President Buhari accepts resignation of Finance Minister, Kemi Adeosun

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Kemi Adeosun : court rules on her NYSC controversy

Mrs Kemi Adeosun, Nigeria’s Minister of Finance

President Muhammadu Buhari on Friday accepted the resignation of the Minister of Finance, Mrs Kemi Adeosun.

This information is contained in a statement issued by Mr Femi Adesina, the President’s Special Adviser on Media and Publicity, in Abuja on Friday.

The President thanked the Minister for her services to the nation and wished her well in her future pursuits.

The President also approved that the Minister of State Budget and National Planning, Mrs Zainab Ahmed, should oversee the Ministry of Finance with effect from today.

Adeosun was appointed Nigeria’s Minister of Finance by President Muhammadu Buhari in Nov. 2015.

Before her appointment as finance minister, she worked as Accounting assistant at British Telecom Company, London, from 1989 – 1990 and Senior audit officer at Goodman Jones, London, from 1990- 1993.
She was also Manager, Internal Audit at London Underground Limited, London, 1994 – 1995 and Manager Internal Audit, Prism Consulting from 1996 – 2000.

She worked as Senior Manager at the Price Waterhouse Coopers, London, from 2000- 2002, joined Chapel Hill Denham Management as a financial controller in 2002 and left the organisation as Managing Director in 2010.

Adeosun, who is also a member of the Institutes of Chartered Accountants, England and Wales, as well as Nigeria, was appointed the Commissioner of Finance in Ogun from 2011 – 2015.

She holds a Bachelor of Science degree in Economics from the University of East London and a Postgraduate Diploma in Public Financial Management from the University of London.

Adeosun is involved in NYSC certificate tussle in which a Federal High Court, Abuja has fixed Oct. 8 to hear a suit.

Below is the full text of Mrs Adeosun’s resignation letter.

14th September, 2018

His Excellency

Muhammadu Buhari

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President, Federal Republic of Nigeria

State House

Aso Villa

Abuja

Dear Excellency,

Let me commence by thanking you profusely for the honour and privilege of serving under your inspirational leadership. It has been a truly rewarding experience to learn from you and to observe at close quarters your integrity and sense of duty.

I have, today, become privy to the findings of the investigation into the allegation made in an online medium that the Certificate of Exemption from National Youth Service Corp (NYSC) that I had presented was not genuine. This has come as a shock to me and I believe that in line with this administration’s focus on integrity, I must do the honourable thing and resign.

Your Excellency, kindly permit me to outline some of the background to this matter. I was born and raised in the United Kingdom, indeed my parental family home remains in London. My visits to Nigeria up until the age of thirty-four (34) were holidays, with visas obtained in my UK passport. I obtained my first Nigerian passport at the age of thirty-four (34) and when I relocated there was debate as to whether NYSC Law applied to me. Upon enquiry as to my status relating to NYSC, I was informed that due to my residency history and having exceeded the age of thirty (30), I was exempted from the requirement to serve. Until recent events, that remained my understanding.

On the basis of that advice and with the guidance and assistance of those, I thought were trusted associates, NYSC were approached for documentary proof of status. I then received the certificate in question. Having never worked in NYSC, visited the premises, been privy to nor familiar with their operations, I had no reason to suspect that the certificate was anything but genuine. Indeed, I presented that certificate at the 2011 Ogun State House of Assembly and in 2015 for Directorate of State Services (DSS) Clearance as well as to the National Assembly for screening. Be that as it may, as someone totally committed to a culture of probity and accountability I have decided to resign with effect from Friday, 14th September, 2018.

Your Excellency, It has been an exceptional privilege to have served our nation under your leadership and to have played a role in steering our economy at a very challenging time. I am proud that Nigeria has brought discipline into its finances, has identified and is pursuing a path to long term sustainable growth that will unlock the potential in this great economy. Under your leadership, Nigeria was able to exit recession and has now started to lay the foundations for lasting growth and wealth creation. Repositioning this huge economy is not a short term task and there are no short cuts, indeed there are tough decisions still to be made but I have no doubt that your focus on infrastructural investment, revenue mobilisation and value for money in public expenditure will deliver growth, wealth and opportunity for all Nigerians.

I thank His Excellency, the Vice President and my colleagues in the Federal Executive Council for the huge pleasure and honour of working with them. I also thank most specially, the team in the ‘Finance Family’ of advisers and heads of agencies under the Ministry of Finance. Your Excellency, this group of committed Nigerians represent a range of backgrounds, ethnicities and ages. They have worked well above and beyond the call of duty to support me in the tasks assigned. The diversity in my team and their ability to work cohesively to deliver reforms, convinces me that Nigeria has the human capital required to succeed.

Your Excellency, let me conclude by commending your patience and support, during the long search for the truth in this matter. I thank you again for giving me the honour of serving under your leadership, it is a rare privilege, which I do not take for granted. As a Nigerian and committed progressive, I appreciate you for your dogged commitment to improving this nation.

Please be assured, as always, of my highest regards and best wishes

Kemi Adeosun (Mrs)