Home | About Us | FAQs | RSS | Contact Us | Sitemap | Careers | Educational    

Passing Away Of Mr. Ola Vincent (1925 - 2012)

 

We learned with great shock the passing away of Mr. Ola Vincent, CFR, former Governor of the Central Bank of Nigeria passed away on Monday, 3rd September,2012.

The late Mr. Ola Vincent served Nigeria in various capacities and was the Governor of the Bank from June, 1977 to June 27, 1982, a time when the nation faced very dire economic challenges. His expertise in handling his role as the Governor helped in providing stability and economic growth.

Prior to his appointment as Governor, he was Deputy Governor from April 1, 1975 to June 28, 1977.

Some key achievements of late Mr. Ola Vincent , the former Governor include the following:

  • Introduction of the N20 Banknote with the portrait of former Head of State, Late General Murtala Ramat Mohammad in 1977
  • Introduction of the portraits of eminent Nigerians on the N10, N5 and N1 Banknotes in 1979.
  • Opening of ten (10) Branches between 1978 and 1981 namely: Sokoto, Ilorin, Calabar, Bauchi, Abeokuta, Akure, Owerri, Makurdi, Yola and Minna. This achievement brought the number of CBN Branches to eighteen (18) in 1981.
  • Conceptualisation, launching and setting aside of funds for the Agricultural Credit Guarantee Scheme (ACGS).
  • Midwifed the computerization of the Bank's operations tagged "Central Bank of Nigeria Computerisation Project" in 1978. That was the Computerisation of the pay roll process, customer and general ledger, foreign exchange control, public debt, economic modeling and forecasting, statistical computation and analysis.
  • Laying the foundation stone of the Staff training school at the satellite town, lagos.

As we mourn the passing away of a great icon, we are comforted by his exemplary and indeed a life well-lived.

The CBN family will continue to remember him as a great, visionary and worthy leader.

May his gentle soul rest in perfect peace. Amen.

Ola Vincent
     
     
Dutch Auction System
Date Total Sold
2/18 Auction No. 14 held with 16 Banks biding for a total of $0.00 (the lowest bid was $168.00). Total amount sold was $199,606,609.52. Click on date to see the detailed breakdown of the auction. ($199,606)
2/16 Auction No. 13 held with 21 Banks biding for a total of $0.00 (the lowest bid was $168.00). Total amount sold was $199,404,681.28. Click on date to see the detailed breakdown of the auction. ($199,404)
2/11 Auction No. 12 held with 19 Banks biding for a total of $0.00 (the lowest bid was $167.00). Total amount sold was $199,440,097.83. Click on date to see the detailed breakdown of the auction. ($199,440)
Note.: the above figures are in thousands of U$D. Retail DAS commenced on October 2, 2013.

Exchange Rates (NGN)
¥JPY2.6929Down
WAUA422.3784Up
$USD306.7Up
CHF303.9643Up
SOUTH AFRICAN RAND21.3539Down
SDR423.062Up
SAR81.7431Down
As at November 14, 2018
See More


Facts : 1/1/1900
London Club of Creditors:These are mainly uninsured and unguaranteed debts extended by commercial banks to nationals of debtor nations. Members of the club are commercial banks mainly in industrialized countries. The first London club meeting was held in 1976 to discuss re-payment and conclude re-structuring agreements.
See All: Facts | Events