Finance Minister, Kemi Adeosun resigns (REASONS)

Clay Curtis
September 16, 2018

Embattled former Minister of Finance, Kemi Adeosun on Friday explained why she resigned her position in President Muhammadu Buhari's cabinet after mounting pressure.

Mrs Adeosun, finance minister since November 2015, stepped down from office on Friday after owning up to parading a forged youth service scheme certificate.

In her resignation letter obtained by TNG, the former minister noted that she was shocked by the outcome of the investigation done on the allegation that her NYSC certificate which she had earlier tendered as Commissioner for Finance in Ogun State was not genuine.

She courted controversy again when she suspended and subsequently fired Mr Munir Gwarzo as the Director-General of the Nigerian Securities and Exchange Commission with Gwarzo challenging her powers to suspend him.

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The dual Nigerian and British national did not initially comment on the claims, leading to criticism from her opponents.

Until today, Adeosun kept quiet until she was faced with a report that concurred with the publication and declared the certificate fake. During her ministerial screening, Bashir had tweeted, "Zainab Shamsuna Ahmed is very intelligent, I like all the answers she has given so far".

"The PDP therefore demands an immediate open inquest into the records of the Finance Ministry under Mrs. Adeosun, to unravel all improprieties by the Buhari Presidency cabal, including alleged diversion of oil proceeds, fraudulent oil subsidy deals, leading to high fuel price; depletion of our foreign reserves, embezzling of funds retuned by Switzerland and other huge sleazes in the ministry". Her flagship policy was a bid to improve tax collection and shore up the country's finances by cracking down on mismanagement by government agencies.

The government's handling of the economy is likely to be a campaign issue in February's presidential election in which Buhari plans to seek a second term.

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