{"id":71885,"date":"2022-02-10T16:44:20","date_gmt":"2022-02-10T15:44:20","guid":{"rendered":"https:\/\/buzznigeria.com\/?p=71885"},"modified":"2023-11-04T01:33:48","modified_gmt":"2023-11-04T00:33:48","slug":"godwin-emefiele-biography-profile-and-net-worth-of-the-cbn-governor","status":"publish","type":"post","link":"https:\/\/buzznigeria.com\/godwin-emefiele-biography-profile-and-net-worth-of-the-cbn-governor\/","title":{"rendered":"Godwin Emefiele Biography: Profile and Net Worth of the CBN Governor"},"content":{"rendered":"<p><strong>Godwin Emefiele (born 4 August 1961) is a Nigerian politician and banker best known as the former governor of the Central Bank of Nigeria, a position he held from 4 June 2014 to June 2023. He has an estimated net worth that is above $2 million.\u00a0<\/strong><\/p>\n<p>The position Godwin Emefiele occupied made it unthinkable for his name to slip through the cracks. He has served as an educationist and economist and worked with various banks before becoming the Governor of the apex monetary bank in Nigeria.<\/p>\n<p>Here, the succeeding lines will try to unpack the personal details of Emefiele&#8217;s childhood education, his career ascent over the years, how he accrued such substantial net worth, and some misfortunes surrounding his work.<br \/>\n<div class=\"sue-panel\" data-url=\"\" data-target=\"self\" style=\"background-color:#f0fafb;color:#262625;border-radius:0px;-moz-border-radius:0px;-webkit-border-radius:0px;box-shadow:0px 1px 2px #eeeeee;-moz-box-shadow:0px 1px 2px #eeeeee;-webkit-box-shadow:0px 1px 2px #eeeeee;border:1px solid #cccccc\"><div class=\"sue-panel-content sue-content-wrap\" style=\"padding:15px;text-align:left\">\n<h3><strong>Summary of Godwin Emefiele&#8217;s Biography<\/strong><\/h3>\n<ul>\n<li><b>Full name: <\/b>Godwin Ifeanyi Emefiele<\/li>\n<li><b>Gender:<\/b> Male<\/li>\n<li><b>Date of birth: <\/b>4 August\u00a01961<\/li>\n<li><b>Godwin Emefiele\u2019s Age:<\/b> 62 years old<\/li>\n<li><strong>State of Origin:<\/strong> Delta State<\/li>\n<li><b>Nationality:<\/b> Nigerian<\/li>\n<li><b>Zodiac Sign:\u00a0\u00a0<\/b>Leo<\/li>\n<li><b>Sexual Orientation:\u00a0<\/b>Straight<\/li>\n<li><b>Religion:<\/b> Christianity<\/li>\n<li><b>Marital Status:<\/b> Married<\/li>\n<li><b>Godwin Emefiele&#8217;s Wife: <\/b>Margaret Emefiele<\/li>\n<li><b>Godwin Emefiele&#8217;s Children: <\/b>2 sons &#8211; Godwin Pammichuckwu Emefiele Jr. and Andrew Olishehike Emefiele<\/li>\n<li><b>Godwin Emefiele&#8217;s Net worth: <\/b>above $2 million<\/li>\n<li><b>Famous as: <\/b>CBN Governor<\/li>\n<\/ul>\n<\/div><\/div>\n<h2><strong>Where is Godwin Emefiele From?<\/strong><\/h2>\n<blockquote class=\"instagram-media\" data-instgrm-captioned data-instgrm-permalink=\"https:\/\/www.instagram.com\/p\/CIyZNslHyXG\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\" style=\" background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; min-width:326px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);\">\n<div style=\"padding:16px;\"> <a href=\"https:\/\/www.instagram.com\/p\/CIyZNslHyXG\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" background:#FFFFFF; line-height:0; padding:0 0; text-align:center; text-decoration:none; width:100%;\" target=\"_blank\"> <\/p>\n<div style=\" display: flex; flex-direction: row; align-items: center;\">\n<div style=\"background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;\"><\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center;\">\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;\"><\/div>\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;\"><\/div>\n<\/div>\n<\/div>\n<div style=\"padding: 19% 0;\"><\/div>\n<div style=\"display:block; height:50px; margin:0 auto 12px; width:50px;\"><svg width=\"50px\" height=\"50px\" viewBox=\"0 0 60 60\" version=\"1.1\" xmlns=\"https:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"https:\/\/www.w3.org\/1999\/xlink\"><g stroke=\"none\" stroke-width=\"1\" fill=\"none\" fill-rule=\"evenodd\"><g transform=\"translate(-511.000000, -20.000000)\" fill=\"#000000\"><g><path d=\"M556.869,30.41 C554.814,30.41 553.148,32.076 553.148,34.131 C553.148,36.186 554.814,37.852 556.869,37.852 C558.924,37.852 560.59,36.186 560.59,34.131 C560.59,32.076 558.924,30.41 556.869,30.41 M541,60.657 C535.114,60.657 530.342,55.887 530.342,50 C530.342,44.114 535.114,39.342 541,39.342 C546.887,39.342 551.658,44.114 551.658,50 C551.658,55.887 546.887,60.657 541,60.657 M541,33.886 C532.1,33.886 524.886,41.1 524.886,50 C524.886,58.899 532.1,66.113 541,66.113 C549.9,66.113 