Emefiele, CBN gov-designate assures Nigerians of vibrant policies

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The Central Bank of Nigeria Governor-designate, Godwin Emefiele, has 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-designated 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 bank in Nigeria and the first in Africa.

Shareholders approved the bank’s total dividend of N54.94bn, which translates to N1.75 per share for the financial year ended Dec. 31, 2013.

The National Coordinator, Pragmatic Shareholders of Nigeria, 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, Peter Amangbo, to continue with the good work of the former management.

The National Coordinator, Independent Shareholders Association of Nigeria, 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.

Zenith Bank posted a profit after tax of N97.32bn as against the N100.68bn posted in 2012 and a gross earnings of N351.47bn as against the N307.08bn achieved in 2012, representing a 14.46 per cent increase.

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