Lagos, Lagos State, Nigeria, July 31, 1960
University of Ife, Ile-Ife (LL.B., Hons., 1980)
University of London (LL.M., 1983)
Legal Officer, Nigerian Institute of International Affairs, 1980-1981; Associate, Debo Akande & Co. (Barristers & Solicitors), 1983-1984; Company Secretary/Legal Advisor, Nigerian International Bank (Affiliate of Citibank, N.A.), 1984-1991. Assistant General Manager: Corporate Finance and Financial Institutions, 1991-1994; Credit & Marketing, 1994-1995.
Professional certificates held in:
Citibank's Entry Level Credit and Operations Course, Intermediate Credit Seminar, Treasury Bourse Game and Advanced Trade Seminar.
Nigerian Bar Association.
Banking; corporate finance; structured trade finance; debt equity conversions; corporate law; commercial law.
The National Assembly is considering three bills to repeal and re-enact the key pieces of legislation that regulate the banking sector. Collectively, the bills provide for an increase in the Central Bank of Nigeria's autonomy and discretionary powers, an expansion of the banking regulation regime to accommodate electronic transactions and increased penalties for infractions, including the imposition of personal liability on bank officers and directors.
This update discusses the legal framework of the privatization programme in Nigeria and how the programme has progressed so far.