557.115,58.899 557.115,50 C557.115,41.1 549.9,33.886 541,33.886 M565.378,62.101 C565.244,65.022 564.756,66.606 564.346,67.663 C563.803,69.06 563.154,70.057 562.106,71.106 C561.058,72.155 560.06,72.803 558.662,73.347 C557.607,73.757 556.021,74.244 553.102,74.378 C549.944,74.521 548.997,74.552 541,74.552 C533.003,74.552 532.056,74.521 528.898,74.378 C525.979,74.244 524.393,73.757 523.338,73.347 C521.94,72.803 520.942,72.155 519.894,71.106 C518.846,70.057 518.197,69.06 517.654,67.663 C517.244,66.606 516.755,65.022 516.623,62.101 C516.479,58.943 516.448,57.996 516.448,50 C516.448,42.003 516.479,41.056 516.623,37.899 C516.755,34.978 517.244,33.391 517.654,32.338 C518.197,30.938 518.846,29.942 519.894,28.894 C520.942,27.846 521.94,27.196 523.338,26.654 C524.393,26.244 525.979,25.756 528.898,25.623 C532.057,25.479 533.004,25.448 541,25.448 C548.997,25.448 549.943,25.479 553.102,25.623 C556.021,25.756 557.607,26.244 558.662,26.654 C560.06,27.196 561.058,27.846 562.106,28.894 C563.154,29.942 563.803,30.938 564.346,32.338 C564.756,33.391 565.244,34.978 565.378,37.899 C565.522,41.056 565.552,42.003 565.552,50 C565.552,57.996 565.522,58.943 565.378,62.101 M570.82,37.631 C570.674,34.438 570.167,32.258 569.425,30.349 C568.659,28.377 567.633,26.702 565.965,25.035 C564.297,23.368 562.623,22.342 560.652,21.575 C558.743,20.834 556.562,20.326 553.369,20.18 C550.169,20.033 549.148,20 541,20 C532.853,20 531.831,20.033 528.631,20.18 C525.438,20.326 523.257,20.834 521.349,21.575 C519.376,22.342 517.703,23.368 516.035,25.035 C514.368,26.702 513.342,28.377 512.574,30.349 C511.834,32.258 511.326,34.438 511.181,37.631 C511.035,40.831 511,41.851 511,50 C511,58.147 511.035,59.17 511.181,62.369 C511.326,65.562 511.834,67.743 512.574,69.651 C513.342,71.625 514.368,73.296 516.035,74.965 C517.703,76.634 519.376,77.658 521.349,78.425 C523.257,79.167 525.438,79.673 528.631,79.82 C531.831,79.965 532.853,80.001 541,80.001 C549.148,80.001 550.169,79.965 553.369,79.82 C556.562,79.673 558.743,79.167 560.652,78.425 C562.623,77.658 564.297,76.634 565.965,74.965 C567.633,73.296 568.659,71.625 569.425,69.651 C570.167,67.743 570.674,65.562 570.82,62.369 C570.966,59.17 571,58.147 571,50 C571,41.851 570.966,40.831 570.82,37.631\"><\/path><\/g><\/g><\/g><\/svg><\/div>\n<div style=\"padding-top: 8px;\">\n<div style=\" color:#3897f0; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;\">View this post on Instagram<\/div>\n<\/div>\n<div style=\"padding: 12.5% 0;\"><\/div>\n<div style=\"display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;\">\n<div>\n<div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);\"><\/div>\n<div style=\"background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;\"><\/div>\n<div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);\"><\/div>\n<\/div>\n<div style=\"margin-left: 8px;\">\n<div style=\" background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;\"><\/div>\n<div style=\" width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)\"><\/div>\n<\/div>\n<div style=\"margin-left: auto;\">\n<div style=\" width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\"><\/div>\n<div style=\" background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\"><\/div>\n<div style=\" width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\"><\/div>\n<\/div>\n<\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\">\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\"><\/div>\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<p style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;\"><a href=\"https:\/\/www.instagram.com\/p\/CIyZNslHyXG\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;\" target=\"_blank\">A post shared by Chioma Obinagwam (@joanobinagwam)<\/a><\/p>\n<\/div>\n<\/blockquote>\n<p><script async src=\"\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><\/p>\n<p>Godwin Ifeanyi Emefiele hails from Delta State. He is a native of Agbor in Ika South LGA, Delta State, of the south-south geopolitical zone of Nigeria. However, he was on 4 August 1961 in Lagos, Nigeria where he learnt to speak Yoruba language such that one could conclude that he is of Yoruba extraction. Emefiele is 62 years old in 2024and his zodiac sign is Leo.<\/p>\n<h2><strong>What is Godwin Emefiele&#8217;s Tribe?<\/strong><\/h2>\n<p>Godiwn Emefielle belongs to the Agbor tribe in Ika local government of Delta state.\u00a0 Emefiele&#8217;s tribe is an <b>Igbo<\/b> kingdom in Ika South and the indigenes of Agbor town are Ika. like the rest of the people in his community, Emefiele speaks Ika language\u00a0is an Igboid language spoken primarily by the Ika people of Delta and Edo states of southern Nigeria.