Sanusi Lamido Sanusi
Nigerian banker
Sanusi Lamido Sanusi
Mallam Sanusi Lamido Sanusi was appointed Governor of the Central Bank of Nigeria on 3 June 2009. He is a career banker and ranking Fulani nobleman, and also serves as a respected Islamic scholar. The renowned global financial intelliegence magazine, The Banker, published by the Financial Times, has conferred on Mallam Sanusi Lamido Sanusi two awards.
Biography
Sanusi Lamido Sanusi's personal information overview.
{{personal_detail.supertitle}}
{{personal_detail.title}}
{{personal_detail.title}}
Photo Albums
Popular photos of Sanusi Lamido Sanusi
Relationships
View family, career and love interests for Sanusi Lamido Sanusi
News
News abour Sanusi Lamido Sanusi from around the web
New governor starts at scandal-hit Nigerian central bank
Yahoo News - over 2 years
Nigeria's new central bank governor began work on Tuesday, starting a fresh chapter in Africa's biggest economy after his predecessor's tenure ended in scandal and claims of political connivance. Godwin Emefiele took over from Sanusi Lamido Sanusi, who was removed in February, four months from the end of his term of office, on government charges of financial recklessness and impropriety. The nomination of former Zenith Bank chief Emefiele's came as a surprise to many market watchers and his first day at the helm was low key, although he is expected to speak later this week. From the outset, he is seen as likely to build on Sanusi's policies, which are credited with bringing relative stability to the banking industry and putting it on a sound footing.
Article Link:
Yahoo News article
INTERVIEW: NIGERIA: Nigeria aims to beat forgers with new banknotes
rfi English - over 4 years
Nigeria is to introduce new bank notes and coins next year. The aim is to reduce the number of forged banknotes and make large transactions easier. But will it hurt the poor? Sanusi Lamido Sanusi speaking at Warwick Economics Summit 2012 Wyap91/Open access
Article Link:
rfi English article
State Of Osun In A Pseudo Federal Nigeria
Osun Defender - almost 5 years
I have had cause in the past to pooh-pooh our 1999 constitution and its half-hearted claim as a federal constitution in this column. This inadequacy is despite the glaring provisions in Section 2 Subsection 2 of 1999 constitution, which provides that: “Nigeria shall be a Federation consisting of states and a Federal Capital Territory”. As will be obvious on further reading, the constitution subsequently went ahead to decapitate the foundations upon which federalism is founded. Likened to Janus, the Roman two-faced god, it turned unitary in making provisions for the very foundations of a democratic state. Two glaring examples of the weak foundations of this democratic state will suffice. I remember a helpless Governor Jonah Jang of Plateau State, lamenting the carnage as extremism ravaged community after community in his state. Despite receiving an advance notice of an attack on one of the community as the state chief security officer, he was helpless, when the then state commissioner ...
Article Link:
Osun Defender article
Terkendala Minim Mobil PMK - Surabaya Post
Google News - over 5 years
Saya tidak tahu pasti sejak kapan pengadaannya. Yang jelas sejak sebelum saya jadi kepala dinas sudah ada,” ujar Sanusi. Sanusi sendiri menjadi Kepala Dinas PU sejak tahun 2000 silam, sehingga umur dua mobil PMK itu sudah 10 tahun lebih. isa
Article Link:
Google News article
Nigeria: Reps Okay Islamic Banking - Sanusi - 60 Percent of Jaiz Shareholders ... - AllAfrica.com
Google News - over 5 years
The lawmakers made their position known in Abuja after a briefing to the House in plenary session by CBN governor Sanusi Lamido Sanusi. Sanusi was invited following a motion urging the House to seek explanations on the apex bank's cash withdrawal limit
Article Link:
Google News article
CBN's interest-free banking gains momentum
Arab News - over 5 years
It seems that the influential governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, is winning the “hearts and minds” debate over the introduction of interest-free (Islamic) banking into Africa's most populous yet highly sectarian nation.
Article Link:
Arab News article
Are these the six most influential black people in the world? - The Voice
Google News - almost 6 years
NIGERIA IS in the spotlight for the violence that is characterising the post-electoral period, but the second most influential black person in the world is Nigeria Central Bank governor Lamido Sanusi. Sanusi, 50, took up his position in June 2009,
Article Link:
Google News article
Timeline
Learn about memorable moments in the evolution of Sanusi Lamido Sanusi
    FIFTIES
  • 2014
    Age 52
    After he urged his followers to fight back against the Nigerian Islamist group Boko Haram, the Kano Mosque, the seat of his emirate, was bombed in November 2014, killing 150. In December 2014, Boko Haram leader Abubakar Shekau, accused him of deviating from Islam and threatened to kill him.
    More Details Hide Details Sanusi replied that he is "safe with Allah" and likened Shekau’s comments describing Sufis as unbelievers to those of the heretical Islamic preacher Maitatsine. Nigeria lost a billion dollars a month to diversion of funds under the government of Goodluck Jonathan, according to a 2013 TED talk by Sanusi The PBS segment quoted American and British officials saying that former Petroleum Minister Diezani Alison-Madueke might personally have organized a diversion of $6 billion (N1.2 trillion) from the Nigerian treasury. She was arrested in London on October 2, 2015. Sanusi believes he was fired from the Central Bank of Nigeria because he went public with charges that $20 billion was missing from the Nigerian National Petroleum Corporation (NNPC) under Alison-Madueke's management. Alison Madueke says Sanusi made the allegations to retaliate after she didn’t help him to get appointed as the president of the African Development Bank (AfDB) and dismissed his allegation.
