Aliko Mohammed

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Aliko Mohammed (1934) is a Nigerian businessman and former president of the Nigerian Stock Exchange. He has also served as chairman of the National Insurance Corporation of Nigeria, Bank of the North and Daily Times of Nigeria.

He is a prominent boardroom player from Northern Nigeria having served on the boards of major Northern Nigerian corporations and some publicly listed firms in the country.

He is a member of the Arewa Consultative Forum.

Life

Mohammed was born in the town if Misau to the family of Muhammed Maigana, a teacher and Islamic scholar and one of the early Northern students who attended the Nassarawa School in Kano. His mother, Aminat was the third wife of the Maigana.

Aliko Mohammed was educated at Misau Elementary School and also went through Islamic tutelage under his father. In 1946, he enrolled at the Bauchi Middle School where he was taught by prominent Northern educators such as Aminu Kano, Yahaya Gusau, Tafawa Balewa and Sa'ad Zungur. After finishing studies at the middle school, he was hired by the Bauchi Native Authority but told to further his education by taking inspector in training classes at the Hygiene School in Kano. Though, he was skeptical about going to the school, he nevertheless attended classes for the first term before exiting the school thereby ending his employment with the Bauchi Native Authority. In 1951, he joined the staff of the United African Company as a produce clerk and was subsequently given accounting related jobs. After spending about 3 years at the firm, he left to join the Northern Nigeria civil service, later spending some time at Union Bank of Nigeria before returning to the regional public service as an accountant with Gaskiya Corporation. During the early 1960s, he spent time in London honing his accounting skills and becoming a chartered accountant, the second individual from Northern Nigeria bestowed with the accolade.

At age 31, he became the chief accountant of Northern Nigeria Housing Corporation. After a political upheaval in country, a subsequent re-structuring of major government enterprises in the North took place. The housing corporation was merged with the New Nigeria Development Company with Aliko Mohammed taking over the position of financial controller of the New Nigeria Corporation. He also served as the financial controller of the sister organization, the Northern Nigeria Investment Company, both the NNDC and NNIL played a major role in the industrialization drive in the North during the first republic and in subsequent years.

In 1976, after the Federal Military Government acquired majority shares in Daily Times, Mohammed was appointed the chairman, also, he had assumed the position of chairman of Bank of the North in 1974. Mohammed was a former chairman of NICON and the Nigerian Stock Exchange, in the case of the latter, he held the position of president.