Kemi Adeosun

{{short description|Nigerian accountant, investment banker and politician}}

{{Use Nigerian English|date=December 2021}}

{{Use dmy dates|date=December 2021}}

{{Infobox officeholder

| name = Kemi Adeosun

| image =

| order =

| office = Minister of Finance

| term_start = 11 November 2015

| term_end = 14 September 2018

| president = Muhammadu Buhari

| predecessor = Ngozi Okonjo-Iweala

| successor = Zainab Ahmed

| birth_date = {{birth date and age|1967|03|09|df=y}}

| birth_place = London, England{{cite news|url=http://www.vanguardngr.com/2015/11/key-figures-in-nigerias-new-cabinet/|title=Key figures in Nigeria's new cabinet|publisher=Vanguard|accessdate=11 November 2015}}'

| nationality = Nigerian

| party =

| spouse =

| children =

| alma_mater = University of East London

| profession = Chartered Accountant{{cite news|url=http://www.news24.com.ng/Politics/News/profile-of-the-new-minister-of-finance-kemi-adeosun-20151111|title= Profile of the new Minister of Finance, Kemi Adeosun|publisher= news24.com|accessdate=11 November 2015}}

| religion =

| website =

| footnotes =

}}

Kemi Adeosun (born 9 March 1967) is the former Finance Minister of Nigeria and former chairman of the Board of African Export–Import Bank (AfreximBank).{{cite magazine|url=https://www.forbes.com/sites/peteguest/2015/11/11/nigerias-cabinet-Kemi-Adeosun-tasked-with-fixing-africas-largest-economy/ |archive-url=https://web.archive.org/web/20151114053218/http://www.forbes.com/sites/peteguest/2015/11/11/nigerias-cabinet-kemi-adeosun-tasked-with-fixing-africas-largest-economy/ |url-status=dead |archive-date=14 November 2015 |title=Nigeria's Cabinet: Kemi Adeosun Tasked With Fixing Africa's Largest Economy|magazine= Forbes|author=Pete Guest|accessdate=11 November 2015}}{{cite news|url=https://www.bloomberg.com/news/articles/2015-11-11/nigeria-s-buhari-appoints-kemi-adeosun-as-finance-minister|title=Nigeria's Buhari Picks Ex-Banker Adeosun as Finance Minister|author=Daniel Magnowski|publisher=Bloomberg business|date=11 November 2015|accessdate=11 November 2015}}{{Cite web|url=https://amp-pulse-ng.cdn.ampproject.org/v/s/amp.pulse.ng/news/local/kemi-adeosun-gets-int-l-job-despite-nysc-certificate-scandal-id8617111.html?amp_js_v=a2&_gsa=1#amp_tf=From%20%251$s&share=https://www.pulse.ng/news/local/kemi-adeosun-gets-int-l-job-despite-nysc-certificate-scandal-id8617111.html|title=Kemi Adeosun gets int'l job despite NYSC certificate scandal|website=amp-pulse-ng.cdn.ampproject.org|language=en-UK|access-date=2018-07-15}}{{Dead link|date=February 2020 |bot=InternetArchiveBot |fix-attempted=yes }}

