Ernest Shonekan

Chief Ernest Shonekan GCFR
9th Head of State of Nigeria
Interim 26 August 1993 – 17 November 1993
Preceded by	Ibrahim Babangida as Military President of Nigeria
Succeeded by	Sani Abacha as Military Head of State of Nigeria
Head of Government of Nigeria
In office 2 January 1993 – 26 August 1993
President	Ibrahim Babangida
Vice President	Augustus Aikhomu
Preceded by	Ibrahim Babangida
Succeeded by	Interim National Government
Personal details
Born	(1936-05-09) 9 May 1936 (age 85) Lagos, Western Region, British Nigeria (now Lagos, Nigeria)
Nationality	Nigerian
Political party	Independent
Spouse(s)	Margaret Shonekan
Alma mater	University of London Harvard Business School
Profession	Lawyer and businessman

Chief Ernest Adegunle Oladeinde Shonekan GCFR (born 9 May 1936), titled Abese of Egbaland from 1981 (in addition to a variety of other chieftaincy titles),^[1] is a Nigerian lawyer and statesman who served as the interim Head of State of Nigeria from 26 August 1993 to 17 November 1993.

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.^[2]

Early life[]

Shonekan was born on 9 May 1936 in Lagos. The son of an Abeokuta-born civil servant, he was one of six children born into the family.

Shonekan was educated at C.M.S 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.^[3]

Early business career[]

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 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.

Crisis of the Third Republic[]

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 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.^[4]

Interim government[]

Shonekan was unable to control the political crisis which ensued following the election annulment. During his few months in power, he tried to schedule another presidential election and a return to democratic rule, while his government was hampered by a national workers' strike. Opposition leader Moshood Abiola, viewed Shonekan's interim government as illegitimate. Shonekan released political prisoners detained by Babangida. Shonekan's administration introduced a bill to repeal three major draconian decrees of the military government. Babangida made the interim government weak by placing it under the control of the military.

Shonekan had lobbied for debt cancellation but, after the election annulment, most of the Western powers had imposed economic sanctions on Nigeria. Inflation was uncontrollable and most non-oil foreign investment disappeared. The government also initiated an audit of the accounts of NNPC, the oil giant,^[5] an organisation that had many operational inefficiencies. Shonekan served as an Executive of Royal Dutch Shell while acting as the interim president of Nigeria.^[6]

Shonekan tried to set a timetable for troop withdrawal from ECOMOG's peacekeeping mission in Liberia. General Sani Abacha, was the minister of defence and chief of defence staff who had full control over the military.

Out of office[]

In November 1993, three months into his administration, Shonekan was overthrown in palace coup by Abacha.^[7]

In 1994, he founded the Nigerian Economic Summit Group an advocacy group and think-tank for private sector-led development of the Nigerian economy.^[8]

Since then Shonekan has gone on to feature prominently as an elder statesman, he is the third oldest surviving Nigerian head of state by age after Elizabeth II and Yakubu Gowon.^[9]

Personal life[]

Shonekan is married to Margaret Shonekan.

See also[]

• Cabinet of Ernest Shonekan

Notes[]

References[]

• "Military swears in transitional government", Agence France Presse—English, 4 January 1993
• "Nigeria prepares medium-term plan", Financial Times (London, England), 28 January 1993
• "NIGERIA: HARD ROAD AHEAD FOR INTERIM GOVERNMENT", IPS-Inter Press Service, 26 August 1993