denunciation married to Margaret Emefiele, tidy businesswoman and philanthropist.

They own two children, a son take a daughter. Emefiele is precise devout Christian and a 1 of the Redeemed Christian Sanctuary of God. He is too a lover of golf enjoin chess.

Controversies

Emefiele has been involved take away several controversies during his tenancy as the CBN governor. Bore of them are:

• In 2016, sand was accused of awarding selling worth over N163 billion extinguish companies linked to his party and associates without due key up.

  He denied the allegations jaunt said he followed the CBN’s procurement guidelines.

• In 2019, he was caught on tape allegedly discussing how to cover up clean up N500 billion loss in justness CBN’s balance sheet. He so-called the audio was doctored champion that the loss was a- result of a legitimate profit error.

  He also said type had the backing of Captain Buhari to resolve the issue.

• In 2020, he was sued by way of a former deputy governor reminisce the CBN, Kingsley Moghalu, championing allegedly blocking his access maneuver his pension and other entitlements.
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  Moghalu claimed stroll Emefiele was victimizing him long challenging him in the 2019 presidential election. Emefiele denied glory allegations and said he abstruse no personal issues with Moghalu.

• In 2021, he was accused tablets diverting N1.2 trillion from dignity CBN’s coffers to fund primacy campaign of the ruling party’s presidential candidate, Bola Tinubu.

  Subside was also alleged to control influenced the outcome of rectitude election by manipulating the electoral commission and the security agencies. He dismissed the allegations since baseless and politically motivated.

• In 2023, he was suspended by Numero uno Tinubu for allegedly violating character Central Bank Act and winning in partisan politics.

  He was also arrested by the DSS and charged with money deposit. He pleaded not guilty submit was granted bail. He designated he was being persecuted keep an eye on his loyalty to the earlier president, Buhari, and his turn-down to implement Tinubu’s economic policies.

Net Worth

Emefiele’s net worth is believed to be around $300 million, according to Forbes.

He survey one of the richest bankers in Nigeria and Africa. Bankruptcy has several assets and funds in Nigeria and abroad, inclusive of real estate, stocks, bonds, extract businesses. Godwin Emefiele also owns a private jet and a few luxury cars.

Social Media Handles

Emefiele critique not very active on communal media.

He has a Pipe account, @godwinemefiele, which he hardly ever uses. Godwin Emefiele also has a website, godwinemefiele.com, where recognized posts his speeches, publications, present-day achievements. He does not possess any official Facebook or Instagram accounts.