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Paul Agbai Ogwuma
Dr. Paul Agbai Ogwuma (born 24 April 1932) is a Nigerian banker who was Governor of the Central Bank of Nigeria between 1993 and 1999 during the military regime of General Sani Abacha and his successor General Abdulsalami Abubakar. Background Ogwuma was born on 24 April 1932 in Abayi, Abia State. He is of Ngwa origin. He studied at New Bethel College, Onitsha, then went to the United Kingdom where he studied at Bradford Institute of Technology and then at Bradford University (1959 - 1962). He was an accountant at the Board of Trade in London (1966 - 1977), and also worked at the Industrial and Commercial Corporation, London (1967-1973). Ogwuma started his banking career in Nigeria in the United Bank for Africa. He later moved to the Union Bank of Nigeria where he retired as Managing Director and Chief Executive Officer in the late 1980s. Governor of the Central Bank Ogwuma was appointed Governor of the CBN in September 1993, taking office on 1 October 1993. At the time of his app ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Nigeria
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country, promote monetary stability and a sound financial environment, and act as a banker of last resort and financial adviser to the federal government. The central bank's role as lender of last resort and adviser to the federal government has sometimes pushed it into murky regulatory waters. After the end of imperial rule the desire of the government to become pro-active in the development of the economy became visible especially after the end of the Nigerian civil war, the bank followed the government's desire and took a determined effort to supplement any show shortfalls, credit allocations to the real sector. The bank became involved in lending directly to consumers, contravening its original i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph Sanusi
Chief (Dr.) Joseph Oladele Sanusi (born 24 September 1938) is a Nigerian chartered accountant who was Governor of the Central Bank of Nigeria from May 1999 to May 2004. Background and qualifications Sanusi was born on 24 September 1938 in Ogbagi-Akoko, Ondo State, Nigeria. He studied at South West London College The South West London College was a higher education college located in the Tooting and Streatham areas of London, England. The college was founded in 1966, and closed in 1990; initially it was proposed that it would be merged with the Thames Po ... and Kingston College of Technology, England from 1962 to 1965, qualifying as a Chartered Accountant. He became a member of the Institute of Chartered Accountants of Nigeria (ICAN) in 1969, and became a fellow of the Nigerian Institute of Bankers in 1987. Career Sanusi worked first as an Accountant in England, then with the Department of Customs and Excise in Nigeria. He joined the Central Bank of Nigeria (CBN) in 196 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bankers
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Bankers
Nigerians or the Nigerian people are citizens of Nigeria or people with ancestry from Nigeria. The name Nigeria was taken from the Niger River running through the country. This name was allegedly coined in the late 19th century by British journalist Flora Shaw, who later married Baron Frederick Lugard, a British colonial administrator. ''Nigeria'' is composed of various ethnic groups and cultures and the term Nigerian refers to a citizenship-based civic nationality. Nigerians derive from over 250 ethnic groups and languages.Toyin Falola. ''Culture and Customs of Nigeria''. Westport, Connecticut, USA: Greenwood Press, 2001. p. 4. Though there are multiple ethnic groups in Nigeria, economic factors result in significant mobility of Nigerians of multiple ethnic and religious backgrounds to reside in territories in Nigeria that are outside their ethnic or religious background, resulting in the mixing of the various ethnic and religious groups, especially in Nigeria's cities.Toyin Fa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1932 Births
Year 193 ( CXCIII) was a common year starting on Monday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sosius and Ericius (or, less frequently, year 946 ''Ab urbe condita''). The denomination 193 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * January 1 – Year of the Five Emperors: The Roman Senate chooses Publius Helvius Pertinax, against his will, to succeed the late Commodus as Emperor. Pertinax is forced to reorganize the handling of finances, which were wrecked under Commodus, to reestablish discipline in the Roman army, and to suspend the food programs established by Trajan, provoking the ire of the Praetorian Guard. * March 28 – Pertinax is assassinated by members of the Praetorian Guard, who storm the imperial palace. The Empire is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newswatch (Nigeria)
''Newswatch'' is a Nigerian weekly news magazine published by Newswatch Communications Limited in Nigeria. ''Newswatchs weekly print run can be as high as 100,000 copies. History and profile ''Newswatch'' was formed by Nigerian journalists Dele Giwa, Ray Ekpu, Dan Agbese and Yakubu Mohammed in 1984, and the first edition was distributed on 28 January 1985. A 1989 description of the magazine said it "changed the format of print journalism in Nigeria ndintroduced bold, investigative formats to news reporting in Nigeria". However, in the first few months of the administration of General Ibrahim Babangida, who took power in August 1985, the magazine was shamelessly flattering. It printed his face on the cover four times and even criticized "anyone who attempted to make life unpleasant for Babangida". Giwa, the first editor-in-chief of ''Newswatch'', was killed by a mail bomb in his home on 19 October 1986. The magazine was forced to shut down for six months from April 1987 by the B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohammed Abacha