<\/p>\n<h2><strong>Godwin Emefiele&#8217;s Family<\/strong><\/h2>\n<p>Gdwin was born to the late Mrs Alice Emefiele who apparently is from the Agbor tribe in Delta state. There are scarcity of details regarding Emefiele&#8217;s father and siblings but we know of his younger brother George Emefiele and Mr Karlson Emefiele, an elderly man who is a member of the Emefiele family. Godwin Emefiele&#8217;s mother passed away in 2016, at the age of 94 and was buried in Delta State according to traditional and Christian rites.<\/p>\n<h2><strong>Who is Godwin Emefiele&#8217;s Wife?<\/strong><\/h2>\n<p>Godwin Emfiele&#8217;s wife is Margaret Emefiele. Not much has been revealed about Godwin Emefiele&#8217;s wife but we sure do know that she&#8217;s been the former CBN governor&#8217;s wife for a long time and they are proud parents of two children, Godwin Jr. and Andrew Emefiele. In September 2016, Emefiele&#8217;s wife Margaret was waylaid and adopted by gunmen around Ugoneki town along the Benin-Asaba-Onitsha Expressway in Edo State. She was, however, released afterwards and her abductors, arrested.<\/p>\n<h2><strong>Who are Godwin Emefiele&#8217;s Children?<\/strong><\/h2>\n<p>The former CBN governor Godwin Ememfiele, has two sons namely Godwin Jr. and Andrew Emefiele. Sadly, there is no piece of information about Emefiele&#8217;s sons out there in the media but we are sure they are living their lives successfully and privately.<\/p>\n<p>He began his educational pursuit at the Government Primary School, formerly Ansa-U-Den Primary School, Igbosere, Victoria Island, where he obtained a Primary school leaving certificate in 1973. He completed his secondary education at the Maryland Comprehensive Secondary School, Lagos, in June 1978.<\/p>\n<p>By 1984, he bagged a degree in Banking and Finance from the University of Nigeria, Nsukka, and a master&#8217;s degree in 1986 from the same University. 2004 saw him at Stanford University, Harvard University, where he undertook Executive studies. In 2005, he took a similar executive study at the Wharton School of Business, focusing on Negotiation, Service Excellence, Critical Thinking, Leading Change, and Strategy.<div class=\"sue-panel\" data-url=\"\" data-target=\"self\" style=\"background-color:#f0fafb;color:#262625;border-radius:0px;-moz-border-radius:0px;-webkit-border-radius:0px;box-shadow:0px 1px 2px #eeeeee;-moz-box-shadow:0px 1px 2px #eeeeee;-webkit-box-shadow:0px 1px 2px #eeeeee;border:1px solid #cccccc\"><div class=\"sue-panel-content sue-content-wrap\" style=\"padding:15px;text-align:left\">\n<h3><strong>Summary of <b>Godwin Emefiele&#8217;s E<\/b>ducation<\/strong><\/h3>\n<ul>\n<li>Wharton School of Business (2005)<\/li>\n<li>Stanford University (2004)<\/li>\n<li>Harvard University (2004)<\/li>\n<li>The University of Nigeria, Nsukka (1984)<\/li>\n<li>Maryland Comprehensive Secondary School, Lagos (1978)<\/li>\n<li>Government Primary School, formerly Ansa-U-Den Primary School, Igbosere, Lagos (1973)<\/li>\n<\/ul>\n<\/div><\/div>\n<h2><strong>What is Godwin Emefiele&#8217;s Net Worth?<\/strong><\/h2>\n<p>Godwin Emefiele&#8217;s Net Worth is estimated at over $2 million. He is one of the richest bankers and financiers in Nigeria. The former CBN Governor serves as one of the vital people in the Nigerian economy and has generated massive wealth over time. The 62-year-old has worked in the private and public sectors for decades.<\/p>\n<h2><strong>How Godwin Emefiele Accumulated His $2 Million Net Worth<\/strong><\/h2>\n<p>There are several sources that contribute to Emefiele&#8217;s robust net worth but the top of it all is ars his over nine years of service as CBN governor. Here is a breakdown of how Emefiele accumulated his wealth.<\/p>\n<h3><strong>He Had a Career as a Lecturer<\/strong><\/h3>\n<p>Godwin Emefiele stepped on his career path first as a lecturer in Mathematics of Finance and Insurance at the University of Nigeria Nsukka (UNN) and the University of Port Harcourt. Although there is no fact about his salary at the time, there is a certainty that the banker&#8217;s earnings and experience have contributed to his net worth and exposed him for later works.<\/p>\n<p>Even though he will soon leave the walls of the classroom to join the banking world, Godwin Emefiele still finds himself speaking at convocations such as the University of Lagos&#8217; 51st convocation lecture. In addition, he lectures at several seminars in different parts of the world, mostly on topics related to finance and economics.