Yewande Sadiku Explained

Yewande Sadiku (born 27 July 1972) is a Nigerian investment banker and former public servant. She was the executive secretary and CEO of the Nigerian Investment Promotion Commission from 8 November 2016 to 24 September 2021.[1] [2]

Education

In 1992, Sadiku graduated from University of Benin with a Bachelor of Science degree in Industrial Chemistry. She went on to get a Master of Business Administration degree from the University of Warwick in 1995.[3]

Career

She worked at Nigeria International Bank Limited (now Citibank Nigeria) from 1992 to 1994. In 1996, she joined Investment Banking & Trust Company Limited (later to be known as Stanbic IBTC Bank), rising to become chief executive officer of Stanbic IBTC Capital in November 2012.

In 2014, Yewande raised funding for the adaptation of the Chimamanda Ngozi Adichie novel, Half of a Yellow Sun, into a full feature film where she (Yewande) served as Executive Producer.[4]

She became executive director, corporate and investment of Stanbic IBTC Bank in July 2015.[5]

She was appointed as executive secretary and chief executive officer of the Nigerian Investment Promotion Commission (NIPC), in September 2016 by president Muhammadu Buhari.[6]

Under Sadiku, the NIPC improved in ranking from 90th (2016) to 1st (2021) in the Freedom of Information (FOI) Rankings for compliance and transparency.[7] NIPC's internally generated revenue also went from N296 million in 2016 to N3.06 billion in 2020 of which over 50% of this revenue was remitted to the consolidated revenue fund.[8] [9]

In June 2022, Yewande Sadiku was appointed head of international investment banking at Standard Bank.[10]

Allegations

In August 2021, The Economic and Financial Crimes Commission investigated Sadikufor alleged abuse of office, contract fraud and allowances unaccounted for.[11] [12] No charges were pressed against her and the act was criticized by groups as harassment from the EFCC.[13] [14] In December 2021, the Independent Corrupt Practices Commission confirmed that they had closed the case investigating her, as none of the allegations made against her was established.[15] She is widely respected for her commitment to transparency, accountability and good corporate governance.[16] [17]

Notes and References

  1. Web site: Adesanya. Adedapo. 2021-09-09. Sadiku Hails NIPC Performance, Transparency in Five Years Business Post Nigeria. 2021-09-26. en-GB.
  2. Web site: 2021-09-26. Yewande Sadiku completes 5-year tenure as Executive Secretary/CEO of NIPC. 2021-09-26. Nairametrics. en-US.
  3. Web site: 2021-08-26. SPECIAL REPORT: A Nigerian official reforming NIPC and her many battles. 2021-09-26. en-GB.
  4. Web site: Wole . Wole Famurewa . The Lunch Hour, Yewande Sadiku, Executive Secretary/CEO, Nigerian Investment Promotion Commission . December 20, 2022 . Arbiterz. 10 August 2021 .
  5. Web site: 2021-08-29. Meet Yewande Sadiku, Nigeria's chief investment promoter. 2021-09-26. Nairametrics. en-US.
  6. Web site: Buhari appoints Yewande Sadiku, Sharon Ikeazor and 11 Other CEO's for Government Agencies . Proshare . 6 February 2022.
  7. Web site: Opara . Ijeoma . NIPC emerges winner of 2021 National FOI Ranking . International Centre for Investigative Reporting . The ICIR . 28 January 2022.
  8. Web site: 2021-08-28. CSOs back Yewande Sadiku, reject harassment of 'honest public servants'. 2021-09-26. en-GB.
  9. Web site: 2021-09-06. INTERVIEW: How we are killing secrecy at NIPC -- Yewande Sadiku. 2021-09-26. en-GB.
  10. Web site: 2022-06-10. Yewande Sadiku nommée à la tête de la banque d'investissement internationale de la Standard Bank. 2022-06-10. fr-FR.
  11. Web site: Odunsi. Wale. 2021-08-09. EFCC grills Yewande Sadiku, Investment Promotion chief over fraud allegations. 2021-09-26. Daily Post Nigeria. en-US.
  12. Web site: 2021-08-09. BREAKING: Nigerian Investment Council's Boss, Sadiku Arrested, Detained Over Fraud. 2021-09-26. Sahara Reporters.
  13. Web site: 2021-08-13.
    1. FixPolitics condemns attacks on NIPC boss
    . 2021-09-26. Punch Newspapers. en-US.
  14. Web site: 2021-08-10. Alleged Corruption: NIPC management reacts to EFCC's probe of CEO. 2021-09-26. en-GB.
  15. Web site: Adesomoju . Ade . ICPC clears ex-NIPC boss, Yewande Sadiku, of corruption, fraud allegations . Premium Times . The Premium Times, Nigeria . 28 January 2022.
  16. Web site: Ikani . John . Transparency, Accountability And The Many Things We Love About Yewande Sadiku . The Heritage Times . 25 September 2021 . The Heritage Times Media . 28 January 2022.
  17. Web site: Ehuriah-Arisa . Georgina . Breaking the Spirit of Public Service: Yewande Sadiku and Her Traducers . Proshare . 6 February 2022.

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