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Ernest Shonekan
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Ernest Shonekan
Chief Ernest Adegunle Oladeinde Shonekan GCFR (9 May 1936 – 11 January 2022) was a Nigerian lawyer and statesman who served as the interim head of state of Nigeria from 26 August 1993 to 17 November 1993. He was installed as the Abese of Egbaland in 1981.
Prior to his political career, Shonekan was the chairman and chief executive of the United African Company of Nigeria (successor of The Niger Company), a vast Nigerian conglomerate which at the time was the largest African-controlled company in Sub-Saharan Africa.
Shonekan was born in Lagos on 9 May 1936. The son of an Abeokuta-born civil servant, he was one of six children born into the family.
Shonekan was educated at CMS Grammar School and Igbobi College. He received a law degree from the University of London, and was called to the bar. He later attended Harvard Business School.
Shonekan joined the United Africa Company of Nigeria in 1964, at the time a subsidiary of the United Africa Company which played a prominent role in British colonisation. He rose through the ranks in the company and was promoted to assistant legal adviser. He later became a deputy adviser and joined the board of directors at the age of 40. He was made chairman and managing director in 1980, and went on to cultivate a wide array of international business and political connections.
On 2 January 1993, Shonekan assumed office simultaneously as head of transitional council and head of government under Ibrahim Babangida. At the time, the transitional council was designed to be the final phase leading to a scheduled hand over to an elected democratic leader of the Third Nigerian Republic.
Shonekan learned of the dire condition of government finances, which he was unable to correct. The government was hard pressed on international debt obligations and had to hold constant talks for debt rescheduling.
In August 1993, Babangida resigned from office, following the annulment of the 12 June elections. He signed a decree establishing the Interim National Government led by Shonekan who was subsequently sworn in as head of state.
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Ernest Shonekan
Chief Ernest Adegunle Oladeinde Shonekan GCFR (9 May 1936 – 11 January 2022) was a Nigerian lawyer and statesman who served as the interim head of state of Nigeria from 26 August 1993 to 17 November 1993. He was installed as the Abese of Egbaland in 1981.
Prior to his political career, Shonekan was the chairman and chief executive of the United African Company of Nigeria (successor of The Niger Company), a vast Nigerian conglomerate which at the time was the largest African-controlled company in Sub-Saharan Africa.
Shonekan was born in Lagos on 9 May 1936. The son of an Abeokuta-born civil servant, he was one of six children born into the family.
Shonekan was educated at CMS Grammar School and Igbobi College. He received a law degree from the University of London, and was called to the bar. He later attended Harvard Business School.
Shonekan joined the United Africa Company of Nigeria in 1964, at the time a subsidiary of the United Africa Company which played a prominent role in British colonisation. He rose through the ranks in the company and was promoted to assistant legal adviser. He later became a deputy adviser and joined the board of directors at the age of 40. He was made chairman and managing director in 1980, and went on to cultivate a wide array of international business and political connections.
On 2 January 1993, Shonekan assumed office simultaneously as head of transitional council and head of government under Ibrahim Babangida. At the time, the transitional council was designed to be the final phase leading to a scheduled hand over to an elected democratic leader of the Third Nigerian Republic.
Shonekan learned of the dire condition of government finances, which he was unable to correct. The government was hard pressed on international debt obligations and had to hold constant talks for debt rescheduling.
In August 1993, Babangida resigned from office, following the annulment of the 12 June elections. He signed a decree establishing the Interim National Government led by Shonekan who was subsequently sworn in as head of state.
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