Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele
The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Wednesday commenced the reorganisation of the institution with the redeployment of the deputy governors of the bank.
The development was attested in a verbal expression issued by Mr. Isaac Okoroafor of the Corporate Communications Department of the CBN.
The verbal expression verbally expressed that with the transmutations, the Deputy Governor, Corporate Services, Alhaji Suleiman Barau, was now in charge of operations, while the incumbent, Dr. Kingsley Moghalu, would oversee the Financial Systems Stability Directorate.
It integrated that Mr. Adebayo Adelabu, who was in charge of Financial Systems Stability, had now been made the deputy governor, Corporate Services; while Dr. Sarah Alade retains her position as the deputy governor in charge of the Economic Policy Directorate.
The redeployments, according to the verbalization, will take effect from Monday, June 23, 2014, noting that the individuals were expected to contribute to the bank’s vision of being the model central bank, distributing price and financial system stability and promoting sustainable economic development.
The verbalization read in part, “In line with his vision of entrenching a more professional and people-focused central bank, the Governor of the CBN, Mr. Godwin Emefiele, has approved the redeployment of deputy governors in the bank.
“With the incipient changes, Alhaji Suleiman Barau, Deputy Governor, Corporate Services Directorate, is now the Deputy Governor, Operations Directorate.
“Dr. Kingsley Moghalu currently the Deputy Governor, Operations, returns to the Financial Systems Stability Directorate; while Mr. Adebayo Adelabu, who was in charge of Financial Systems Stability, is now the Deputy Governor, Corporate Services. Dr. Sarah Alade retains her position as the Deputy Governor, Economic Policy Directorate.”
Emefiele, had while unveiling his blueprint for the banking sector and the economy, verbalized that he would engender a central bank that is professional, apolitical and people-focused central bank.
He had verbalized that the bank would be repositioned into an institution that would dissipate its energies into building a resilient financial system that would accommodate the magnification and development desiderata of the country.
Meanwhile, the CBN on Wednesday unveiled plans to establish a National Credit Scoring System to enhance access to credit.
Emefiele disclosed this while verbalizing at a seminar on ‘Rebasing of Nigeria’s economy and implicative insinuation for the Financial Sector Strategy 2020’.
He verbally expressed since the rebasing of the country’s Gross Domestic Product had revealed the vicissitudes in the structure of the economy, there was the desideratum or the bank to make funds available to employment-engendering sectors.
Copyright PUNCH.