<\/p>\n<h3><strong>He Served As the Managing Director of Zenith Bank<\/strong><\/h3>\n<p>Godwin Emefiele began his career in the banking sector at the Nigerian American Merchant Bank, otherwise known as the First Bank of Boston. He also served as Director of ACCION Microfinance Bank Limited. In 1990, he transferred his services to the newly founded Zenith Bank. His efforts at building the bank to be one of the most prominent financial institutions in the country cannot be forgotten in a hurry.<\/p>\n<p>He made a sharp ascent in the bank, thus becoming its Executive Director in 1996 and the Deputy Managing Director in 2001. In August 2010, Godwin Emefiele was appointed as the Group Managing Director and Chief Executive Of Zenith Bank and its subsidiaries in Ghana, Sierra Leone, Gambia, South Africa, China, and the United Kingdom.<\/p>\n<p>In his years at Zenith Bank Plc, he displayed uncommon managerial and leadership skills with the aid of information technology to position the bank on a pedestal that qualifies it to compete favorably with big names in the banking sector. In this regard, he increased the investment standard of the bank. With the investment growth came an increase in the profits of the bank.<\/p>\n<p>A CBN Update in 2020 conveys that Emefiele was one of the vital people who saw the growth of Zenith Bank from startup to one of Nigeria&#8217;s largest banks with over 9,000 staff, about <a href=\"https:\/\/www.cbn.gov.ng\/aboutcbn\/TheBoard.asp?Name=Mr%2E+Godwin+Emefiele+%28CON%29&amp;Biodata=emefiele#:~:text=Before%20his%20banking%20career%2C%20he,Insurance%20in%20two%20Nigerian%20Universities.\" target=\"_blank\" rel=\"noopener\">$3.2 billion in <\/a>shareholders&#8217; funds. It is also a bank with subsidiaries in Ghana, Sierra Leone, Gambia, South Africa, China, and the United Kingdom.<\/p>\n<h3><strong>Godwin Emefiele was CBN Governor for Over Nine Years<\/strong><\/h3>\n<p>As a CBN governor, Emefiele earned about N9 million as a monthly basic salary. This, of course, is outside various other juicy benefits he is entitled to. Emefiele launched into the public sector on 3 June 2014 as he was appointed the 11th CBN Governor after<a href=\"https:\/\/buzznigeria.com\/who-is-the-richest-king-in-nigeria-meet-the-10-wealthiest-traditional-rulers\/\" target=\"_blank\" rel=\"noopener\"> Sanusi Lamido Sanusi<\/a>. He was reappointed for a second term in May 2019, making him the first Governor of the apex bank ever to serve two terms.<\/p>\n<p>Since it is known that the CBN is one of Nigeria&#8217;s parastatals with the highest salary schemes, questions such as how much the CBN governor, Godwin Emefiele, earns often come up. Although as the governor of the Central Bank, his salary seems shadowy, there are suggestions that it is pegged at about 9 million Naira monthly.<\/p>\n<p>As to other benefits, it can only be a matter of conjectures. Apart from the wealth he may have generated that contributed to his net worth, the former lecturer and economist has made a lot of achievements, including:<\/p>\n<ul>\n<li>The creation of Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) for farmers to access loans through NIRSAL Microfinance Bank (NMFB).<\/li>\n<li>National Collateral Registry of Nigeria (NCR) was created to help Micro, Small, and Medium Enterprises (MSMEs) access credit to improve their businesses.<\/li>\n<li>Emefiele created The Creative Industry Financing Initiative (CIFI) to provide funds to those in the music and movie industry, fashion, and Information Technology.<\/li>\n<li>The Youth Entrepreneurship Development Scheme (YEDP) considers the Nigerian youths with a view to supporting them with single-digit loans.<\/li>\n<li>Under his watch, The CBN has come up with the Nigeria Electricity Market Stabilization Facility (NEMSF) was established.<\/li>\n<li>Sometime in March 2021, the CBN has announced committing over N120 billion as support to power distribution companies expressing the hope that it will assist the power companies in acquiring meters and assist in the local manufacturing of the same.