Mohgalu, The Hope For 2019?

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Who Is Moghalu?


Kingsley Chiedu Moghalu is a Nigerian political economist, lawyer, former United Nations official, and Professor in International Business and Public Policy from The Fletcher School of Law and Diplomacy at Tufts University. Kingsley is the Founder of Sogato Strategies LLC, and a Senior Adviser of the Official Monetary and Financial Institutions Forum (OMFIF). Mogalu worked with Central Banking Journal as Contributory Editor. In 2016, Moghalu founded the Institute for Governance and Economic Transformation (IGET)

Early Life

Professor Kingsley Bosah Chiedu Ayodele Moghalu was born on the 7th May, 1963 (55 years) in Lagos State, Nigeria. He is the first of five children. His late father, Isaac Chukwudum Moghalu, was a Nigerian Foreign Service Officer, one of a small group of promising young Nigerians inducted into the Ministry of Foreign and Commonwealth Affairs after Nigeria’s independence in 1960. His mother, Lady Vidah Chinelo Moghalu, was a schoolteacher at the Breadfruit School on Lagos Island who later became a professional dietician. Shortly after his birth, his father was posted to Geneva, Switzerland.

The Moghalu family spent a year in Switzerland and then moved to Washington, DC in 1964 when Isaac Moghalu was posted to the Nigerian Embassy there. In 1967, the family returned to Nigeria and Isaac Moghalu transferred to the Eastern Region Civil Service as the Nigerian political crisis skyrocketed into a full-scale war. Isaac Moghalu joined the Cabinet Office of the Eastern Region, and later the Ministry of Foreign Affairs of Biafra. The family remained in Eastern Nigeria after the civil war ended in 1970 and Prof. Moghalu’s father later rose to become a Permanent Secretary with a strong reputation for probity. This background influenced Chiedu Moghalu’s strong value system — a sense of family honor and a family tradition of public service.

Needless to say, Prof. Moghalu was brought up in a family that thought core values of hardwork, discipline, morals and these were stringently imbibed in him.

Education

In the late 1970s and early 1980s, Kingsley was enrolled in the prestigious and renown Federal Government College Enugu, popularly known as Fedi. He obtained an LL.B. (Honours) degree in law at the University of Nigeria, Nsukka (UNN) in 1986, and the B.L. (Barrister at Law) from the Nigerian Law School, Lagos. After working as a corporate and media attorney in Lagos, and as a Special Correspondent for several international newspapers and magazines including The Christian Science Monitor, South, and Africa News Service, he left Nigeria in 1991 for graduate studies in the United States. Moghalu went on to obtain an M.A. degree at The Fletcher School of Law and Diplomacy at Tufts University, where he was the Joan Gillespie Fellow and Research Assistant in the International Political Economy (IPE) Program, in 1992. Moghalu later obtained a Doctor of Philosophy (Ph.D.) in International Relations at the London School of Economics and Political Science (LSE) at the University of London, UK, and the International Certificate in Risk Management from the Institute of Risk Management (IRM) in London. He is also an alumnus of advanced executive education programs in macroeconomics and financial sector management, corporate governance, and global strategic leadership at the International Monetary Fund Institute, Harvard University’s Kennedy School of Government, Harvard Business School, and the Wharton School at the University of Pennsylvania.

Career

Moghalu served as Deputy Governor of the Central Bank of Nigeria (CBN) from 2009 to 2014. As Deputy Governor for Financial Stability he led the implementation of far-reaching reforms in Nigeria’s banking sector. He is an interdisciplinary scholar and public intellectual & the author of several books, including: “Bretton Woods: The Next 70 Years (co-author)(New York: Reinventing Bretton Woods Committee, 2015); Emerging Africa: How the Global Economy’s ‘Last’ Frontier Can Prosper and Matter (London: Penguin Books, 2014), Global Justice (Stanford University Press, 2008), Rwanda’s Genocide (New York: Palgrave Macmillan, 2005), and numerous articles on law, banking regulation, economic development, political economy and public policy. Mogalu’s publications have appeared in journals and newspapers such as the Financial Times, Central Banking Journal, Journal of Banking and Finance, The Fletcher Forum of World Affairs, The Washington Post, USA Today, and the International Herald Tribune.

