Yewande Sadiku

Yetunde Sadiku (born July 27, 1972) is a Nigerian investment banker. She was the Executive Secretary and CEO of the Nigerian Investment Promotion Commission from September 2016 to September 2021.[1][2]

Education

In 1992, Yetunde graduated from University of Benin with a Bachelor of Science degree in Industrial Chemistry. She went on to get a Master of Business Administration degree from the University of Warwick in 1995.[3]

Career

In 1994, she moved from International Bank Limited (now Citibank Nigeria) to Investment Banking & Trust Company Limited (later to be known as Stanbic IBTC Bank) where she became Chief Executive of Stanbic IBTC Capital in November 2012.[4]

She was appointed as Executive Secretary and chief executive officer of the Nigerian Investment Promotion Commission (NIPC), in September 2016 by President Muhammadu Buhari.[5]

Under Yetunde, the NIPC ranked from 90th to 2nd in the Freedom of Information (FOI) Rankings for compliance and transparency.[6] NIPC's internally generated revenue also went from N296 million in 2016 to N3.06 billion in 2020 of which over 50% of this revenue was remitted to the Consolidated Revenue Fund.[7][8]

Allegations

In August 2021, The Economic and Financial Crimes Commission investigated Yetunde for alleged abuse of office, contract fraud and allowances unaccounted for.[9][10] No charges have been pressed against her yet and the act has been criticized by groups as an harassment from the EFCC.[11][12]

References
  1. Adesanya, Adedapo (2021-09-09). "Sadiku Hails NIPC Performance, Transparency in Five Years | Business Post Nigeria". Retrieved 2021-09-26.
  2. "Yewande Sadiku completes 5-year tenure as Executive Secretary/CEO of NIPC". Nairametrics. 2021-09-26. Retrieved 2021-09-26.
  3. "SPECIAL REPORT: A Nigerian official reforming NIPC and her many battles". 2021-08-26. Retrieved 2021-09-26.
  4. "Meet Yewande Sadiku, Nigeria's chief investment promoter". Nairametrics. 2021-08-29. Retrieved 2021-09-26.
  5. "Civil Society Organisation backs Yewande Sadiku of NIPC as 'Integrity Champion'". Vanguard News. 2020-08-14. Retrieved 2021-09-26.
  6. "Nigeria's investment under pressure ― NIPC boss". Vanguard News. 2020-10-09. Retrieved 2021-09-26.
  7. "CSOs back Yewande Sadiku, reject harassment of 'honest public servants'". 2021-08-28. Retrieved 2021-09-26.
  8. "INTERVIEW: How we are killing secrecy at NIPC -- Yewande Sadiku". 2021-09-06. Retrieved 2021-09-26.
  9. Odunsi, Wale (2021-08-09). "EFCC grills Yewande Sadiku, Investment Promotion chief over fraud allegations". Daily Post Nigeria. Retrieved 2021-09-26.
  10. "BREAKING: Nigerian Investment Council's Boss, Sadiku Arrested, Detained Over Fraud". Sahara Reporters. 2021-08-09. Retrieved 2021-09-26.
  11. "#FixPolitics condemns attacks on NIPC boss". Punch Newspapers. 2021-08-13. Retrieved 2021-09-26.
  12. "Alleged Corruption: NIPC management reacts to EFCC's probe of CEO". 2021-08-10. Retrieved 2021-09-26.
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