<\/li>\n<\/ul>\n<p><strong>Godwin Emefiele has also initiated the following credit schemes<\/strong><\/p>\n<ul>\n<li>The Non-Oil Export Stimulation Facility<\/li>\n<li>The Accelerated Agricultural Development Scheme<\/li>\n<li>National Food Security Programme<\/li>\n<li>Export Development Facility<\/li>\n<li>The Paddy Aggregation Scheme<\/li>\n<li>Anchor Borrowers&#8217; Programme<\/li>\n<\/ul>\n<div class=\"sue-panel\" data-url=\"\" data-target=\"self\" style=\"background-color:#f0fafb;color:#262625;border-radius:0px;-moz-border-radius:0px;-webkit-border-radius:0px;box-shadow:0px 1px 2px #eeeeee;-moz-box-shadow:0px 1px 2px #eeeeee;-webkit-box-shadow:0px 1px 2px #eeeeee;border:1px solid #cccccc\"><div class=\"sue-panel-content sue-content-wrap\" style=\"padding:15px;text-align:left\">\n<h3><strong>Awards Godwin Ifeanyi Emefiele Has Received So far<\/strong><\/h3>\n<ul>\n<li>Financial Policy Strategist of the Year Award, Blueprint Impact Series, 2018<\/li>\n<li>Most Distinguished CBN Governor of the decade, Coalition of Civil Societies and Media Executive for Good Governance in Nigeria COCMEGG, 2017<\/li>\n<li>Public Service Award, The Sun, 2017<\/li>\n<li>Best of Africa Innovative Banking Award, Forbes Magazine, 2017<\/li>\n<li>Man of the Year Special Achievement Award, Silverbird Communication, 2017<\/li>\n<li>Lifetime Award in Banking, Finance and National Development, Institute for Service, Excellence, and Good Governance, 2016<\/li>\n<li>National Honours Award of the Commander of the Order of Nigeria (CON) by President Goodluck Jonathan, 2014<\/li>\n<li>Honorary Fellowship of the Chartered Institute of Bankers of Nigeria (CIBN), 2014<\/li>\n<li>Best Graduating Student Award (MBA), University of Nigeria, 1986<\/li>\n<\/ul>\n<\/div><\/div>\n<h3><strong>He Has Been Linked to Other Businesses, Which May Have Added to His Wealth<\/strong><\/h3>\n<p>The information to clarify if Godwin Emefiele has other businesses or investments is scanty. However, on 7 November 2017, <a href=\"https:\/\/www.premiumtimesng.com\/news\/headlines\/248589-violating-laws-cbn-governor-emefiele-illegally-operates-secret-companies-in-tax-havens.html\" target=\"_blank\" rel=\"noopener\">Premium Times reported<\/a> that Godwin Emefiele is a shareholder in at least three companies and was still linked to one until July 2017.<\/p>\n<p>According to the report, the Lagos-born economist is partly the owner of an offshore firm, Vitesse Asset Management SA, which owns 50,000 bearer shares with Jim Ovia. This company started in Switzerland in\u00a0 2007.<\/p>\n<p>He also owns, in part, Oviation Asset Management Limited, located in Bermuda and was established in 2009. Here, he allegedly has to his name 49 per cent of the shares. In another report regarding his business ventures, he is claimed to own 100 percent of the shares at Ovation Limited, located in the Isle of man and incorporated in 2012.<\/p>\n<h2><strong>Controversies Involving\u00a0<\/strong><strong>The CBN Governor<\/strong><\/h2>\n<h3><strong>Allegations of Mismanagement of CBN Funds and 500 Billion Naira Theft<\/strong><\/h3>\n<p><iframe  id=\"_ytid_20982\"  width=\"850\" height=\"450\"  data-origwidth=\"850\" data-origheight=\"450\" src=\"https:\/\/www.youtube.com\/embed\/l_JNtufeedQ?enablejsapi=1&#038;autoplay=0&#038;cc_load_policy=0&#038;cc_lang_pref=&#038;iv_load_policy=1&#038;loop=0&#038;modestbranding=0&#038;rel=1&#038;fs=1&#038;playsinline=0&#038;autohide=2&#038;theme=dark&#038;color=red&#038;controls=1&#038;\" class=\"__youtube_prefs__  epyt-is-override  no-lazyload\" title=\"YouTube player\"  allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen data-no-lazy=\"1\" data-skipgform_ajax_framebjll=\"\"><\/iframe><\/p>\n<p>Shortly before his confirmation by the Senate for his second term in May 2019, a damning audio conversation got into the public domain. The audio conversation, which was made public by Sahara Reporters, contains an exchange among the Deputy Governor, Edward Lametek Adamu, the Director of Finance, Dayo Arowosegbe, and Emmanuel Ukeje who serves as an aide to the CBN governor.<\/p>\n<p>The trio was in the conversation, racking their brains to find out how to conceal a botched private investment that has seen the apex bank losing N500 billion. Strong calls came from some quarters demanding his sack on the heels of this leaked conversation. In response, the Director of Corporate Communications, while admitting that there was a conversation among some of the executives of CBN, said that what was published by the media outlet was a &#8220;selective conversation&#8221; that did not capture everything.<\/p>\n<p>In addition, he denied any private investment anywhere and any loss of money from the coffers of the apex bank.\u00a0Consequently, the President did not yield to the appeal for the sack of Godwin Emefiele and reappointed him for a second term.