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Dr. Clement Isong
Dr. Clement N. Isong was the second Nigerian to be Governor of Central Bank of Nigeria. Dr. Isong was a brilliant, industrious and highly talented Nigerian who excelled in various fields. He was a teacher, banker, economist, administrator and politician.
He was born on 20th April, 1920 in Eket, Akwa Ibom State to Mr. and Mrs. Nathaniel Isonguyo.
He attended University College, Ibadan, Iowa Wesleyan College, Mount Pleasant, Iowa, USA and Harvard Graduate School of Arts and Science where he obtained Ph.D. in Economics.
Dr. Isong taught Economics in University of Ibadan. He joined Central Bank of Nigeria as Secretary and later became Director of Research. He was seconded to the International Monetary Fund (IMF) as an Adviser in the African Department.
Dr. Isong served as the Governor of the CBN from 1967 to 1975 at a critical time in the history of Nigeria. After retirement, he joined politics. He was elected the first civilian Governor of Cross River State from 1979 to 1983. Having contributed to the growth of Nigeria, Dr. Isong was honoured with Commander of the Federal Republic of Nigeria (CFR) in 1982. He died on 29th May, 2000.
Dr. Clement Isong's portrait appears on the N1000
N1000 | N500
| N200 | N100
| N50 | N20
| N10 | N5
50 Kobo |
| 1965 |
| 1973 |
| 1979 |
|Facts : 1/1/1990
|Guidlines for Licensed Banks:In 1990, the CBN introduced a set of Prudential guidelines for licensed banks which were complimentary to the capital adequacy requirement and statement of accounting standards.
The guidelines spelt out the criteria to be adopted by banks in classifying non-performing loans.
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