Former finance minister, Chu Okongwu, dies at 87

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FORMER Minister of Finance, Dr. Chu SP Okongwu, is dead.

It was gathered that he died this morning in Enugu aged 87.

Dr. Okongwu was Minister of Finance under the government of General Ibrahim Babangida.

He served for eight years in Babangida’s government, firstly as the Minister of Finance and National Planning; and subsequently as Minister of Cabinet Affairs and later, Minister of Petroleum.

Chu Okongwu was born on September 23, 1934 in Nnewi, Anambra State, the first of eight children.

He attended St. Michael’s school, Aba between 1941 and 1946. From there he moved to Government College, Umuahia and he was a student there from 1947 till 1951.

An economist, Okongwu studied Economic theory at Boston University. He completed hia degree in 1961. He also attended Harvard University from 1961 to 1965.

On Sunday, October 3, 2021, unknown gunmen burnt down Dr. Chu Okongwu’s house in his village, Otolo Nnewi.