<\/p>\n<h3><strong>Godwin Emefiele Allegedly Sabotaged Government Policies on Importation<\/strong><\/h3>\n<p>In 2020, Godwin Emefiele worked out a five per cent import duty and levy waiver for the importation of tomato paste for Sonia Foods for a period of two years. This company is purported to be owned by Nnamdi Nnodebe, a said relative of the CBN governor.<\/p>\n<p>Sahara reporters, who published the News, pointed out that the actions of Godwin Emefiele defy government policy enacted through the Ministry of Industry, Trade, and Investment in 2017. This policy placed a ban on the importation of tomato paste or powder.\u00a0Emefiele was thus accused of sabotaging the government&#8217;s policies against food importation while he gets some forms of reward from those he assists.<\/p>\n<h3><strong>$9.5 Million Reportedly Went Missing Under His Watch<\/strong><\/h3>\n<p>Emefiele was summoned by Senate Public Accounts Committee (SPAC) in 2021 to clarify some funds that were not accounted for. This sum, to the tune of $9.5 million, is an interest accrued from Petroleum Profit Tax (PPT).<\/p>\n<p>The Petroleum Profit Tax (PPT) accumulates from rents, royalties, prospecting and exploration leases, and profit-sharing elements from oil mining. This amount is supposed to be lodged in the federation account.\u00a0After failing to honor the invitation, the Senate Public Accounts Committee gave Emefiele a 72-hour ultimatum to appear before it.<\/p>\n<h3><strong>The Ban on Cryptocurrency<\/strong><\/h3>\n<blockquote class=\"instagram-media\" data-instgrm-captioned data-instgrm-permalink=\"https:\/\/www.instagram.com\/p\/CWaySQYsvTN\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\" style=\" background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; min-width:326px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);\">\n<div style=\"padding:16px;\"> <a href=\"https:\/\/www.instagram.com\/p\/CWaySQYsvTN\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" background:#FFFFFF; line-height:0; padding:0 0; text-align:center; text-decoration:none; width:100%;\" target=\"_blank\"> <\/p>\n<div style=\" display: flex; flex-direction: row; align-items: center;\">\n<div style=\"background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;\"><\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center;\">\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;\"><\/div>\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;\"><\/div>\n<\/div>\n<\/div>\n<div style=\"padding: 19% 0;\"><\/div>\n<div style=\"display:block; height:50px; margin:0 auto 12px; width:50px;\"><svg width=\"50px\" height=\"50px\" viewBox=\"0 0 60 60\" version=\"1.1\" xmlns=\"https:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"https:\/\/www.w3.org\/1999\/xlink\"><g stroke=\"none\" stroke-width=\"1\" fill=\"none\" fill-rule=\"evenodd\"><g transform=\"translate(-511.000000, -20.000000)\" fill=\"#000000\"><g><path d=\"M556.869,30.41 C554.814,30.41 553.148,32.076 553.148,34.131 C553.148,36.186 554.814,37.852 556.869,37.852 C558.924,37.852 560.59,36.186 560.59,34.131 C560.59,32.076 558.924,30.41 556.869,30.41 M541,60.657 C535.114,60.657 530.342,55.887 530.342,50 C530.342,44.114 535.114,39.342 541,39.342 C546.887,39.342 551.658,44.114 551.658,50 C551.658,55.887 546.887,60.657 541,60.657 M541,33.886 C532.1,33.886 524.886,41.1 524.886,50 C524.886,58.899 532.1,66.113 541,66.113 C549.9,66.113 557.115,58.899 557.115,50 C557.115,41.1 549.9,33.886 541,33.886 M565.378,62.101 C565.244,65.022 564.756,66.606 564.346,67.663 C563.803,69.06 563.154,70.057 562.106,71.106 C561.058,72.155 560.06,72.803 558.662,73.347 C557.607,73.757 556.021,74.244 553.102,74.378 C549.944,74.521 548.997,74.552 541,74.552 C533.003,74.552 532.056,74.521 528.898,74.378 C525.979,74.244 524.393,73.757 523.338,73.347 C521.94,72.803 520.942,72.155 519.894,71.106 C518.846,70.057 518.197,69.06 517.654,67.663 C517.244,66.606 516.755,65.022 516.623,62.101 C516.479,58.943 516.448,57.996 516.448,50 C516.448,42.003 516.479,41.056 516.623,37.899 C516.755,34.978 517.244,33.391 517.654,32.338 C518.197,30.938 518.846,29.942 519.894,28.894 C520.942,27.846 521.94,27.196 523.338,26.654 C524.393,26.244 525.979,25.756 528.898,25.623 C532.057,25.479 533.004,25.448 541,25.448 C548.997,25.448 549.943,25.479 553.102,25.623 C556.021,25.756 557.607,26.244 558.662,26.654 C560.06,27.196 561.058,27.846 562.106,28.894 C563.154,29.942 563.803,30.938 564.346,32.338 C564.756,33.391 565.244,34.978 565.378,37.899 C565.522,41.056 565.552,42.003 565.552,50 C565.552,57.996 565.522,58.943 565.378,62.101 M570.82,37.631 