Dr. Dikwa,Ahmed set to replace Emefiele as next CBN Governor
CBN governor, Godwin Emefiele may go on 3-month terminal leave as Drbefore his tenure expires in June 2019
A reliable source confided to Reuters that Godwin Emefiele of the central bank is likely to exit in June and would take leave from this month before stepping down at the end of his five-year term, a move that could alter the path for interest rates and the currency. It was not clear when Emefiele’s replacement would be appointed but central bank governors in Nigeria typically go on a 3-month leave before the end of their tenures. The central bank declined to comment.
Dr. Dikwa has Doctorate Degree in Accounting and Finance, Masters Degree in Finance and Bachelor of Science Degree in Accountancy. He had attended the Senior Executive Course 34, 2012 at the National Institute for Policy and Strategic Studies, (NIPSS) Kuru. He was awarded Certificates in Public Financial Management Reforms, Leadership & Governance Programme, High Performance Leadership Programme and Treasury Management at the Harvard University, USA, University of Cambridge, Oxford University UK and Thames Valley University UK respectively.
Several candidates have been touted to replace Emefiele. Although some sources told Reuters that people like Ahmed Kuru and Aisha Ahmad are among those being considered to head the apex bank, we reliably gathered that President Buhari is considering Dr. M.K Dikwa and Mr. Kuru Ahmed (head of Nigeria’s “bad bank” AMCON who led the sale of the country’s nationalized banks) while a strong cabal in the presidency is lobbying for Dr. Mahmud Isa Dutse. The President is likely going to appoint a northerner as the next CBN Governor but it won’t be a surprise to see a southerner as the next CBN Czar. Already Prof Soji Adelaja has been nominated by the camp of the vice president for consideration but the odds against him are too high.
This is Ms Aisha Ahmed. She replaced Mrs Sarah Alade as Deputy Governor of the CBN last year.The 43 year old woman has considerable commercial banking experience which some people say can help her to get the top CBN job.“I think the President will not make the mistake of appointing someone like Ahmed Kuru as the next CBN Governor because of his poor performance in the defunct Enterprise Bank and as you know the CBN is a sensitive institution that is strategic to Nigeria’s development and global image,” said a Director in the Central Bank who preferred to remain anonymous.
There is a strong possibility that Dr. Dikwa who is the Permanent Secretary (Special Projects) in the Finance ministry might be the next CBN Governor and this is because of his pedigree and experience.
A reliable source in the presidency said that Dr. Dikwa’s name alongside that of Mr. John Edward and Hassan Usman Katsina were submitted to the President to fill in the vacuum created because of the departure of Mr. Suleiman Barau as Deputy Governor of the CBN. Mr. Edward’s name was taken because the President intends to appoint Dr. Dikwa as the next CBN Governor. Armed with a Doctorate Degree in Accounting and Finance, Dr. Dikwa is by far the most qualified candidate for the apex bank job. His success in coordinating the TSA and the blockage of billions for the government through PICA has endeared him to the President.
Dr. Dikwa has Doctorate Degree in Accounting and Finance, Masters Degree in Finance and Bachelor of Science Degree in Accountancy. He had attended the Senior Executive Course 34, 2012 at the National Institute for Policy and Strategic Studies, (NIPSS) Kuru. He was awarded Certificates in Public Financial Management Reforms, Leadership & Governance Programme, High Performance Leadership Programme and Treasury Management at the Harvard University, USA, University of Cambridge, Oxford University UK and Thames Valley University UK respectively. Dr. Dikwa is a professional accountant and member of many professional bodies. Dr. Dikwa is a Fellow Certified National Accountant, Fellow Chartered Institute of Taxation of Nigeria, among others. Dr. Dikwa has facilitated and attended many Courses, and authored series of publication to his credit. Dr. Dikwa has served as the Borno State Accountant-General between 1999 – 2004. Dr. Dikwa was the former Chairman Technical Board Bank of Industries (BOI), Bank of Agriculture (BOA) and has served on Board of Transcorp Hilton, Defence Industry Corporation, Nitel Transmission Company of Nigeria, Distribution Company of Nigeria (DISCO), Royal Swaziland Sugar Company etc. Dr. Dikwa was the Director in-charge of Ministry of Finance Incorporated (MOFI) later Revenue and Investment, and Director of Funds both under the Office of the Accountant General of the Federation. Dr. Dikwa acted on various occasions as the Accountant-General of the Federation including the last Acting – appointment by the President, Commander – in-Chief, Muhammadu Buhari, GCFR, on the 12th June, 2015.
Dr. Dikwa’s vast experience in financial management, development economics, strong leadership abilities and personal charm with the President may work in his favor to see him emerge as the next CBN Governor. Furthermore the fact that he is the most educated accountant from the northern parts of the country who has no trace of corrupt practice or political baggage on his head will further his chances of getting the job. Dr. Dikwa is also favored by business tycoons like Aliko Dangote,Tony Elumelu, many state Governors, senators and a host of others. A career civil servant who some people want to lure into politics to contest for governorship in Borno state, Dr. Dikwa has remained apolitical over the years and committed to excellence and probity for over 33 years in the public service. There is a strong possibility that Borno may witness the emergence of another CBN Governor like Aliyu Mai Bornu.
“Whoever succeeds Emefiele would be expected to continue to keep the naira stable to attract foreign investors, a policy which Buhari has backed,” said Reuters.