Being such an elite, Prof Mohgalu is a frequent and sought-after speaker at global forums. In 2014, he gave the Thomas Hodgkin lecture at the renowned Oxford University in London and has been a keynote speaker and panelist at the Federal Reserve Bank of the United States, the South African Reserve Bank, Wharton School of the University of Pennsylvania, Official Monetary and Financial Institutions Forum (OMFIF), the Brookings Institution in Washington, D.C., Institute of International Finance (IIF), the National Asset-Liability Management Conference Europe, the Africa CEO Forum, Commerzbank, the Institute for Business in the Global Context at The Fletcher School at Tufts University, and the World Affairs Councils of Washington D.C. and Philadelphia. He has been interviewed and featured on CNN, BBC World News’ HARDtalk, Financial Times, The New York Times and other global media.

He has had a long working history with the United Nations, starting with being a UN Human Rights & elections officer with the United Nations transitional authority in Cambodia (UNTAC), thereafter being appointed political affairs officer in the Department of Peacekeeping Operations at the UN Headquarters in New York. From 1996 to 1997, he served in the former Yugoslavia as political advisor to the special representative of the UN Secretary-General in Croatia. Kingsley was then assigned as legal adviser to the United Nations International Criminal Tribunal for Rwanda in Arusha, Tanzania in 1997 and later promoted to the role of the international tribunal’s spokesman. As special counsel and spokesman he was responsible for policy development, strategic planning and external relations. Moghalu was one of the notable personalities of the two international war crimes tribunals established by the United Nations Security Council, with a staff strength of 1000 men and women from 90 countries. The UNICTR delivered the first-ever judgement by an international court on genocide.

In 2002, Moghalu was appointed to the World Health Organization in Geneva, Switzerland as Head of Global Partnerships and Resource Mobilization at The Global Fund to Fight AIDS, Tuberculosis and Malaria (GFATM), a public-private international development finance organization and social investment fund with $20 billion in assets and investments in 140 developing and middle income countries. He was a member of the Global Fund’s Senior Management Group that set corporate strategy, and a member of the Fund’s Risk Management Committee, and was promoted to the rank of Director in 2006.

In 2006, United Nations Secretary-General Kofi Annan appointed Moghalu a member of the high-level Redesign Panel on the United Nations Internal Justice System, the establishment of which was requested by a resolution of the United Nations General Assembly. The five-member Redesign Panel comprised Mary Gaudron, a former Australian supreme court judge, Louis Otis, a Canadian appeals court judge, Ahmed El-Kosheri, an Egyptian law professor and former Judge Ad Hoc of the International Court of Justice, Diego Garcia Sayan,a former Minister of Foreign Affairs of Peru, and Moghalu. Working at the UN Headquarters in New York for six months in the first half of 2006, the Redesign Panel reviewed and completely overhauled the accountability, transparency and dispute resolution framework that governs the global workforce of the United Nations as part of wide-ranging management reforms in the organization. This special assignment was at the nominal rank of Under-Secretary-General.

Moghalu resigned from the United Nations System in December 2008 & then founded Sogato Strategies S.A. (Societe Anonyme), a global strategy and risk consultancy, in Geneva. The former president of the Federal Republic of Nigeria, Umaru Yar’Adua (2007–2010) appointed Moghalu, Deputy Governor of the Central Bank of Nigeria in November 2009 following his confirmation by the Nigerian Senate. Moghalu has also served as a member of the board of directors of Opportunities Industrialization Centers International (OICI) in Philadelphia, a non-profit global entrepreneurship development organization founded by the late U.S. civil rights leader Reverend Leon Sullivan.

Why Is He Important?


Well, In February 2018, Moghalu declared his interest to run for the Presidency of Nigeria, under the platform of the Young Progressive Party (YPP). He says, that the nation, Nigerian has been faced with the wrong leaders & the citizens should be careful of who they pick, come 2019. He further explained that what the country needs is a leader who understands the problems of the country & how to solve them. He also made it categorically clear, that for this reason, someone who is well educated with a certificate of proof is needed.

