A Review of the Nigerian Energy Industry

Moghalu exits Central Bank of Nigeria

08 November 2014, Abuja – Deputy Governor of the Central Bank of Nigeria, Kingsley Chiedu Moghalu has announced that he was leaving the bank for higher endeavours after completion of a five year term.

Moghalu in a statement said he was in charge of financial stability in the apex bank and saw his tour of duty at the bank as  a great opportunity to serve the country.
“I would like to let you know that I will be moving on to other endeavours.

CBN corporate Hq“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 o Nigeria (AMCON).

“It was a great honour and privilege to have served my country in such an important position. And it was a great and fulfilling experience. One of the best parts of that experience was meeting and collaborating with you or deepening our pre-existing relationship.

“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, stabilising 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”, he said.


– This Day

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