Deputy Governor of Nigeria's Central Bank Kingsley Moghalu announces resignation

Kingsley Moghalu, Former Deputy Governor of the Central Bank of Nigeria (CBN)

Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Chiedu Moghalu, has announced that he is leaving the bank after his completion of a five-year term. Kingsley Moghalu was in charge of Financial System Stability at the central bank for the majority of his tenure.

In a statement, Mr. Moghalu said that he saw his tour of duty at the CBN as a great opportunity to serve Nigeria.

“I would like to let you know that I will be moving on to other endeavors”, he stated.

“I joined the CBN in November 2009 after a 17-year career in the United Nations and later founding and heading Sogato Strategies S.A., a global strategy and risk advisory firm in Geneva, Switzerland. For most of my five years at CBN I was Deputy Governor for Financial System Stability, and for a few months served as Deputy Governor for Operations. I was a member of the Bank’s Board of Directors of the CBN, the Monetary Policy Committee, and the Committee of Governors, and served as chairman or member of the board of the Nigerian Export-Import Bank (NEXIM), the Financial Institutions Training Centre (FITC), the Securities and Exchange Commission of Nigeria (SEC), and the Asset Management Corporation of Nigeria (AMCON).”
“It was a great honor and privilege to have served my country in such an important position.”

“I look forward to the future with confidence and thanksgiving to God, and trust that new vistas and horizons lie ahead. For now, after a tumultuous five years in which the Central Bank of Nigeria played a defining role in reshaping Nigeria’s financial industry, stabilizing Nigeria’s banking sector, and maintaining monetary and price stability, I will take some rest and spend more time with my family.

“In that relaxed mode, I will review the various options and possibilities that are being presented to me, and then make a decision on precise future directions”, Kingsley Moghalu stated.

Source: Nigeria Business News.