Friday 1 April 2022


Bearer holding the 20ft train of Chief F.S. Okotie-Eboh, Minister of Labour and Welfare, as the Minister arrived with his wife at the House of Representatives.

Before his change of name, he was Chief Festus Samuel Edah.

In 1958, Okotie-Eboh insisted that Nigeria should issue her own currency and have her own Central Bank instead of epending on the then West African Currency Board, which was responsible for issuing currencies for the colonies. This was how the Central Bank of Nigeria(CBN) was established . Chief Okotie-Eboh, could therefore, be rightly described as the founding father of the CBN.

Okotie-Eboh was assassinated along with Prime Minister Tafawa Balewa in the military coup of January 15, 1966, which terminated the Nigerian First Republic, and thus civilian rule.


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