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HomeNewsHe Didn't Issue Oil Block, Bank Licence To Himself, Peter Obi Praises...

He Didn’t Issue Oil Block, Bank Licence To Himself, Peter Obi Praises IBB’s Late Minister Chu Okongwu

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8:07 PM · Mar 4, 2025

After my engagements in London, yesterday, I arrived in Abuja today to pay my tributes to the memory of a man I regard as one of Nigeria’s best minds, the Late Dunu Chu Okongwu who served our dear nation as the Minister of National Planning, Minister of Finance and Minister of Petroleum and Mineral Resources, all under the then Head of States, Gen Ibrahim Babangida.

Chu Okongwu’s service to the nation was reflective of his devotion and commitment to the progress of the nation. He was a man of integrity who not only served the nation faithfully but worked tirelessly for our national development.

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He lived an exemplary life of modesty and demonstrated the level of self-control obviously lacking in our political leadership today.

Not minding the enviable positions he held, in the country, he only had 2 houses; one in Enugu and one in his home village.

Okongwu was one of the few Nigerians in public service who rejected the seductions of self-aggrandizement and looting of the public treasury.

As the then Minister of Finance, he was one of those who advised Gen Babangida on the licensing of new banks. But he neither issued a license to himself nor did he use his position to influence those given the banking licenses into giving him part ownership.

Even as the Petroleum Minister, he did not allocate an oil block or oil import license to himself, as would be the case today.

If he had used his position of service to enrich himself rather than work for the nation, he would have been celebrated, and his funeral would have been glamorised by dignitaries because we are in a nation that still celebrates criminals and criminals.

He committed his knowledge, skills and passion to the service of the nation, and I have come to bid him farewell. I do hope that we, the leaders, will learn from his good legacies.

May God grant him eternal rest and console his family, and every one of us. -PO

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