Aishah Ahmad Mostly Likely Person To Replace Godwin Emefiele
Connect with us

Business

Meet Beautiful Aishah Ahmad Mostly Likely Person To Replace Godwin Emefiele

Published

on

Aishah-Ahmad

It is no longer news that the CBN governor has been asked to proceed on leaves till the end of his tenure, NIGERIA NEWS had earlier suggested that the governor will be replaced from anyone from the Northern part of the country. This again has proven as sources have named one of the top person contesting for the job as Aisha Ahmad.

If not re-appointed, the Governor of the Central Bank of Nigeria, Godwin Emefiele, might vacate his position for one of his deputies, Aishah Ahmad, a top banker in the country’s financial institution.

Ahmad is among eight likely candidates on queue to take over the apex bank’s top job from Emefiele. The other eminent Nigerians being thought fit for the job include Professor Soji Adelaja, Mohammed Dikwa, Bismarck Rewane, Umaru Abdul Mutallab, Obadiah Mailafia, Bello Maccido, Adesola Adeduntan and Herbert Wigwe.

Bua group

Recall that Emefiele’s job came under threat when the then-presidential candidate, Atiku Abubakar faulted him for the slow growth of Nigeria’s economy, stating he’s not the man to lead Nigeria’s highest financial institution.

The probability of Emefiele returning is also low since no CBN Governor has served two terms since Joseph Sanusi.

Role of CBN Governor in the economy as suggested by Naijanews

The CBN Governor is expected to advise the president on both fiscal and monetary policies from time to time. Aside from this, the CBN Act, 2007, states that the Governor is expected to formulate, for the approval of the Board, general rules and any subsequent amendments thereto, providing for:

The safekeeping of the common seal of the bank

The safekeeping of the assets of the bank and of valuables entrusted to the bank
The safekeeping of stocks of unissued or redeemed currency and the preparation, safe custody and destruction of plates and paper for the printing of currency notes and disc for the minting of coins
The protection of banknotes and coins in transit
The conditions under which any Zonal Controller, Branch Controller or Currency Officer may be appointed; and
The conditions governing discounts and advances
The exercise of dual control and general security throughout the bank; and
Such additional arrangement which may be made to ensure the efficient working of the bank, through proper observance of security and the accuracy of the accounts of the bank.
Likely criteria
Not far from the basics; to occupy the apex seat, professional background, regional consideration, and international exposure are considered in the selection of the Central Bank job.

According to a report on The Sun, the market always reacts to the final selection, which makes the background and track record of the appointed individual significant. Also, the appointee is expected to be globally respected by the International markets with foreign educational background.

 

Meanwhile, in the case of Nigeria, the position of the Central Bank governor has always been zoned between the North and South.

President Buhari’s radar

Aishah Ahmad’s name is reportedly on President Buhari’s table, with reasons not disclosed, but according to Newsonbanks, an online medium, the President is considering Ahmad for the CBN job as Emefiele’s term expires in June.

“it is not yet clear if there are strong economic reasons for this, considering emefiele’s sterling performance in stabilising the naira in the winds of the economic turbulence, hellish recession and sluggish recovery that have plagued president buhari’s years in office.”

In the report, it was stated that a source in the Presidency said

“the president is being pressured to submit her name to the senate immediately before or after the election and ensure that it is considered and approved before the end of may.”

Aishah Ahmad, 42, is the youngest member of the CBN Board and oversees the Financial Systems Stability Directorate of the apex bank. She replaced Dr Sarah Alade who retired in March 2017. If the Senate approves her nomination, she will be the youngest and the first female CBN Governor in Nigeria and the first female to hold the position in Africa.

Other eligible candidates

Aside Ahmad, eight others are currently being scrutinised and assessed for the job. These include Professor Soji Adelaja, an economist and Distinguished Professor at Michigan State University (MSU), USA; Mohammed Kyari Dikwa, a PhD holder in Accounting and Finance, whose success in coordinating the TSA and the blockage of billions for the government through PICA was said to have endeared him to the President.

Bismarck Rewane, a financial analyst and the Managing Director of Financial Derivatives Company; Umaru Abdul Mutallab, former CEO of UBA and ex-Chairman of First Bank of Nigeria and Obadiah Mailafia, a former CBN deputy governor in charge of monetary policy, foreign exchange operations, investment management, research, statistics, and cooperation with international institutions.

The rest are Bello Maccido, the Chairman of FBN Merchant Bank; Adesola Adeduntan, Managing Director/CEO, First Bank of Nigeria Limited and Herbert Wigwe, Group Managing Director/CEO, Access Bank Plc.