Early life and education

Adeosun Kemi was born on 9 March 1967 in London,{{Cite web|date=2018-08-16|title=Kemi Adeosun: Who is she?|url=https://m.guardian.ng/features/kemi-adeosun-who-is-she/|access-date=2022-02-23|website=The Guardian Nigeria News - Nigeria and World News|language=en-US}} England to Nigerian parents, both who hail from Ogun State.{{cite news|url=http://in.reuters.com/article/nigeria-politics-cabinet-idINL8N1362TP20151111|archive-url=https://web.archive.org/web/20200301053006/https://in.reuters.com/article/nigeria-politics-cabinet-idINL8N1362TP20151111|url-status=dead|archive-date=1 March 2020|title=Nigeria's Buhari names banker as finance minister, swears in cabinet| date=11 Nov 2015|accessdate=11 November 2015|author=Felix Onuah|work=Reuters}} Her father was a government civil Engineer. She is the third of her father's four children. Adeosun Kemi earned a Bachelor of Science degree in Economics from the University of East London, a public university located in the London borough of Newham. She also holds a Postgraduate Diploma in Public Financial Management from the University of London and has attended various executive management programmes such as leadership training at the prestigious Wharton Business School. In 1994, Adeosun qualified as a Chartered Accountant with the Institute of Chartered Accountants in England and Wales (ICAEW){{Cite web |date=2018-08-16 |title=Kemi Adeosun: Who is she? |url=https://m.guardian.ng/features/kemi-adeosun-who-is-she/ |access-date=2022-03-10 |website=The Guardian Nigeria News - Nigeria and World News |language=en-US}}{{Cite web |date=2018-09-14 |title=Kemi Adeosun resigns as Finance Minister |url=https://www.vanguardngr.com/2018/09/kemi-adeosun-resigns-as-finance-minister/ |access-date=2022-05-25 |website=Vanguard News |language=en-GB}}{{Cite news |url=https://www.premiumtimesng.com/news/headlines/472150-nysc-scandal-court-grants-kemi-adeosun-reprieve-but-silent-on-certificate-forgery.html?tztc=1 |access-date=2024-01-22 |website=www.premiumtimesng.com |title=UPDATED: NYSC Scandal: Court grants Kemi Adeosun reprieve but silent on certificate forgery |first=Ameh |last=Ejekwonyilo |date=2021-07-07}}{{Cite web |title=KEMI ADEOSUN: An Akinkanju Through Thick and Thin – DAWN Commission |url=https://dawncommission.org/kemi-adeosun-an-akinkanju-through-thick-and-thin/ |access-date=2024-01-22 |language=en-US}}

Career

Kemi Adeosun began her career as an accounting assistant at British Telecom, London, from 1989 till 1990, after which she moved to Goodman Jones, London, working as a senior audit officer from 1990 till 1993. Kemi then became the manager of Internal Audit at London Underground, London and Prism Consulting from 1994 till 2000 before joining PricewaterhouseCoopers, London as Senior Manager from 2000 till 2002. In 2002, She became financial controller at Chapel Hill Denham Management and subsequently, managing director in 2010. After working with Quo Vadis Partnership as managing director from 2010 to 2011, she was then appointed Ogun State's Commissioner of Finance 2011. Kemi maintained this role from 2011 to 2015. She was a key part of Governor Ibikunle Amosun's Mission to Build, which turned around economic fortunes of the state.{{Cite web|url=https://www.afdb.org/en/annual-meetings-2017/speakers/kemi-adeosun/|title=Kemi Adeosun|website=African Development Bank|language=en|access-date=2018-07-30}}

In November 2015, Adeosun Kemi was appointed Nigeria's Minister of Finance by President Muhammadu Buhari.{{cite news|title=President Buhari assigns his newly-appointed ministers offices|url=https://oak.tv/president-buhari-assigns-his-newly-appointed-ministers-offices/|accessdate=31 December 2016|work=oak.tv|agency=Oak Tv|publisher=Oak Tv}} During the annual general meeting of Afreximbank in Abuja to commemorate its 25th anniversary, Adeosun was elected chairman of the board of the bank. Kemi Adeosun succeeded the outgoing chairman Ndagijimana Uzziel, Minister of Finance of the Republic of Rwanda.{{Cite news|url=https://www.today.ng/business/finance/kemi-adeosun-elected-afreximbank-board-chairperson-132840|title=Kemi Adeosun elected Afreximbank board chairperson {{!}} TODAY.NG|date=2018-07-14|work=TODAY.NG|access-date=2018-07-17|language=en-US}}

