MALLAM SANUSI LAMIDO SANUSI
Many has heard of the name Sanusi Lamido Sanusi and it is virtually a household name in many homes in Nigeria. I will discuss about the man who has achieved a lot both in Nigeria and outside Nigeria.
Birth and Education
Mallam Sanusi Lamido Sanusi was born on 31st of July,1961. He was born into a prominent family, his father was a permanent secretary in the Ministry of Foreign Affairs in the 1960’s and he was the grandson of Emir of Kano and Islamic Scholar, Alhaji Mohammadu Sanusi. He started his western education at St. Anne Primary School, Kakuri, Kaduna (1967 – 1972). He had his West African School Certificate at the prestigious King’s College, Lagos. He also proceeded to further his education to another equally prestigious Ahmadu Bello University, Zaria where he earned a Bachelor of Science degree in Economics in 1981 and he also did his course work for Masters of Science degree in Economics where he obtained a distinction in Monetary Policy in 1983. He did his National Youth Service in former Gongola State (now Adamawa and Taraba State). Sanusi quest for more knowledge took him outside Nigeria and he went to study Sharia law from the International University of Africa, Khartoum in Sudan where he bagged a first class degree in 1997.
Career
Sanusi started his career working as a academic at Ahmadu Bello University, Zaria where he lectured economics in 1985 before he moved to the banking sector in 1985 before he moved to the banking sector in 1985 where he worked with Icon Limited ( Merchant Bankers), a subsidiary of now Gauranty Trust Bank of New York, and Baring Brothers of London. He later moved ahead his career and joined United Bank of Africa Plc( UBA) in 1997 where he worked in the Credit and Risk Management Division where he rose to the position of the General Manager. In September 2005, he was also the chairman of Kakawa Discount House. He later joined the Board of First Bank of Nigeria as an Executive Director in charge of Risk and Management Control and was in later appointed Group Managing Director (CEO) in January 2009.
Achievement in Banking Sector
Sanusi has championed remarkable development in First Bank of Nigeria enterprises, risk management control mechanism. While working in United Bank of Africa has a General Manager he anchored the transformation of the credit and risk management division into an enterprising risk management sector, and also spearhead United Bank of Africa’s Basel 2 focus by establishing policies, framework, processes and systems necessary for compliance with the guidelines of the new capital accord and sat on the Board of the First Bank of Nigeria (UK) Limited. He was the first northerner to be appointed CEO in First Bank of Nigeria history of more than a century.
Marital life
Lamido Sanusi his married and has children.
Governor of Central Bank of Nigeria
Mallam Sanusi Lamido Sanusi was nominated by President Umaru Yar ‘Adua as the Governor of the Central Bank of Nigeria 1st July, 2009 and his appointment was confirmed by the senate on 3rd June, 2009, in the middle of global financial crisis. In August 2009, the Sanusi led Central Bank of Nigeria bail out plan, and bailed out Afribank, Intercontunental Bank, Union Bank, Oceanic Bank and Finbank with 400 billion Nigerian Naira of public money. Sanusi was named as the Central Bank of 2010 for both the African Continent and the entire world by the Bankers Magazine.
Sanusi has presented papers at National and International Conferences. Some of his papers include:
- ‘’Managing Credit Risk Under Basel 2’’- 2004
- ‘’The New Capital Accord (Basel 2): challenges, opportunities and threats – 2004
- The New Capital Accord (Basel 2): The standardized Approach to minimum Capital Requirements Under the first Pillar’’ – 2004
- ‘’ Bank lending: Approval Administration & Control’’ – 2004
This is just to mention a few out of all his papers he has presented.
He was suspended from has the CBN Governor by President Goodluck Jonathan after he alleged misappropriation of funds by the government. This has since led to trading of words and counter allegations.
On the 8th of July, 2014, Mallam Sanusi Lamido Sanusi was elected the new Emir of Kano succeeding his uncle Ado Bayero.