Mohammed Abacha is the eldest surviving son of Nigeria's former ''military ruler'', the late general Sani Abacha, and his wife Maryam Abacha. Money laundering During his father's military rule, Mohammed Abacha was involved in looting the government. A preliminary report published by the Abdulsalam Abubakar transitional government in November 1998 described the process. Sani Abacha told his National Security Adviser Ismaila Gwarzo to provide fake funding requests, which Abacha approved. The funds were usually sent in cash or travellers' cheques by the Central Bank of Nigeria to Gwarzo Kuncnoni, who took them to Abacha's house. Mohammed Abacha then arranged to launder the money to offshore accounts. An estimated $1.4 billion in cash was delivered in this way. Legacy Like his father and mother, Mohammed Abacha has been referenced in 419 scams. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ismaila Gwarzo
Alhaji Ismaila Gwarzo is a retired Nigerian high ranking security and intelligence official. He was a police officer, and the first Director of the State Security Service; Minister of Police Affairs and was also the National Security Adviser to former President of Nigeria Sani Abacha. He has been linked to the theft of about $2.45 billion from the Central Bank of Nigeria. Early life Aliyu Ismaila Gwarzo was born in the town of Gwarzo in Kano State, about 72 kilometres from the capital Kano. He entered the Nigeria Police Force where he held a number of positions of increasing responsibility, retiring with a senior rank. Head of the State Security Service In June 1986, the Military Head of State, General Ibrahim Babangida appointed Gwarzo as Director General of the newly formed State Security Service (SSS), responsible for domestic intelligence. His Deputy Director was Lt. Colonel A.K. Togun. In a case that attracted considerable media attention, Dele Giwa, editor-in-chief of '' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuhu Ribadu
Mallam Nuhu Ribadu mni (born 21 November, 1960) is a former Nigerian police officer and politician who was the Chairman of the Petroleum Revenue Task Force and a former Nigerian government anti-corruption official. He was the pioneer Executive Chairman of Nigeria's Economic and Financial Crimes Commission (EFCC), the government commission tasked with countering corruption and fraud. In April 2009, he became a visiting fellow at the Center for Global Development. He lived in exile until 2010 when he returned to Nigeria and declared his intention to run for President of Nigeria under the platform of the Action Congress of Nigeria (ACN). On Friday, 14 January 2011, Nuhu Ribadu was adopted as the presidential candidate of the ACN. In August 2014, he defected to the ruling party PDP with the intention to run for the Governorship of Adamawa State, North East Nigeria. Education Ribadu studied law at Ahmadu Bello University in Zaria, Kaduna State from 1980 until 1983, receiving a Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic And Financial Crimes Commission
The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud (419 fraud) and money laundering. The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), which named Nigeria as one of 23 countries non-cooperative in the international community's efforts to fight money laundering. The agency has its head office in Abuja, Nigeria. History Under the previous EFCC chairman Nuhu Ribadu, the agency has addressed financial corruption by prosecuting and convicting a number of high-profile corrupt individuals, ranging from Nigeria's former chief law enforcement officer to several bank chief executives. By 2005, the EFCC arrested government officials including, Diepreye Alamieyeseigha. In September 2006, the EFCC had 31 of Nigeria's 36 state governors under investigation for corruption. In December 2007, the Nigerian Federal G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Bank For Africa
United Bank for Africa Plc (UBA) is a Multinational pan-African financial services group headquartered in Lagos and known as Africa’s Global Bank. It has subsidiaries in 20 African countries and offices in London, Paris and New York. In December 2021, UBA received its banking license to commence operations in the UAE. It is listed as commercial bank by the Central Bank of Nigeria. The shares of stock of the group are listed on the Nigerian Stock Exchange, where they trade under the symbol: UBA. The Group Chairman of the bank is Tony Elumelu and the GMD/CEO is Oliver Alawuba. Current executives The table below shows the current Group Board of United Bank for Africa: Overview United Bank For Africa is a large financial services group in Nigeria and on the African continent. As of December 2021, the group's financial assets were valued at ₦8.5 trillion (US$20.1 billion), with shareholders' equity of ₦724.1 billion (US$1.8 billion). At that time the grou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abdulkadir Ahmed
Abdulkadir Ahmed (31 October 1940 – 1997) was a Nigerian businessman and civil servant who was governor of the Central Bank of Nigeria from 1982 to 1993. Background Ahmed was born on 31 October 1940 in Jama'are, Bauchi State. He attended Barewa College, Zaria in 1955. He joined the New Nigerian Development Company in January, 1960. Ahmed studied at the University of Ife in 1961. He graduated from South West London College in 1972. Ahmed became Commissioner of Finance for Bauchi state (March 1976 - June 1977). He was appointed a Deputy Governor with the Central Bank of Nigeria in 1977. Before he became Commissioner of Finance, Ahmed had executive experience with Northern Nigeria Development Company (NNDC) and represented the firm in boards of associated companies such as Arewa Textiles Mills, Northern Nigeria Textiles Mills, Cement Company of Northern Nigeria and Arewa Hotels. He joined NNDC in 1960 and was sponsored for training in institutions in Nigeria and abroad. He served ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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