=NYSC certificate scandal=

On 7 July 2018, Nigerian online newspaper Premium Times alleged that Kemi Adeosun had illegally obtained her NYSC exemption certificate to get into public office. On 9 July, NYSC Director of Press and Public relations Adeyemi Adenike released a statement that confirmed that Adeosun legitimately submitted a request for an exemption certificate, but also stated that investigations were still ongoing to verify the approval of the exemption certificate.{{Cite web |url=https://www.premiumtimesng.com/investigationspecial-reports/275319-exclusive-finance-minister-kemi-adeosun-skips-nysc-forges-certificate.html |title=EXCLUSIVE: Finance Minister Kemi Adeosun skips NYSC, forges certificate |last=Abdulaziz |first=Abdulaziz |date=7 July 2018 |website=Premium Times |access-date=2018-07-20}}{{Cite web |url=https://www.vanguardngr.com/2018/07/adeosun-applied-for-exemption-certificate-nysc/ |title=Adeosun applied for Exemption Certificate – NYSC |date=9 July 2018 |website=Vanguard |access-date=2018-07-20}} On 14 September 2018, Adeosun resigned as Minister of Finance in a written letter to the President due to the alleged NYSC Certificate forgery scandal.{{Cite web |url=https://www.dailytrust.com.ng/breaking-finance-minister-resigns.html |title=BREAKING: Finance Minister, Kemi Adeosun resigns|date=14 September 2018 |website=Daily Post |access-date=2018-09-14}}

{{cite news |title=Kemi Adeosun resigns |url=https://punchng.com/breaking-kemi-adeosun-resigns/ |newspaper=Punch}}{{Cite web |date=2021-06-15 |title=Former finance minister, Kemi Adeosun returns to public life, launches foundation |url=https://www.premiumtimesng.com/news/top-news/467976-former-finance-minister-kemi-adeosun-returns-to-public-life-launches-foundation.html |access-date=2022-03-02 |language=en-GB}}{{Cite web |date=2021-07-08 |title=Adeosun vindicated as court says NYSC certificate not required for political appointment |url=https://tribuneonlineng.com/adeosun-vindicated-as-court-says-nysc-certificate-not-required-for-political-appointment/ |access-date=2022-03-02 |website=Tribune Online |language=en-GB}}

On 7 July 2021, the Abuja Division of the Federal High Court cleared Adeosun, holding that, as a British citizen, she had not been qualified to take part in the NYSC as at the time she graduated at the age of 22 and that when she returned to the country and became a Nigerian citizen aged over 30 she was not eligible for youth service.{{Cite web |last=Ogunyinka |first=Victor |date=2021-07-07 |title=NYSC Saga: Court clears ex-Finance Minister Kemi Adeosun |url=https://www.vanguardngr.com/2021/07/nysc-saga-court-clears-ex-finance-minister-kemi-adeosun/ |access-date=2022-11-23 |website=Vanguard News |language=en-GB}}

= Political association =

After officially being non-partisan throughout her career, Kemi Adeosun joined Nigeria's ruling party, the All Progressives Congress (APC), on 5 May 2018.{{Cite news|url=https://www.premiumtimesng.com/news/more-news/267339-photo-news-finance-minister-adeosun-picks-up-apc-membership-card.html|title=PHOTO NEWS: Finance Minister Adeosun picks up APC membership card|date=2018-05-05|work=Premium Times Nigeria|access-date=2018-08-05|language=en-GB}}

Other activities

  • African Development Bank (AfDB), Ex-Officio Member of the Board of Governors (2015-2018)[https://www.afdb.org/fileadmin/uploads/afdb/Documents/Generic-Documents/AfDB_Annual_Report_2017_EN.pdf AfDB Annual Report 2017] African Development Bank (AfDB).
  • United Nations Joint Staff Pension Fund, Member of the Investment Committee (2018)
  • World Bank, Ex-Officio Alternate Member of the Board of Governors (2015-2018)[http://siteresources.worldbank.org/BODINT/Resources/278027-1215526322295/BankGovernors.pdf Board of Governors] World Bank.

Professional memberships

See also

References

{{Reflist}}