We know full well, that Prof Mohgalu is an adequate canaditate, as his track history makes that clear. While explaining his idea of restructuring the country, which he said has to be a comprehensive process that requires more than his political opponents have been willing to talk about, He said, “Let me tell you one thing about restructuring, there is the 419 version of restructuring whereby people believe that tinkering with a few things, devolving some powers, is restructuring.
“If you go and establish state Police and do nothing else in this country, you’ve not restructured Nigeria. Some people actually equate restructuring with state Police and this is so erroneous.
“Devolution of powers can happen in a system that’s not a federation. Don’t confuse devolution of powers with federalism. The two are not the same. Devolution is part of federalism but, in and of itself, is not necessarily federalism. That’s a very important distinction.
“This is why it’s good to have a president that went to school and has a certificate. I understand the concept and I have the practical experience; it’s not just theory.
“Nigerians should begin to elect leaders who are intellectually-equipped to solve Nigeria’s problems.”
Moghalu clarifies stand on restructuring
With restructuring being a very important issue ahead of the 2019 presidential election, Moghalu believes Nigeria’s unitary state should be restructured to create more independence for sub-national units.
According to his version of restructuring, the six geo-political zones should be restructured into geo-economic zones, a system that will enable regions control their resources and pay some tax to the Federal Government.
He said, “Nigeria should be returned to being a proper constitutional federation which it was before the military intervened in 1966. Ever since then, Nigeria has become a unitary state where most of the powers are vested in the Federal Government and the sub-national units are just holding out hands to receive.
“We must return to a constitution that creates a proper federation and that federation, in my vision, should be based on the six geo-political zones, not on states. The reason is that the main benefit of restructuring is economic; it is actually to release the productive potential of the Nigerian economy and the human capitals, the skills in its citizens, can now begin to actually produce economic value instead of the laziness that the oil economy of today creates in everybody.
“We must create a new economy that restructures Nigeria on the basis of six geo-political zones. Any restructuring of Nigeria means that we must return to resource control where the regions control their resources and pay some tax to the Federal Government. I propose 40% at most, or maybe 30%.
“It’s not like what we have today that all the oil reserve is owned by the Federal Government. That is a complete misnomer in a federal system because a federal system means there’s a central government and there are subnational units but none of the two is superior to the other. There’s just a division of powers. We’re not running a federation, Nigeria is just running a command-and-control unitary state in essence.”
Highlighting further the main components of his idea of restructuring the country, Moghalu said religion must also be fully separated from the affairs of state to avoid conflict.
He also said local government areas should not be a constitutional tier of governance but an option that should be decided by each region who he said can also have their own regional constitutions as long as they don’t conflict with the central Nigerian constitution.
He said, “I’ve talked about the need to base restructuring on geo-political zones which will now be geo-economic zones; to restore resource control; then, any new restructuring of the country must separate religion from the state. This has become a major source of conflict in this country where you have religions trying to be dominant in government and people of other religious faiths feel discriminated against and begin to agitate.
“Local government areas cannot be a constitutional tier of governance in a real federation. There should be central government and there should be regional governments. The regional governments should create local governments and manage them and provinces. It’s their decision.
“Each of the six regions should have their own regional constitutions so long as there is nothing inconsistent between that and the central Nigerian constitution. There’s nothing wrong with it, they’re just organising themselves according to their local peculiarities.”
Restructuring will be completed in 18 months – Moghalu
Moghalu said his process of restructuring the country would take 18 months to complete with the full involvement of the National Assembly and the Nigerian people.
“When I become president in May, within 18 months, we would have completed the constitutional restructuring by the National Assembly and the State Assemblies.
“We, as the executive, we go to them with an executive bill of how we think the country should look and we’ll discuss it and the legislature will go to work.
“We will go directly to the Nigerian people and open up a debate on restructuring so that we can know what people want and reflect that in whatever the legislature does,” he said.
2019 presidential election
The 2019 presidential election, scheduled for February 16, 2019, is billed to be closely-fought between President Muhammadu Buhari of the All Progressives Congress (APC) and former Vice President, Atiku Abubakar, of the People’s Democratic Party (PDP).
Alongside Moghalu in the chasing pack is Donald Duke of the Social Democratic Party (SDP), Oby Ezekwesili of the Allied Congress Party of Nigeria (ACPN), Fela Durotoye of the Alliance for New Nigeria (ANN), and Omoyele Sowore of the African Action Congress (AAC).
Others are Tope Fasua of the Abundance Nigeria Renewal Party (ANRP), Eunice Atuejide of the National Interest Party (NIP), Adesina Fagbenro-Byron of the Kowa Party (KP), Chike Ukaegbu of the Advanced Allied Party (AAP), Hamza Al-Mustapha of the People’s Party of Nigeria (PPN), Obadiah Mailafia of the African Democratic Congress (ADC), and many more.
79 candidates will be contesting in the 2019 elections, the highest in record, in Nigeria’s electoral history.

Is He The Hope For 2019?


looking at Prof. Chinedu Kingsley Bosah Ayodele Moghalu’s track record, we can confidently say that he is qualified to run for the seat of the presidency. With his Years of experience & level of education in Economics, law, politics, Financial analysis, public speaking etc., we can say that he’s well equipped for the task ahead. The questions now are, Are Nigerian citizens aware of what they NEED? Will they be willing to give Mohgalu a chance & work with his administration? Is Mohgalu’s team as willing & ready as he is?
All fingers are crossed, as to the answers to these questions. So far so good, he stands a huge chance at winning the ELECTION come 2019.

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