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Philip Ikeazor

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Deputy Governor
Philip Chukwuemeka Ikeazor
Born (1957-09-26) September 26, 1957 (age 66)
CitizenshipNigerian
Alma materUniversity of Buckingham
Occupation(s)Central Banker, accountant
Years active
  • 2023-date (Central Bank of Nigeria)
  • 2013-2017 (Keystone Bank)
EmployerCentral Bank of Nigeria
Known forDeputy Governor at the Central Bank of Nigeria

Philip C. Ikeazor is a Nigerian banker and accountant. Since 2023 he has been the Deputy Governor for Financial System Stability at the Central Bank of Nigeria (CBN)[1][2] which is the apex bank, monetary policy authority and regulator of financial services in Nigeria.

He was appointed by President Ahmed Bola Tinubu on 15th September, 2023[3], in line with sections 6-9 of the Central Bank of Nigeria Act (2007), a law of the National Assembly[4]. He was screened and confirmed by the Nigerian Senate on the 26th of September, 2023.[5][6]

Education

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Ikeazor studied for a Bachelors in Economics at the University of Buckingham, United Kingdom where he majored in financial management.[7] He also attended the Wharton Business School Global CEO programme for Executive Education.

Career

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Ikeazor worked for six years as a loan officer for the Nigerian-American Merchant Bank from 1990 to 1996 and was also the pioneer Managing Director of Ecobank Kenya. He served as the director for wholesale banking at the United Bank for Africa[8] and has been a Director on the Board of Greenwich Merchant Limited,[9] Tideway Advisory,[10] Union Bank Nigeria[11], Union Registers, Union Bank UK Plc and UBA Trustees.

Keystone Bank

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In 2013 he became CEO and Managing Director of Keystone Bank Limited.[12][13] During his tenure at Keystone Bank, Ikeazor presided over the divestment of Orient Bank Ltd of Uganda[14][15] and other African subsidiaries of Keystone Bank[16]. Ikeazor's appointment as Managing Director was renewed in 2013 by the Asset Management Corporation of Nigeria(AMCON)[17] which had acquired the bank and had appointed Ikeazor in the first instance to help turn around its fortunes. During his time as Managing Director of Keystone Bank , Ikeazor supported businesses in building digital capacity in Nigeria[18] and worked to prevent road accidents by scaling the knowledge and capacity of drivers on Nigerian roads[19][20]. He also was involved in scaling financial literacy for school children in Nigeria.[21] Ikeazor left Keystone Bank on March 31, 2017 after his tenure lapsed[22].

Deputy governor

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Ikeazor's role at the Central Bank of Nigeria involves supervising and regulating financial service providers in Nigeria, principally the deposit money banks(DMBs), the microfinance banks(MFBs), and other financial institutions.[23]

He focused on regulation and cybersecurity to tackle incidents of fraud, to protect consumers of financial services in Nigeria and to drive compliance.[24][25]

References

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  1. ^ "Meet Philip Ikeazor, a CBN deputy Governor nominee with over 30 years of experience in the financial services industry". NewsWireNGR. 2023-09-16. Retrieved 2023-12-01.
  2. ^ Olatunji, Eniola (2023-09-15). "CBN: Meet the new deputy governors". Businessday NG. Retrieved 2024-06-10.
  3. ^ THEWILL, Aina Ojonugwa (2023-09-28). "BREAKING: New CBN Deputy Governors Assigned Directorates". Retrieved 2024-06-14.
  4. ^ Federal Republic of Nigeria (June 1, 2007). "Central Bank of Nigeria Act, 2007" (PDF). cbn.gov.ng.
  5. ^ Olufemi, Damilola (2023-09-26). "BREAKING: Senate confirms Cardoso CBN gov, four others as deputies". Punch Newspapers. Retrieved 2024-09-07.
  6. ^ Arise News (2023-09-26). Senate Screening: Mr. Philip Ikeazor, Deputy Governor, CBN. Retrieved 2024-09-07 – via YouTube.
  7. ^ Mojeed, Abdulkareem (2023-09-16). "PROFILE: Meet Nigeria's newly nominated CBN governor, deputy governors". Premium Times Nigeria. Retrieved 2023-12-01.
  8. ^ Edet, Hope (2017-03-08). "IKEAZOR, Philip". Biographical Legacy and Research Foundation. Retrieved 2024-09-07.
  9. ^ "Board of Directors – Greenwich Registrars and Data Solutions". greenwichregistrars.com. Retrieved 2024-09-07.
  10. ^ Akintola, Lukmon (May 12, 2018). "Philip Ikeazor Turns Big Fish In Small Pond". independent.ng. Retrieved 2024-09-08.
  11. ^ Egwuatu, Peter (January 2, 2012). "Non-shareholders to participate in Union Bank rights issue – Ikeazor". Vanguardngr.com.
  12. ^ Akintola, Lukmon (April 7, 2018). "Where Is Philip Ikeazor?". Independent.ng. Retrieved 2024-09-07.
  13. ^ "Ikeazor appointed Keystone Bank MD/CEO". Nigeria Business News. 2013-01-31. Retrieved 2024-09-07.
  14. ^ Nairametrics (2015-03-09). "Keystone Bank completes divestment from Ugandan subsidiary". Nairametrics. Retrieved 2024-09-08.
  15. ^ "Nigeria's Keystone Bank to Sell Units in Three African Countries". Bloomberg.com. 2014-07-24. Retrieved 2024-09-08.
  16. ^ The Nation (July 25, 2014). "Keystone Bank to divest from African subsidiaries". thenationonlineng.net.
  17. ^ The Nation (August 12, 2013). "AMCON extends tenure of Bridged Banks CEOs, management". thenationonlineng.net.
  18. ^ "Ikeazor Urges Businesses to Build Digital Capacity – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-09-08.
  19. ^ Nigeria, Guardian (2015-09-15). "Bank tasks drivers on good health". The Guardian Nigeria News - Nigeria and World News. Retrieved 2024-09-08.
  20. ^ "Nigeria accounts for 85% road accident deaths-Keystone CEO". BusinessDay NG, TV, and Podcast. 2013-11-27. Retrieved 2024-09-08.
  21. ^ "Keystone Bank keys into CBN's financial inclusion initiative". Businessday NG. BusinessDay. 2014-03-19. Retrieved 2024-09-08.
  22. ^ "My plans for Keystone Bank – Ag. MD - Daily Trust". Daily Trust. 2017-04-04. Retrieved 2024-09-08.
  23. ^ Nigeria (2024-09-07). "Cardoso Assigns Portfolios to four Deputy Governors". Thisdaylive.com. Retrieved 2024-09-07.
  24. ^ Ariemu, Ogaga (2024-06-28). "CBN mulls policies to tackle cyber Insecurity in Nigerian financial sector". Daily Post Nigeria. Retrieved 2024-09-07.
  25. ^ Akintaro, Samson (2024-06-28). "CBN mulls new regulation to drive compliance by Nigerian fintechs". Nairametrics. Retrieved 2024-09-07.
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