Finance Minister Kemi Adeosun is one of the standout figures of the Buhari administration. Under her watch, Nigerian economy suffered the worse recession in more than a generation. This will definitely play a key role on how her term will be remembered. What else is worthy of note about the economist. Here are five facts for you.
1. She was born in the UK
While it is not surprising to have many Nigerian leaders from the first up to even the third Republic study abroad at one time or the other, Adeosun was born outside the shores of Nigeria. She was born in the UK, on March 9, 1967 to a civil servant father who worked as a civil engineer and who lived most of his adulthood in the British Isle. She did most of her schooling in the UK, but her parents ensured they maintained the home connection as she and her three siblings travelled often to Nigeria.
Adeosun, holds a Bachelor of Science degree in Economics from the University of East London and a Postgraduate Diploma in Public Financial Management from the University of London. Adeosun’s career started in the UK as well, in 1989, when she was hired as an accounting assistant at British Telecom.
2. She held senior managerial roles abroad
Mrs. Adeosun has a robust CV. Not only did she work abroad, she was a senior staffer for most of her career. This cuts across positions in managerial level abroad. Most of this was on managerial level. Between 1989 and 1990 she was a senior audit officer at Goodman Jones, London. Her more senior career saw her as Manager, Internal Audit at London Underground Limited, London, between 1994 and 1995, and Manager Internal Audit, Prism Consulting from 1996 to 2000. Adeosun is also a member of the Institutes of Chartered Accountants, England and Wales, as well as the Nigerian arm.
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Kemi was a Senior Manager at the Price Water Coopers. Before then, she had worked at Chapel Hill Denham Management as a financial controller in 2002 and left the organization as Managing Director in 2010. She also had a stint with Quo Vadis Partnership as Managing Director, from June 2010 to June 2011. This was her last office in the private sector before her appointment her appointment as the Commissioner of Finance in Ogun state by Governor Amosun. Adeosun never aspired to be a politician, but a friend recommended her for the top finance job at Ogun State, where she did a great job in streamlining the affairs of the State and earned herself a good reputation in the political circles.
Kemi was in the world bank just like some of her predecessors in the ministry of finance held the position of ex-officio alternate member of the board of governors.
3. Kemi Adeosun once denied Nigeria was in a recession
When recession hit the economy in 2016, the first response of the APC-led government was denial. The Minister of Finance was at the forefront of this denial. First, a Twitter account @Mrskemiadeosun wrote: “The strongest of all warriors are the two, time and patience. I know people are concerned about the recession. Recession is a word.” The tweet was later deleted and the spokesman of the minister came online to disown the account. A video obtained by Premium Times, however, confirmed that the minister indeed used the word “word” to describe recession in August 2016.
When the minister did admit that Nigeria was in a recession she used the word “technically”. Technically, in economic terms, if you have two periods of negative growth, you are technically in a recession.”
4. Kemi Adeosun is a family woman
This is to say that Kemi Adeosun values her family immensely. Her return to Nigeria in 2002 was due to this fact. She came home to be with her husband whose business made him spend more time in Lagos than with his family. She quit Price Water Cooper to make this reunion possible. She could have worked for Price Water Cooper Nigerian chapter but chose a job that would not have her travel a lot. It has been rumoured that her husband suffered bouts of alcoholism which he had now overcome due to, as claimed, the unwavering support of his wife.
Kemi Adeosun admits that she hardly socializes as she only manages to have time for her family after the demands at work.
5. Kemi Adeosun NYSC Scandal: She is alleged to have forged her NYSC certificate
In June 2018, Premium Times reports that the finance minister never participated in the mandatory one-year post-gratuate service despite having graduated from the University of East London at the age of 22. What Kemi has is a certificate of exemption which the report claims is forged. Certificates of exemption are only given to graduates who are above thirty when they left university, not to persons, as the case of Adeosun, who left the university under the age of 30 but delayed the return to Nigeria to serve.
The signature in the minister’s NYSC discharge dated September 2009 carries the name of Mr Yusuf Bomoi, the director-general of the corps. The problem is, Mr Bomoi left the corps in January 2009. A top official in the NYSC shown the certificate affirms that the certificate is fake. “We did not issue it and we could not have issued it.” Her name failed to turn up in all the exemption registers of the NYSC. Again, the sequence of the serial number of her certificate does not tally with the ones issued in the year of Adeosun.
According to the report, quoting legal authority, the jobs Mrs Adeosun has held (and still hold) are illegal. Apart from her esteemed positions in the private sector, the ecomonist has worked for the Ogun State Government and the Federal Government, in each cases, cleared by the Ogun State House of Assembly and the Senate.
Did anyone not find out about this falsehood? The Senate found her out but decided to keep quiet and use the information to blackmail her and extort her ministry for years including the illegal 10 billion naira paid to the National Assembly in April most of which are alleged to have been spent on fancy cars and other non-essential materials for the members.
Note: This is an ongoing news story and would be updated accordingly.