Augustine B. Edet studied Law & Politics and has served in various capacities in the past twenty five years, such as Business Executive, Financial & Business Consultant, Investment Banker, Credit Risk Manager, Barrister/Solicitor & Company Secretary. He brings experience from such diverse areas as serving as Chief Operating Officer of one of the fastest growing enterprise development companies in West Africa, General Counsel/Group Company Secretary to a group with assets under management then valued at approximately $1 Billion, working as senior manager in one of the biggest commercial banks in Nigeria as well as a stint as Group Head in Corporate Finance in an investment banking firm owned by the said bank. He started his career with a reputable corporate law firm based in Victoria Island, Lagos, where he served both domestic and international clientele.
Edet graduated with distinction in the Second Class Upper division from the University of Calabar in 1985 with a B.Sc. Degree in Political Science and thereafter in 1989 with distinction in Law at Second Class Upper division and was honored with seven (7) Graduation Awards including 'Best Overall Performance' and 'Best All-round Results'. He was called to the Nigerian Bar in 1990 and thereafter obtained a Masters of Law from the University of Lagos, Akoka, in 1999, where he graduated with a distinction at a GPA of 4.1. with areas of specialization in Secured Credit Transactions, International Economic Law, Comparative Company Law and the Law of labor relations. He has attended several courses locally and overseas and is an alumnus of the Lagos Business School Management Development Program, the Witts Business School (Johannesburg, South Africa), Executive Management Development Programme and the prestigious London Business School Leadership Development program.
Edet brings core competence of about 25 years in providing business management, corporate finance & financial advisory, SME consulting, privatization advisory, legal advisory, corporate/governance management, credit risk management and management services. Having spent the early part of his academic career in the study of political science, Edet has been profoundly schooled in the knowledge and practice of public administration and governance as well as political economy and is currently serving on a very high level Committee of one of the most important agencies of the Federal Government where he is making fundamental contributions to the shaping and development of the Nigerian economy towards the achievement of the Governments Vision 2020. Edet has been a key member of the Legal Implementation Committee (LIC) of the Financial System Strategy (FSS) 2020 program since November 2007. The LIC is at the base of financial sector reforms under the FSS 2020 of the Central Bank of Nigeria and is tasked with the responsibility of facilitating reform of relevant laws in the financial sector and to provide the legal impetus for the realization of the FSS 2020.
As a member of the LIC, he is been involved in a review of sundry laws in the financial and related sectors which has led to the submission of several quick win bills to the National Assembly for enactment including the Bill for an Act to Establish the Nigerian International Financial Centre, a Bill for an Act to Establish the Office of the Nigerian Financial Ombudsman, a bill for the establishment of the National Alternative Disputes Resolution Regulatory Commission and a bill for an Act to Facilitate the Use of Information in Electronic Form for Conducting Transactions in Nigeria. The LIC has identified 22 important bills to be sent to the National Assembly for enactment. As a member of the LIC, Edet has also been involved in the review of the draft laws for Mortgages, Credit Reporting & Information Exchange, the Securitization & Asset Backed Security Bill, the AMCON Amendment Act, the Secured Transactions Collateral Registry Bill and bills for reformation of the Mortgage and SME sectors. As a key member of the LIC, he has been recommended on several occasions by the Central Bank of Nigeria to attend workshops and courses in furtherance of the enactment of Nigeria’s Securitization & Asset Backed Law as well as the Secured Transactions Collateral Registry Bill both in Lagos and Accra Ghana (organized by the IFC). Edet was also the operator of the bank end of the CBN Credit Risk Management Bureau System during his career in banking. He is currently an Advisor/Resource Person to the Central Bank of Nigeria in respect of the legal framework governing the National Collateral Registry, an IFC sponsored project. He also serves as an Expert in Residence at the Enterprise Development Center of the Lagos Business School where he counsels entrepreneurs and also teaches Law and Negotiation to entrepreneurial classes. He is a member of the Nigerian Bar Association and also member, Ikoyi Club.