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Dr. Kingsley Bosah Chiedu Moghalu (born 1963 in Lagos, Nigeria) was Deputy Governor of the Central Bank of Nigeria (CBN), from November 2009 until the completion of his five year term of office in November 2014. He was Deputy Governor for Financial Stability,in charge of the prudential regulation of banks and financial institutions, and led the implementation of far-reaching reforms to Nigeria's banking system in the wake of the global financial crisis. He also served as Deputy Governor for Operations, leading the Bank's work as banker to the government, currency operations, the management of Nigeria's external reserves, and payment systems reform. Dr. Moghalu was a member of the Board of Directors, the Monetary Policy Committee, and the Committee of Governors of the CBN, and a member of the Federal Government of Nigeria's Economic Management Team.
Moghalu previously worked for the United Nations for 17 years in strategic planning, legal affairs and executive management roles in New York, Cambodia, Croatia, Tanzania and Switzerland, and subsequently founded and was the Chief Executive Officer of Sogato Strategies S.A.(Societe Anonyme), a global strategy and risk advisory firm with headquarters in Geneva, Switzerland.
He is the author of three books, Emerging Africa: How the Global Economy's 'Last Frontier' Can Prosper and Matter (Penguin Books, 2014), Global Justice (Stanford University Press, 2008) and Rwanda's Genocide (Palgrave Macmillan, 2005), as well as numerous articles on law, development, political economy and public policy in journals and newspapers around the world. His publications have appeared in Central Banking Journal, Journal of Banking and Finance, The Fletcher Forum of World Affairs, Investec Journal, The Washington Post and the International Herald Tribune.
Moghalu was born in 1963 to Isaac Moghalu, a Foreign Service Officer in the Ministry of Foreign Affairs of Nigeria, and Vidah Moghalu, a teacher. His early childhood was spent in Geneva, Switzerland, and Washington DC, USA where his father served on diplomatic postings. The family returned to Nigeria in the late 1960s.
Moghalu studied law at the University of Nigeria, Nsukka, and was admitted as a Solicitor and Advocate of the Supreme Court of Nigeria in 1987, after obtaining a Barrister at Law degree at the Nigerian Law School, Lagos. He worked as a corporate lawyer with Shell Petroleum Development Company (Nigeria) Ltd. and Newswatch Communications Ltd. in Lagos. Moghalu was a special correspondent for the Christian Science Monitor, South, and the Africa News Service, and columnist for The Guardian, one of Nigeria's leading independent newspapers.
In 1991 Moghalu undertook graduate studies at Tufts University's Fletcher School of Law and Diplomacy in Medford, Massachusetts, USA, where he was a Joan Gillespie Fellow and a Research Assistant in the International Political Economy (IPE) Program and obtained a Master of Arts degree in 1992.
Moghalu was appointed to the United Nations Secretariat by Secretary-General Boutros Boutros-Ghali in May 1992. He worked for the UN for 17 years in legal affairs, strategic planning, executive management and development finance posts at duty stations in New York, Cambodia, Croatia, Tanzania, and Switzerland, rising to the rank of Director in the organization. From 2002 to 2008 he was the Head of Global Partnerships and Resource Mobilization and a member of the Risk Management Committee of the The Global Fund in Geneva, Switzerland, an international development finance organization with $20 billion in assets and a $15 billion investment portfolio in 140 countries as of 2008. He served as a member of the Global Fund's Senior Management Group, which sets corporate policy and strategy for the international public-private partnership institution. He was Legal Advisor and the Spokesman of the United Nations International Tribunal for Rwanda at Arusha, Tanzania from 1997 to 2002, and served as a Political Advisor at the UN Headquarters in New York and in UN missions in Cambodia and Croatia from 1992 to 1997.
In 2006 the Secretary-General of the United Nations appointed Moghalu a member of the Redesign Panel on the United Nations Internal Justice System, which undertook a comprehensive evaluation and redesign of the transparency, accountability and regulatory compliance systems within the UN as part of major management reform of the United Nations.
The President of Nigeria appointed Moghalu as Deputy Governor of the Central Bank of Nigeria in November 2009 following the nominee's confirmation by the Senate of Nigeria's National Assembly.
Kingsley Moghalu founded Sogato Strategies SA in January 2009. He was Executive Director of the Swiss-Africa Business Roundtable, and was a member of the Board of Directors of Opportunities Industrialization Centers International Inc. (OICI).
He has been awarded several honours including the Nigerian national honour of Officer of the Order of the Niger (OON), Fellow of the Chartered Institute of Bankers of Nigeria (FCIB) and the Rotary International Distinguished Service Award.
Kingsley Moghalu married Maryanne Moghalu (née Ezike) in 1994, and the couple have four children.