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Urum Eke Declines Appointment To CBN Board: 13 Key Facts About The Renowned Financial Expert

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Urum Eke Declines Appointment To CBN Board: 13 Key Facts About The Renowned Financial Expert....KINDLY READ THE FULL STORY HERE▶

Urum Kalu Eke, a distinguished financial expert, recently made headlines after rejecting President Bola Tinubu’s appointment to serve as a member of the Central Bank of Nigeria (CBN) Board of Directors. This decision, revealed during a Senate confirmation process, sheds light on Eke’s commitment to his current role as a consultant with the World Bank.

Here are 13 essential facts about Urum Eke:

  1. Educational Background: Born on November 20, 1964, Eke attended Comprehensive Secondary School, Aba, and Government College, Umuahia, where he obtained his West African School Certificate and Higher School Certificate, respectively.
  2. Higher Education: He earned a bachelor’s degree in Political Science from the University of Lagos in 1985 and later pursued a Master in Business Administration in Projects Management Technology from the Federal University of Technology, Owerri in 2008.
  3. Alumni Status: Eke is an alumnus of prestigious institutions such as the Lagos Business School and the Wharton Business School, among others.
  4. National Recognition: He is a recipient of Nigeria’s National Order of Merit and a National Honour of Member of the Order of the Federal Republic.
  5. Career Beginnings: Eke commenced his professional journey in 1986 as a senior auditor with Deloitte Haskins & Sells International, where he served until 1991.
  6. Banking Career: He held the position of Executive Director at Diamond Bank Plc for 19 years, from 1992 to 2011.
  7. Financial Services Expertise: Eke served as the Group Managing Director at First Bank of Nigeria Holdings Plc and held Non-Executive Director roles on the Boards of FBN Limited and FBN Merchant Bank Limited.
  8. Public Service: In 2017, he was appointed to the board of the Nigeria Sovereign Investment Authority (Sovereign Wealth Fund) and served until 2021.
  9. Entrepreneurship: Eke is the Executive Chairman of Fairchild Group, which includes Fairchild Capital Ltd, Fairchild Base Investment Ltd, and Fairchild Ventures Ltd, among others.
  10. Philanthropy: He chairs the Board of Directors of NSIA-LUTH Cancer Centre, a leading cancer treatment facility in West Africa.
  11. Professional Experience: With over 35 years of experience in financial services, Eke’s expertise spans auditing, business assurance, consulting, and more.
  12. Contributions to Academia: Eke has made significant contributions to the financial sector through his insights and leadership roles.
  13. Commitment to Excellence: His decision to decline the CBN appointment underscores his dedication to his current responsibilities and professional ethics.

Urum Eke’s career trajectory reflects a commitment to excellence, public service, and ethical leadership in Nigeria’s financial landscape.

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The War Of Words Escalates: Okonkwo Shuts Down Peter Obi’s Demand For Apology!.

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ADC chieftain Kenneth Okonkwo has formally rejected a demand from Peter Obi to retract claims made about the Nigeria Democratic Congress (NDC) primary election process. Following Okonkwo’s interview on Channels Television, where he alleged that aspirants were forced to pay for party tickets, Obi’s legal team issued a pre-action notice seeking a public apology and ₦5 billion in damages, labeling the statements as malicious and defamatory.....KINDLY READ THE FULL STORY HERE▶

In a June 16 response via his solicitors, Supreme God Chambers, Okonkwo denied committing defamation and maintained that his comments accurately reflected complaints brought to him by various party aspirants. His legal team cited specific grievances, including claims from an Anambra House of Representatives aspirant, Obunike Ohaegbu, who alleged he paid ₦10 million to secure a ticket only to be forced into direct primaries, and complaints from other aspirants like OAU Onyema regarding the screening process. Okonkwo’s lawyers argued that his remarks were a legitimate effort to expose corruption, such as “ticket racketeering” and “extortion,” and further accused Obi’s camp of violating his privacy by leaking his personal phone number.

  • The Conflict: Kenneth Okonkwo (ADC) has refused to apologize for statements made on Channels Television regarding alleged financial impropriety in the NDC’s primary elections.

