Ola Vincent, Ex-CBN Governor, Dies At 87 4 years ago 12

A former Governor of the Central Bank of Nigeria, Mr. Ola Vincent, died in Lagos on Monday at the age of 87.


Vincent, who was born on May 16, 1925, was the governor of the CBN between 1977 and 1982.

The banker and economist, who is survived by a wife, three sons and a daughter, died at Saint Nicholas Hospital on Lagos Island after an illness that lasted about two weeks.

His daughter, Mrs. Taiwo Bali, who confirmed the demise of Vincent to our correspondent in a telephone interview, described him as a man who impacted positively on the lives of the people around him.

Bali said, “He was a good man with a very large heart. He was not just good to his biological family, but also to the extended family and everyone that came his way.

“He was a loving father and a good husband; in fact, in one sentence, we could never have had a better father and husband. I thank God he was 87 and lived well.”

She said the former CBN governor would be buried on September 6 at the African Church Cathedral (Bethel), Broad Street, Lagos.

“There will be no wake because dad said nobody did wake for Jesus in the Bible,” Bali said.

His wife, Edith, said, “He was a loving husband, I will marry him all over again if given the opportunity.

A former Director-General, Nigerian Stock Exchange, Apostle Hayford Alile, and his wife wrote in the condolence register, “What a celebration of life on many fronts, we will miss you.”

The Vice-Chairman, IGI Insurance Plc, who commiserated with the family said, “Baba is an epitome of the old national anthem that we abandoned, which says, ‘though tongue and tribe may differ in brotherhood we stand.’ That was Baba for you; he had no time for tribal issues. He was a man of highest integrity and probably the best economist of our time.”

Renowned accountant, Mr. Jaiye Randle, said Vincent was one of Nigeria’s finest in the areas of integrity and uprightness, saying, “He was also bold and strong, and was an embodiment of how Lagosians used to be.”

Vincent attended CMS Grammar School, Lagos between 1936 and 1939. He served in the Nigerian Armed Forces between 1942 and 1946, and worked in the Financial Secretary’s Office, Lagos between 1946 and 1956.

In 1951, he attended the Administrative Staff College; England, and from 1953 to 1956, he studied at the University of Manchester. From 1957 to 1960, he was a part-time lecturer in Economics at the University of Ibadan.

Vincent was Senior Assistant Secretary in the Ministry of Finance from 1959 to 1961 and moved to the Central Bank of Nigeria as an Assistant General Manager and General Manager from 1963 to 1966. Home Page

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