Home | About Us | FAQs | RSS | Contact Us | Sitemap | Careers | Educational | Freedom of Information    

Alhaji Aliyu Mai-Bornu (1919 - 1970)

Currency | History of Nigerian Currency | Legal Tender | Currency Gallery | Security Features | Features of Nigerian Currency | Clean Notes Policy | eNaira

Mallam Aliyu Mai Bornu was born in 1919 and began his elementary school in 1932. He was later on transferred to Yola Middle School from where proceeded to the then Kaduna College in 1938 and passed out in 1942 after qualifying as an English Language Teacher.

Mallam Mai Bornu taught English at his alma mater, Yola Middle School from 1942 to 1946 and then proceeded to Kaduna College where he served in the same capacity. In 1954, he served as House Tutor at the Veterinary School in Vom before proceeding to Bristol University that same year, to study Economics.

After his graduation in 1957, he returned to Nigeria and served with the Northern Nigeria Public Service as an Administrative Officer where he held various positions before his secondment to the Central Bank of Nigeria in 1959 as an Assistant Secretary. At the CBN, Mallam Mai Bornu went on to become the Deputy Secretary and Secretary before his appointment as Deputy Governor in 1962. He became the first indigenous Governor of the Bank in 1963 and retired from its service in 1967. He was thereafter appointed Director and General Manager of the Nigerian Tobacco Company (NTC). Although he resigned his appointment at the NTC in 1969, he continued to serve as a member of the Board of Directors until his death on the 23rd of February, 1970.

Currency in Circulation:

Notes: N1000 | N500 | N200| N100 C | N100 | N50 | N20 | N10 | N5
Coins: N2 | N 1 | 50 Kobo

Currency Withdrawn:

 Earlier | 1959 | 1965 | 1968 | 1973 | 1977 | 1979 | 1984 | 1991 | 2007


Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
See All: Facts | Events

Central Bank of Nigeria:: Did You Find