Kingsley Obiora Explained

Kingsley Obiora
Office1:Deputy Governor of Economic Policy at the Central Bank of Nigeria
Term Start1:16 January 2020
Term End1:15 September 2023
Predecessor1:Professor Joseph Nnanna
Birth Date:6 March 1976
Birth Place:Oshimili South, Delta State, Nigeria
Spouse:Rita Obiora
Education:University of Benin and University of Ibadan
Occupation:Banker

Kingsley Obiora is a Nigerian banker who served as the Deputy Governor of Economic Policy at the Central Bank of Nigeria from 2020 to 2023.[1] [2] He was the deputy governor under the former governor Godwin Emefiele until his suspension.

On 15 September 2023, a major news articles in Nigeria claimed that all deputy governors of the CBN mainly Folashodun Shonubi, Aishah Ahmad, Edward Lametek Adamu and Kingsley Obiora were removed from office alongside their principal, Godwin Emefiele.[3] [4] [5]

Education

Obiora holds a bachelor's degree in economics and statistics from the University of Benin in 1999.[6] He proceeded to the University of Ibadan for an MSc in economics, and subsequently a PhD in monetary and international economics.[7]

Career

Obiora was appointed as the Deputy Governor of the Central Bank of Nigeria on 16 January 2020 by president Muhammadu Buhari, and he was confirmed by the Nigerian Senate on 30 January 2020.[8] [9] [10] Obiora joined the International Monetary Fund in 2007, and worked at the European Department.[11] Between 2003 and 2006, he worked at the Centre for Econometric and Allied Research (CEAR), and from 2014 to 2018, he served as Special Adviser to the Central Bank of Nigeria governor, and subsequently joined the IMF again as alternate executive director between 2018 and 2019[12] He was also a technical adviser to the economic management team of president Goodluck Jonathan between 2011 and 2014.[13]

Controversy

CBN suspension

Obiora was removed from office in September 2023 alongside other three deputy governors.[14] President Bola Tinubu had ordered an investigation into the affairs of the central bank under the management of Godwin Emefiele and his deputies.[15] [16] On 1 September 2023, it was alleged that Obiora had been arrested by the Department of State Security over investigative issues of CBN,[17] [18] although he was released later.[19]

Notes and References

  1. Web site: Kingsley Obiora: The Quiet Operator at CBN . 29 September 2024 . This Day.
  2. Web site: The confirmation of appointment of Dr. Kingsley I. Obiora, Phd as deputy Governor of the Central Bank of Nigeria . January 2020 . Nigerian Senate .
  3. News: Itsibor. Mark. Bello. Olushola. 2023-09-16. Tinubu Finally Sacks Emefiele, All Deputy Governors. 2023-11-30.
  4. News: 2023-09-15. Tinubu sacks Emefiele, deputies, nominates Cardoso as new CBN governor. 2024-08-31.
  5. Web site: Tinubu Finally Sacks Emefiele, All CBN Deputy Governors. 2023-11-30. Asorock.comn.
  6. Web site: Tijani . Mayowa . 16 January 2020 . PROFILE: The serial record-breaker who would be CBN's deputy governor . 29 September 2024 . TheCable . en-US.
  7. Web site: 18 January 2020 . President Buhari Nominates Dr Kingsley Obiora As CBN Deputy . 29 September 2024 . en-US.
  8. Web site: Abayomi . John . 16 January 2020 . Buhari appoints Kingsley Obiora as CBN deputy governor . 29 September 2024 . Punch Newspapers . en-US.
  9. Web site: Shibayan . Dyepkazah . 30 January 2020 . Senate confirms Kingsley Obiora as CBN deputy governor . 29 September 2024 . TheCable . en-US.
  10. Web site: Senate Confirms Obiora as CBN Deputy Governor – THISDAYLIVE . 29 September 2024 . www.thisdaylive.com.
  11. Web site: Okwumbu-Imafidon . Ruth . 4 March 2023 . Meet Dr Kingsley Obiora, CBN's Deputy Governor (Economic Policy) who has been breaking records . 29 September 2024 . Nairametrics . en-US.
  12. Web site: For Obiora, it's Round Peg in Round Hole . 29 September 2024 . www.thisdaylive.com.
  13. Web site: Buhari Names Obiora as CBN Deputy Governor Designate . 29 September 2024 . This Day.
  14. Web site: 15 September 2023 . Tinubu sacks Emefiele, deputies, nominates Cardoso as new CBN governor . pmnewsnigeria.com.
  15. Web site: Reporters . Our . 10 June 2023 . Tinubu suspends Emefiele, orders CBN probe . 29 September 2024 . Punch Newspapers . en-US.
  16. Web site: Onuah . Felix . 9 June 2023 . Nigeria's President Tinubu suspends central bank governor . reuters.com.
  17. Web site: Ariemu . Ogaga . 1 September 2023 . CBN deputy governor Obiora reportedly arrested by DSS . 29 September 2024 . Daily Post . en-US.
  18. Web site: Chiejina . Nduka . 1 September 2023 . BREAKING: DSS arrests CBN deputy gov Kingsley Obiora . thenationonlineng.net.
  19. Web site: Chiejina . Nduka . 2 September 2023 . DSS releases CBN Deputy Gov Kingsley Obiora from detention . The Nation.