EMEFIELE REORGANISES CBN, REDEPLOYS DEPUTY GOVS

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.
The development was confirmed by a statement by Mr. Isaac Okoroafor on behalf of the Head of Corporate Communications Department.
The statement said with the new changes, the DG, Corporate Services, Alh Suleiman Barau, is now the DG, Operations, while Dr. Kingsley Moghalu, currently the DG, Operations, returns to the Financial Systems Stability Directorate.
It added that Mr. Adebayo Adelabu, who was in charge of Financial Systems Stability, had been made the DG, Corporate Services, while Dr. Sarah Alade retains her position as the Deputy Governor, Economic Policy Directorate.
These redeployments, according to the statement, will take effect from Monday June 23, 2014, noting that these 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.
The statement reads in part, “In line with his vision of entrenching a more professional and people-focused central bank, the Governor of the CBNMr. 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 DG, Corporate Services. Dr. Sarah Alade retains her position as the DG, Economic Policy Directorate.”
Emefiele, had on assumption of office, while unveiling his blueprint for the banking sector and the economy, stated that he would, through his vision for the country, create a Central Bank that is professional, apolitical and people-focused.
Source: Punch