Former CBN Deputy Governor, Obadiah Mailafia is dead


Dr Obadiah Mailafia, a former Deputy Governor of the Central Bank of Nigeria has died after a brief illness at 64 years.

Mailafia died at midnight in a medical facility in Abuja on Sunday.

Dr Obadiah contested as the Presidential candidate of the African Democratic Congress in the 2019 election and had claimed there was an attack on his life due to his stance as a known government critic and advocate for public sector and exchange rate reforms.

Mailafia was born on December 24, 1956, in the Sanga Local Government Area of Kaduna State. He graduated top of his class at Ahmadu Bello University, Zaria, in 1978. He also had an M.Sc. from the same institution.

Dr. Obadiah won a French Government Scholarship to France and he earned a Certificate in French Language and Civilization from the University of Clermont-Ferrand in 1985.

From 2005 to 2007, he served as Deputy Governor of the Central Bank of Nigeria (CBN). In this capacity, he served as a member of the board of directors of the bank and was principally responsible for managing monetary policy, economic policy, research and statistics and liaison with regional and international bodies, including the IMF and the World Bank.

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He was a principal actor in the banking consolidation exercise of 2005–2006 that led to the reform of the Nigerian banking sector.