 

Other persons smelling the juicy positions are Professor Soji ADelaja, Mohammed Dikwa, Bismarck Rewane, Umaru Abdul Mutallab, Obadiah Mailafia, Bello Maccido, Adesola Adeduntan and Herbert Wiguwe

Please share this info from NIGERIA NEWS, it is VERY important for all
  • 55
  •  
  •  
  •  
  •  
  •  
    55
    Shares
  • 55
    Shares

BREAKING

GTB Vs Innoson: Courts Grants Innoson Chairman To Take Over Bank Over Debt

Published

on

GTB Vs Innoson: Courts Grants Innoson Chairman To Take Over Bank Over Debt

The Federal High Court in Awka grants the Innoson chairman to take over Guarantee Trust Bank Plc, GTBank after the court proceedings on the 20th of May, 2019, NIGERIA NEWS reports.

An order is made on 27th of March, 2019 in which Innoson Nigeria Ltd was granted victory over the case and to start the taking over of the Bank operation in some of her branches. The court case between the Innoson Nigeria Ltd. and GTBank are explicitly quoted below:

“Recall that the Federal High Court, Awka Division, on March 27th, 2019 granted leave to Innoson Nigeria Ltd to enforce and execute the judgment and Garnishee Order Absolute made by the court Coram Shakarho, J at the Ibadan Judicial Division on the 18th of May 2010 and the 29th of July 2011 respectively. This order was concurrently affirmed by the Court of Appeal in the judgment of 6th February 2014 and by the Supreme Court in its judgment of 27th February 2019.

“As Innoson Nigeria Ltd commenced the tedious act of the execution, GTB rushed to the court vide its motion on notice seeking orders staying or suspending the execution embarked by Innoson Nigeria Ltd and also seeking orders setting aside the exparte Orders made by the Court granting Innoson leave to enforce the judgment and to issue the processes of executing the same.

“The court further held that the order is made on March 27th, 2019 in favor of Innoson Nigeria Ltd granting it leave to enforce the judgment and issue processes of execution of the judgment are valid; and also that all the steps are taken to levy executions in pursuance of that order are still valid and are not vacated; whilst all the prayers by GTB in its motion of 1st April 2019 are not granted.

“However, the court stayed further proceedings- proceedings relating to contempt against GTB to enable the Supreme Court to hear GTB’s newly filed motion at the Supreme Court in respect of the matter. “Subsequently, the matter was adjourned to 17th October 2019 for the hearing of the pending applications – the contempt application.

“It will be recalled that through a motion on notice dated April 24th, 2019, Innoson Nigeria Ltd asked the court to commit GTB and its MD, Chairman and Secretary for contempt of court.”

Please share this info from NIGERIA NEWS, it is VERY important for all
  • 8
  •  
  •  
  •  
  •  
  •  
    8
    Shares
  • 8
    Shares
Continue Reading

Business

MTN Nigeria: See names of real owners as it goes public

Published

on

MTN Nigeria

MTN Nigeria has gone public on Thursday  and therefore the company is under the oversight of those  looking to invest. All its progress  will now be subject to the Nigerian Stock Exchange’s legal and regulatory laws.

In track with the above, the media has a responsibility to track at each and every stage in its administrative history how open or opaque a public company is.

The Cable acquired the investor list, that now owns billions in the Nigerian Stock Exchange’s second most important company. Even though MTN Nigeria is still dominated by MTN Group, the parent country, in the mobile operator, some prominent Nigerians hold billions.

Here is the Full List of the Shareholders.

Company owners

ShareholderValue (NGN)Hold
MTN Nigeria1.68 Trillion76%
STANBIC IBTC213.7 Billion9.64%
Mobile Telephone Network60.95 Billion2.75%
Gov. Employees Pension Fund38.69 Billion1.75%

Personal Owners

ShareholderValue (NGN)Hold
Victor Odili87.87 Billion3.96%
Pascal Dozie37.07 Billion1.67%
Sani Mohammed Bello28.87 Billion1.30%
Babatunde Folawiyo23.83 Billion1.08%
Gbenga Oyebode19.80 Billion0.89%
Ahmed Dazuki19.35 Billion0.87%
Karl Olutokun Toriola100.1 Million0.005%
TOTAL2.22 Trillion100%
Please share this info from NIGERIA NEWS, it is VERY important for all
  •  
  •  
  •  
  •  
  •  
  •  
Continue Reading
Advertisement

contact us

email for nigerianews

NigeriaNews_net

Advertisement

Trending