CBN Governor-designate Assures Nigerians of Vibrant Economic Policies

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The Central Bank of Nigeria (CBN) Governor-designate, Mr Godwin Emefiele, on Wednesday assured Nigerians that the bank would pursue vibrant policies to ensure sustainable economic growth.

Emefiele, who said this at the 23rd Annual General Meeting of Zenith Bank Plc. in Lagos, said the bank would be firm and just to ensure growth of the economy.

The CBN governor-designate  described his appointment as a national assignment, noting that  CBN would take Nigeria and the economy to a greater height.

“We will work very hard to ensure that we don’t abuse the confidence of shareholders,’’ he said.

Emefiele, who is also the outgoing Group Managing Director, Zenith Bank, said that the apex bank would protect economic interest at all times.

He told the Zenith bank shareholders that the bank would continue to reposition itself as one of the biggest banks in Nigeria and the first in Africa.

The News Agency of Nigeria (NAN) reports that the shareholders approved the bank’s total dividend of N54.94 billion for the financial year ended Dec. 31, 2013.

The N54.94 billion translated to N1.75 per share

The National Coordinator, Pragmatic Shareholders of Nigeria, Mrs. Bisi Bakare, commended the bank for the improved result and dividend in spite of unfriendly economic environment.

Bakare lauded the CBN governor-designate on his appointment, while urging the new Managing Director, Mr Peter Amangbo, to continue with the good work of the former management.

The National Coordinator, Independent Shareholders Association of Nigeria, Mr Sunny Nwosu, called on the bank to work out strategies aimed at reducing unclaimed dividends.

Nwosu said that the bank should increase its support to agriculture and education sectors for national growth and development.

NAN reports that the bank posted a profit after tax of N97.32 billion as against the N100.68 billion posted in 2012.

The bank’s gross earnings stood at N351.47 billion as against the N307.08 billion achieved in 2012.

The growth represented 14.46 per cent.


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