C570.674,34.438 570.167,32.258 569.425,30.349 C568.659,28.377 567.633,26.702 565.965,25.035 C564.297,23.368 562.623,22.342 560.652,21.575 C558.743,20.834 556.562,20.326 553.369,20.18 C550.169,20.033 549.148,20 541,20 C532.853,20 531.831,20.033 528.631,20.18 C525.438,20.326 523.257,20.834 521.349,21.575 C519.376,22.342 517.703,23.368 516.035,25.035 C514.368,26.702 513.342,28.377 512.574,30.349 C511.834,32.258 511.326,34.438 511.181,37.631 C511.035,40.831 511,41.851 511,50 C511,58.147 511.035,59.17 511.181,62.369 C511.326,65.562 511.834,67.743 512.574,69.651 C513.342,71.625 514.368,73.296 516.035,74.965 C517.703,76.634 519.376,77.658 521.349,78.425 C523.257,79.167 525.438,79.673 528.631,79.82 C531.831,79.965 532.853,80.001 541,80.001 C549.148,80.001 550.169,79.965 553.369,79.82 C556.562,79.673 558.743,79.167 560.652,78.425 C562.623,77.658 564.297,76.634 565.965,74.965 C567.633,73.296 568.659,71.625 569.425,69.651 C570.167,67.743 570.674,65.562 570.82,62.369 C570.966,59.17 571,58.147 571,50 C571,41.851 570.966,40.831 570.82,37.631\"><\/path><\/g><\/g><\/g><\/svg><\/div>\n<div style=\"padding-top: 8px;\">\n<div style=\" color:#3897f0; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;\">View this post on Instagram<\/div>\n<\/div>\n<div style=\"padding: 12.5% 0;\"><\/div>\n<div style=\"display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;\">\n<div>\n<div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);\"><\/div>\n<div style=\"background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;\"><\/div>\n<div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);\"><\/div>\n<\/div>\n<div style=\"margin-left: 8px;\">\n<div style=\" background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;\"><\/div>\n<div style=\" width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)\"><\/div>\n<\/div>\n<div style=\"margin-left: auto;\">\n<div style=\" width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\"><\/div>\n<div style=\" background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\"><\/div>\n<div style=\" width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\"><\/div>\n<\/div>\n<\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\">\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\"><\/div>\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<p style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;\"><a href=\"https:\/\/www.instagram.com\/p\/CWaySQYsvTN\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;\" target=\"_blank\">A post shared by CoinYar.com (@coinyar_com)<\/a><\/p>\n<\/div>\n<\/blockquote>\n<p><script async src=\"\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><\/p>\n<p>A directive was served to all financial institutions in February 2021, banning all financial institutions from dealing with all forms of cryptocurrency. He premised his decision on the claim that cryptocurrency is being deployed to finance terrorism.<\/p>\n<p>It is an effort to assist the government in the fight against terrorism that such a decision was taken to block the flow of finances that enables terrorism in the country.\u00a0Hence, the ban on cryptocurrencies<a href=\"https:\/\/buzznigeria.com\/bitcoin-nairaex\/\" target=\"_blank\" rel=\"noopener\"> like Bitcoin<\/a>, Litecoin, Binance, and Ethereum, which he describes as a currency from thin air.<\/p>\n<h3><strong>Godwin Emefiele Made Himself Controversial With The Blockchain Technology and Introduction of eNaira Project<\/strong><\/h3>\n<p>The announcement of the introduction of eNaira, which is a digital currency to be regulated by CBN, came some months after he outlawed cryptocurrency and prohibited Nigerian banks from making transactions in them. He explained that the\u00a0Central Bank Digital Currency (CBDC) or the eNaira was not a replacement for the physical currency.<\/p>\n<p>He came under fire for using the same blockchain technology he had earlier clamped down on.\u00a0In addition, Godwin Emefiele did not just come under fire for resorting to blockchain technology for the eNaira project, but he went further to employ the services of Bitt Inc., a company from Barbados.<\/p>\n<p>This did not sit well with some who perceived the CBN&#8217;s preference as deliberately shunning Nigerian blockchain experts. Although the CBN was quick to defend its choice of Bitt Inc. with the claim that every contractor was given a level playing ground to bid for the contract, people were still dissatisfied.