Nigeria’s Lemo Says Exit Won’t Affect Chance to Succeed Sanusi

Nigeria’s central bank Deputy Governor Tunde Lemo said his exit from office won’t affect his chances of possibly succeeding Governor Lamido Sanusi.

Lemo, 54, will leave the bank tomorrow after having served the maximum two, five-year terms, he said in a phone interview from the capital, Abuja, today.

Sanusi, 52, said last year he won’t renew his contract when it expires in June. While President Goodluck Jonathan hasn’t given any indication yet of who will be the next governor, Lagos-based Vetiva Capital Management Ltd. said in an Oct. 28 report that potential candidates include Lemo and Sanusi’s other three deputies.

Lemo said his departure “doesn’t affect that speculation,” citing a previous case where a retired deputy governor became Nigeria’s central bank governor. “But one doesn’t want to second-guess authorities,” he said.

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