Choice of Next CBN Governor Narrows as Lemo Bows Out

Tunde Lemo, one of the Central Bank of Nigeria (CBN)’s deputy governorS, Tunde Lemo, eligible to aspire to take over from retiring Sanusi Lamido Sanusi has made known his intentions to retire.
Analysts had expected that Kingsley Moghalu, Tunde Lemo or Sarah Alade were probable successor to the position to ensure monetary policy continuity.
Speculators believe that the entrance of Segun Aganga, current Minister for Trade, Investment and Industry to the race may have been seen threat to the ambition of other contenders.
Lemo was Deputy to three successive governors of the CBN – Joseph Sanusi, Charles Chukwuma Soludo and Sanusi Lamido Sanusi.
Babatunde Olakunle Lemo, Deputy Governor in charge of the Operations Directorate at the Central Bank of Nigeria (CBN) will retire from the apex Bank tomorrow Friday, January 10, 2014, after serving two full terms of five years.
A statement from the CBN said Lemo’s retirement is effective from January 11, 2014, “he is expected to be pulled out of service on Friday, being the last working day before his retirement date.”
Prior to his appointment as a Deputy Governor in the Central Bank of Nigeria (CBN) in 2003, Mr. Lemo was the Managing Director/Chief Executive Officer of Wema Bank Nigeria, Plc between 2000 and 2003.
Lemo was born in 1959, and he attended Lisabi Grammar School, Ogun State and the University of Nigeria, Nsukka, where he emerged as the Best Overall graduating student in the Faculty of Social Sciences with a Bachelor of Science degree in Accountancy (First Class Division) in 1984.
Lemo is said to have attended Advanced Management Programme (AMP) at the Wharton College, University of Pennsylvania, Philadelphia, U.S.A in 2002 as well as executive training programmes in world class institutions including Harvard University, INSEAD, Fontainbleau, France, Brandies University, Boston.

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