CBN Deputy Governor, Lemo Retires

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The Central Bank of Nigeria (CBN) has announced the retirement of Mr Babatunde Lemo, the Deputy Governor, Operations Directorate.

The Apex bank on Wednesday in Abuja said that Lemo was retiring from service on Friday after serving two terms of five years each.

The retirement would officially take effect from Jan.11 but Lemo would be pulled out of service on Friday, the last working day before the retirement date.

Before his appointment as a deputy governor of the apex bank in 2003, Lemo was the Managing Director and Chief Executive Officer of Wema Bank Nigeria PLC.

Lemo attended Lisabi Grammar School, Lisabi, Ogun, and the University of Nigeria, Nsukka, where he graduated with a first-class, Bachelor of Science degree in Accountancy.

As deputy governor, Lemo played a key role in the implementation of the banking sector consolidation which culminated to the emergence of 24 properly capitalised banks.

Lemo also championed the implementation of the micro finance policy and supervisory framework.

Lemo helped in the transformation of the national payments system for use of electronic payments and the transformation of the Nigerian Inter-Bank and Settlement System PLC.

Source: News Agency Of Nigeria

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