EX-CBN DEPUTY GOVERNOR JOINS OGUN STATE GUBER RACE

Former CBN Deputy Governor, Tunde Lemo has joined the Ogun governorship race. And this is authoritative. Lately Lemo who has no history of any involvement in Politics, wants to be the next Governor. But he has not declared yet. He is still consulting widely. He is looking at teaming up with any of the existing parties in Ogun State. Lately he has been seen in the company of Labour Party leaders. Two weekends back, he accompanied Otunba Gbenga Daniel to the City People Political Excellence Awards. Whether he has agreed to work with Labour or not remains unclear.

One of the things he has going for him his is intimidating profile. Tunde Lemo is a fellow of the Institute of Chartered Accountant of Nigeria as well as fellow of the Chartered Institute of Bankers with significant leadership and top management experience in both the public and private sectors spanning over 26 years. He holds a Bachelor of Science degree in Accountancy (first class division) from the University of Nigeria, Nsukka in 1984 where he won seven academic laurels, including the Best overall graduating student in the Faculty.

He attended Advanced Management Programme (AMP) at the Wharton College, University of Pennsylvania, Philadelphia, U.S.A in 2002 as well as executive training programmes in world class institutions including Harvard University, INSEAD, Fontainbleau, France, Brandies University, Boston etc. Until recently, he served as Deputy Governor in charge of Operations, Central Bank of Nigeria, in which role he is driving the industry-wide shared services initiative towards achieving efficient banking services with 30% cost savings for the Nigerian banking industry and greater penetration of banking services. He equally provides strategic direction and supervises five departments of the Central Bank of Nigeria including Reserve Management, Banking and Payments System, Currency Operations, Branch Operations and Information Technology departments.

Prior to this, he was Deputy Governor, Financial Systems Surveillance. He is an experienced and versatile public officer and financial manager. His contributions to public policy include the implementation of the Banking Sector Consolidation, formulation and implementation of the Microfinance Policy and Supervisory Framework both under the supervision of the Governor. He also led the restructuring of Abuja Security and Commodities Exchange and Nigeria Export Import Bank (NEXIM), as the Chairman of both institutions. As Vice Chairman Technical Committee for the establishment of Africa Finance Corporation (AFC), he participated actively in the establishment of the Pan-African investment institution where he still serves as a Director.

Prior to his appointment as Deputy Governor, he had led the transformation of Wema Bank Plc as MD/CEO between 2000 and 2003 resulting in the bank’s superlative performance which made it rank as one of the top ten most profitable commercial banks in Nigeria in 2003. His major strengths are his passion for excellence, ability to transform challenges into opportunities, integrity and exceptional people-management and problem solving skills. This is complemented with strong inter-personal and negotiation skills as well as sound analytical and financial management capabilities. He leverages his diverse exposure and works effectively with people of different background in the private and public sectors. He is excited by the opportunities to formulate policies that will raise people’s standard of living and regularly render volunteered and community development services through Tunde Lemo Foundation.

As to whether OGD and Ogun PDP chieftain, Buruji Kashamu can work together, a reliable source told this magazine that the Central Working Committee (CWC) of the party is working towards realising this. As a result, Senate President, David Mark has been mandated to meet with the 2 political godfathers with a view to resolving all unresolved matters. This is because both OGD and Kashamu, City People gathered, are disposed to a Lemo governorship and have resolved to support the ex-banker in their various capacities, to emerge the PDP flagbearer in the state.

Political watchers feel a Tunde Lemo candidacy may not be difficult to sell to the electorates if OGD and Buruji come together as one. The thinking in many quarters is that Lemo has a deep pocket and can conveniently foot his political bills. They also opined that it is only when that happens that Governor Amosun of the rival APC can be defeated at the 2015 polls.
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