Emefiele Redeploys CBN Deputy Governors

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Wednesday began the reorganisation of the apex bank with the redeployment of the deputy governors of the bank.

In a statement issued by Mr. Isaac Okoroafor of the Corporate Communications Department of the CBN, 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.

With the changes, 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 redeployment 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, delivering price and financial system stability and promoting sustainable economic development.

“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 new 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.”