High Chief Samuel Oni
High Chief Samuel OniHigh Chief Samuel Oni trained as a Chartered Accountant and rose to the position of a Chief Accountant/ Company Secretary in the services of Kwara State Government before he transferred his services to the Central Bank of Nigeria (CBN) in October 1993 as an Assistant Director.
On joining the CBN, he was posted to the then Bank Examination Department ( now Banking Supervision ) in 1995, having completed several on the job training and induction programs in Trade and Exchange, Internal Audit, Foreign Operations, Banking Operations and Finance & Accounts Departments between 1993 and 1995.
He was exposed to banking supervision courses both within and outside the Country which adequately prepared him for the on~ site examinations of both commercial and merchant banks that were under the supervisory purview of the CBN. As a commissioned Examiner, he successfully led many teams of examiners to various banks for routine, maiden and special examinations and his reports received several commendations by his superior bosses.
In recognition of his hard Work and diligence, he earned a promotion to the position of a Deputy Director in 1998 and six years later, precisely in April 2004, he was appointed the Director of Bank Examination Department. He was redeployed to Other Financial Institutions Department in 2005 when the then Bank Examination Department was merged with the then Banking Supervision Department. Again in 2007 he was posted to the Internal Audit Department which was then replete of internal wrangling amongst the staff and was able to reorganize the job processes and a new functional structure for the Department within six months upon his assumption.
In July 2009, the then CBN Governor, Mallam Sanusi Lamido Sanusi,in exercising his power under the CBN Act & Banks and Other Financial Institutions Act appointed him as the Director of Banking Supervision of the Central Bank of Nigeria. He played a prominent role in the joint CBN and NDIC special audits carried out in all the Nigerian banks which eventually led to the CBN intervention in eight banks and the eventual restoration of confidence and stability in the financial system. He was also a member of the Committee set up by the CBN to midwife the establishment of Asset Management Corporation of Nigeria (Al\/ICON) as an institution to buy non performing loans of banks and a recapitalization vehicle for the eight distressed banks. For his role in the intervention process he received a special commendation from the Board of the Central Bank of Nigeria.
In line with the Federal Government eight year Policy tenure for all Directors in Government Ministries, Agencies and Parastatals, High Chief Samuel Oni voluntarily retired from the services of the CBN in June 2012.
High Chief Samuel Oni was born in July, 1954 in Egosi Ile, Oke Ero LGA of Kwara State and holds a Masters Degree in Business Administration from University of Ilorin. He is a Fellow of the Association of Certified and Chartered Accountants, London and a Member of the Institute of Chartered Accountants of Nigeria. He is happily married with children.