Who is chika obi

Finance - calculation of simple or compound interest, buying and selling and other day to day activities like walking the road even employ mathematics. Obi was lecturer, and later Senior Lecturer at the University of Ibadan till ; Associate Professor of Mathematics , and Professor of Mathematics from to at the University of Lagos. He was made emeritus professor following his retirement from the University of Lagos.

He is also a Gold Medalist of the University of Lagos. Shortly after retirement, he founded the Onitsha-based scientific institute. Obi's excellence in mathematics is matched only by a "fanatical" patriotism. Such passion and devotion to fatherland and humanity led him on the war path with the government which accused him in of distributing a seditious pamphlet titled The people: Facts that you must know. For this he was convicted.

Justice Clement De Lestang gave the verdict that "in all the circumstances of the case therefore, and having regard in particular to the position of the accused in the community and the fact that he enjoys an unblemished character, I have come to the conclusion that a fine will be the appropriate punishment in this case. Perhaps in reference to this experience and belief in his innocence, one of Obi's favourite quotations is: "The belief that there is only one truth and that oneself is in possession of it seems to me the deepest root of all that is evil in the world.

In the course of his political odyssey, the great mathematician said one of his major goals is "to bring about a scientific technological revolution in Nigeria". He has numerous scientific publications on non-linear differential equations in national and international journals. Again, not a school for the privileged. From there, I went to University of Lagos. So, it was at best, a middle-class background. There are things you learn and it becomes part of you, and when a situation arises, you react automatically to them.

Every experience, except you are a robot, leaves a mark on you. So, you are a product of your experiences and capacity. Yes, my background has an impact on how I see things. I care very much about people at the lower rung of the social stratum because it could have been me. During the war, I was farming. I used to go fishing at night.

It was very scary. I know how the underprivileged live. So, my experience may have impacted the way I think. I believe that anything one does, especially public policy, that does not create room for the underprivileged, is not going to stand.

My father and I never had any detailed political conversations. He was a remote kind of person. He was an authority figure. By the time I left home, we were not that close in terms of having those kinds of discussions. When he became a lecturer at the University of Ilorin, my older brother, Balogun and my father got very close and exchanged a lot of philosophical ideas.

I was in the US at that time. So, I want to believe that a lot must have been transferred to my brother. A lot of noise is made about it because he solved it. It was a differential equation, one of those specialised branches of mathematics. But I think if you could ask him today, he would say he was passionate about how to use politics to improve the lives of the common man.

The short answer is that my father liked those names. He liked Balogun, because my father was a student of Yoruba history. He believed that the Yoruba are the most organized among the ethnic groups in the south because of their war-like capabilities. There was a time the Fulani wanted to conquer Yorubaland but they were stopped in Osogbo by the Yoruba army.

Balogun was a war chief in the Yorubaland and that was why he named my brother Balogun. He liked the name. He named me Mustafa for almost the same reason. Mustafa took Turkey from the primitive age to the modern age, and as a result, the country went from a Muslim State to a modern secular State.

My father liked the way he helped the Turkish nationalists against the imperialists. So, for almost the same reasons, he named me Mustafa and my elder brother, Balogun. I think when I got to UNILAG I was having so much fun, and they just introduced the quarter system, where some of our grades are done at every quarter instead of one exam at the end of the year.

In my first year, I had a very bad result because I was having so much fun. When I got those grades, I remember that my father was extremely upset with me. My older brother, Balogun was very brilliant and disciplined. He always had straight As all the time. He never had any grade less than A in his entire life. Those bailed out were the depositors and the staff. The depositors got all of their money back, and most of the staff were retained.

The shareholders lost, in many cases, over 90 percent of their investment, and so they were not bailed out. They were left with a nominal amount. Under Chike-Obi, banks were fully capitalised up to regulatory standards, and AMCON has ensured that the processes of doing all of these were at the minimum possible cost.

That requires maximising recoveries, minimising expenses and maximising disposal of assets acquired. AMCON has restructured over 50 per cent of NPLs it got in terms of value, with the implied recovery rate of the restructured loans at over per cent.

Even though we had a mandate to recapitalise institutions, we never expected recapitalising to per cent. We thought that we would recover 20 per cent of our investment in those banks, but we ended up recovering close to 30 per cent, so we did better than we expected. Exceeding expectations remains one of the strengths of Chike-Obi.

This financial advisory firm provides a range of first-in-class service offerings to support clients in achieving their desired objectives, as executive chairman. That was in Unbeknownst to him, he would be tapped to join Fidelity Bank to help it achieve its set objectives.

Patrick Modilim, a senior partner at Patrick Modilim and Co, a financial, business and management consulting services provider, described Chike-Obi as a good choice for the job. Anybody that can do that successfully is a very good hand. So I expect him to replicate that kind of ingenuity in heading the board of Fidelity Bank.