  • Obi’s Demands: Represented by Alex Ejesieme (SAN), Peter Obi characterized the allegations as defamatory and demanded a retraction, an apology, and ₦5 billion in damages.

  • Okonkwo’s Defense: Through his legal counsel, Okonkwo asserted that his statements were true, based on information provided by party members, and protected as part of his role in analyzing public affairs.

  • Key Allegations: The response detailed claims from aspirants—such as Obunike Ohaegbu and OAU Onyema—who alleged they were deceived by party officials after paying various sums during the nomination process.

  • Counter-Accusation: Okonkwo’s camp alleged that Obi’s supporters leaked his private telephone number, resulting in harassment and an invasion of his privacy.

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Sanusi Strikes Back: Outrage Erupts Over El-Rufai’s ‘Impossible’ Bail Conditions

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.....KINDLY READ THE FULL STORY HERE▶

The Emir of Kano, Sanusi Lamido Sanusi, has publicly criticized the stringent bail conditions imposed on former Kaduna State Governor, Nasir El-Rufai. El-Rufai is currently detained by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) following a nine-count charge of fraud and abuse of office filed on April 13. According to Sanusi, authorities have mandated that a serving emir and a high-ranking government official must act as sureties for his release—a requirement he described as excessive.

Beyond the specific case of El-Rufai, the former CBN Governor expressed deep concern over the state of Northern Nigeria. He lamented the erosion of the region’s cultural identity and patience, noting that while poverty has historically challenged the North, residents previously maintained a sense of dignity and influence. Sanusi concluded that the North has lost its former standing in national politics, with its leaders no longer enjoying the widespread acceptance they once commanded.

In a recent address to the press, the Emir of Kano, Sanusi Lamido Sanusi, voiced his disapproval regarding the legal hurdles currently facing former Kaduna Governor Nasir El-Rufai. El-Rufai, who is being held by the ICPC on charges of financial misconduct, has been granted bail conditions that include the requirement of an emir and a senior government official as sureties—a demand Sanusi termed unnecessarily difficult.

During the same engagement, the former Central Bank Governor reflected on the broader decline of the Northern region. He argued that the North is suffering from more than just economic hardship; it is undergoing a cultural crisis. Sanusi suggested that the region has lost its traditional sense of resilience and dignity, lamenting that Northerners have allowed their political influence to wane to the point where they are no longer seen as natural leaders for the nation.

  • Criticism of Bail: Sanusi characterized the demand for an emir and a senior government official to sign for El-Rufai’s bail as an overly burdensome requirement.

  • Legal Status: El-Rufai remains in ICPC custody following his arraignment for alleged financial crimes during his tenure as governor.

  • Cultural Critique: Sanusi argued that the North’s primary struggle is not merely poverty, but the erosion of its traditional values and cultural identity.

  • Loss of Influence: The Emir observed that Northern leaders have lost the national political capital and public acceptance they formerly enjoyed.

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The ₦1,359 Threshold: What Today’s Dollar Rate Means For Your Wallet.

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As of Wednesday, June 17, 2026, the dollar continues to trade at a premium on the parallel market (often referred to as the Aboki FX market). According to data gathered from Bureau De Change (BDC) operators in Lagos, the rates for the U.S. dollar are as follows:....KINDLY READ THE FULL STORY HERE▶

Transaction Type Exchange Rate (NGN)
Selling Rate ₦1,401
Buying Rate ₦1,392

Official CBN Market Snapshot

In contrast to the parallel market figures, the Central Bank of Nigeria (CBN) reports the official window rates for the same period:

Rate Category Exchange Rate (NGN)
Highest Rate ₦1,361
Lowest Rate ₦1,357

Important Regulatory Notice: Please be aware that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The regulatory body maintains its stance that all individuals seeking to conduct foreign exchange transactions should utilize authorized banking channels.

Market Note: Exchange rates are highly dynamic and can fluctuate significantly throughout the day based on location, transaction volume, and individual dealer discretion. The figures provided here serve as a guide and may differ from the rates encountered at specific trading points.

Are you planning to include a brief analysis of how these rates compare to last week’s figures in your upcoming report?

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