<\/p>\n<h3><strong>The 62-Year-Old was Involved in Forex Controversy<\/strong><\/h3>\n<p>When he came on board as the Governor of the CBN in 2014, Emefiele oversaw the robust policy that saw them enriching the foreign exchange market with billions of dollars to assist operators of Bureau De Change in the country. This was how it worked.\u00a0Each week, the CBN reportedly sold out $50,000 to each operator. With time, the amount was reviewed downward to $30,000, then $20,000 as the number of operators soared.<\/p>\n<p>The curiosity of the CBN governor was said to have stirred as the number of operators requesting forex license up ticked, so he dispatched a team to investigate the business. The result of their findings was astonishing. Consequently, on 27 July 2021, he decided to limit these funds to commercial banks with forex licenses. The fallout of this decision further weakened the value of the Naira in the forex market.<\/p>\n<p>The official CBN exchange rate has stood at above 400 Naira per dollar for as long as one can remember. However, this exchange rate differs at the parallel market with a good percentage of margin.\u00a0By limiting the funds to only commercial banks with forex licenses, Godwin Emefiele was criticized for scraping a system of his creation on the assumption of office.<\/p>\n<h3><strong>Controversy with Founder of AbokiFX<\/strong><\/h3>\n<p>Godwin Emefiele made headlines on 17 September 2021 when he called out the founder of AbokiFX, Olusegun Oniwinde Adedotun, for intentionally tampering with the rate of forex on his website, claiming that the exchange on his website was only his creation and represented less of reality and pledged to shut down the website.<\/p>\n<p>A cross-section of those following the development came at him and blamed him for the decay in the forex market. They further asked him to reveal the persons who have contributed to the poor performance of the Naira against other currencies.\u00a0In conclusion, Godwin Emefiele remains a numero uno as far as Nigeria is concerned.<\/p>\n<p>Although his net worth here may be the most commonly reported, the CBN governor has not refuted or accepted any net worth as of this writing. Hence, what is presented here is only an estimation based on popular opinion. In addition to this, his being linked to some businesses amidst other allegations may or may not necessarily be true in its entirety.<\/p>\n<h2><strong>FAQs<\/strong><\/h2>\n<h3><strong>Godwin Emefiele is from Which State?<\/strong><\/h3>\n<p>Godwin Ifeanyi Emefiele is from Agbor in Ika South LGA, Delta State, of the south-south geopolitical zone of Nigeria.<\/p>\n<h3><strong>What was Godwin Emefiele&#8217;s Salary?<\/strong><\/h3>\n<p>Godwin Emefiele&#8217;s salary is estimated at N9 million monthly, aside from other juicy benefits he is entitled to.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Godwin Emefiele (born 4 August 1961) is a Nigerian politician and banker best known as the former governor of the Central Bank of Nigeria, a position he held from 4 June 2014 to June 2023. He has an estimated net worth that is above $2 million.\u00a0 The position Godwin Emefiele occupied made it unthinkable for [&hellip;]<\/p>\n","protected":false},"author":121436,"featured_media":71949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"2normal","footnotes":""},"categories":[341,339],"tags":[497],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Godwin Emefiele Biography: Profile and Net Worth of the CBN Governor<\/title>\n<meta name=\"description\" content=\"Godwin Emefiele is a Nigerian banker and former Governor of the Central Bank of Nigeria. He has a net worth that is above $2 million\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/buzznigeria.com\/godwin-emefiele-biography-profile-and-net-worth-of-the-cbn-governor\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nenpan Ngwan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/buzznigeria.com\/godwin-emefiele-biography-profile-and-net-worth-of-the-cbn-governor\/\",\"url\":\"https:\/\/buzznigeria.com\/godwin-emefiele-biography-profile-and-net-worth-of-the-cbn-governor\/\",\"name\":\"Godwin Emefiele Biography: Profile and Net Worth of the CBN Governor\",\"isPartOf\":{\"@id\":\"https:\/\/buzznigeria.com\/#website\"},\"datePublished\":\"2022-02-10T15:44:20+00:00\",\"dateModified\":\"2023-11-04T00:33:48+00:00\",\"author\":{\"@id\":\"https:\/\/buzznigeria.com\/#\/schema\/person\/0f844a850570638ab0b872ffb85ace2f\"},\"description\":\"Godwin Emefiele is a Nigerian banker and former Governor of the Central Bank of Nigeria. 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