    He was formally crowned as Emir Muhammadu Sunusi II on the 9th of June, 2014 making him the 14th Emir of Kano and the leader of the Tijaniyya Sufi order, historically the second most important Muslim position in Nigeria after the Sultan of Sokoto, the leader of the more populous Qadiriyya sufi order.
    More Details Hide Details
    Sanusi was selected to succeed his grand uncle Ado Bayero as the Emir of Kano on the 8th of June, 2014.
    More Details Hide Details There was great controversy over the appointment. Some believed that it was politically motivated and a move to avoid charges of fraud from hif term as the governor of the Central Bank of Nigeria. Many also expected Bayero's son to succeed him as Emir and supporters of Bayero's son angrily protested Sanusi's appointment.
    On june 9, 2014, he was formally crowned as Emir Muhammadu Sunusi II, making him the 14th Emir of Kano and the leader of the Tijaniyya Sufi order, a position that is historically the second most important Muslim position in Nigeria after the Sultan of Sokoto who is the leader of the Qadiriyya sufi order.
    More Details Hide Details Sanusi Lamido Sanusi is married to Hajia Sadiya, the daughter of his uncle and the late Emir Ado Bayero (Sanusi’s predecessor) and Hajia Maryam and they have a total of eight children. Lamido Sanusi graduated from King's College Lagos in 1977 and attended Ahmadu Bello University (ABU) Zaria where he earned a bachelor's degree in Economics in 1981. He obtained a master's degree in Economics at ABU (1983) and was an instructor at ABU from 1983 to 1985. In 1985 Sanusi joined Icon Limited (Merchant Bankers), a subsidiary of Morgan Guaranty Trust Bank of New York, and Baring Brothers of London. He moved to the United Bank for Africa in 1997 in the Credit and Risk Management Division, rising to the position of a General Manager. In September 2005, he joined the Board of First Bank of Nigeria as an Executive Director in charge of Risk and Management Control, and was appointed Group Managing Director (CEO) in January 2009. He was also the Chairman, Kakawa Discount House and sat on the Board of FBN Bank (UK) Limited. Sanusi is recognized in the banking industry for his contribution towards developing a risk management culture in Nigerian banking. First Bank is Nigeria's oldest bank and one of the biggest financial institutions in Africa. Sanusi was the first northerner to be appointed CEO in First Bank's history of more than a century.
    On June 8, 2014, Sanusi was selected to succeed his great uncle Ado Bayero as the Emir of Kano.
    More Details Hide Details Many people had expected Ado Bayero's son to succeed him as Emir, this led the supporters of Bayero's son to angrily protest Sanusi's appointment.
  • 2012
    Age 50
    Sanusi has spoken at many distinguished events, including Warwick Economics Summit in February 2012 where he spoke about banking reforms in Nigeria and their impact on the economy.
    More Details Hide Details In parallel to his banking career, Sanusi contributed to the debate over Sharia law. In 1997, Sanusi obtained a degree in Sharia and Islamic Studies from the African International University in Khartoum, Sudan. Writing in the Weekly Trust in September 2000, he noted the problem of reconciling "belief in the universal and eternal applicability of the Shariah with the need for a wholesale adoption of its historically specific interpretation to meet the requirements of a particular milieu." He further said that "Even a cursory student of Islamic history knows that all the trappings of gender inequality present in the Muslim society have socio-economic and cultural, as opposed to religious roots." At a conference in 2000 in Kaduna, Sanusi delivered a lecture on Islamic economics called Institutional Framework of Zakat: Dimension and Implications. He argued that although collection of zakat is the responsibility of the state, it may be the responsibility of the Nigerian government rather than the emirs in Northern Nigeria. In July 2001 at a seminar in Abuja he talked on Basic Needs and Redistributive Justice in Islam – The Panacea to Poverty in Nigeria. He took the mainstream position that zakat is an instrument for redistributing income, but argued in favor of giving the role of redistribution to the government.
  • FORTIES
  • 2010
    Age 48
    The Banker recognized him as the Central Bank Governor of the Year 2010 citing his radical anti-corruption campaign aimed at saving 24 banks on the brink of collapse and pressing for the managers involved in the most blatant cases of corruption to be charged and, in the case of two senior bankers, imprisoned.
    More Details Hide Details
    At a February 2010 conference on banking in Nigeria, Sanusi described his blueprint for reforming the Nigerian financial system.
    More Details Hide Details He said that it was built around four pillars of enhancing the quality of banks, establishing financial stability, enabling healthy financial sector evolution and ensuring that the financial sector contributes to the real economy. Talking later that month, Sanusi said that the crash in the capital market was due to high level of financial illiteracy on the part of Nigerian investors.
    In January 2010, Sanusi admitted that since 2005 the Central Bank had not conducted routine examinations of the 14 banks allocated to it under the sharing arrangement with Nigerian Deposit Insurance Corporation (NDIC).
    More Details Hide Details Abubakar Nagona, president of Integrated Development and Investment Service (IDIS), a venture capital investment company urged Sanusi to "not be cowed and succumb to undue pressure from operators of the same sector he is striving to bring sanity to."
    In January 2010, Sanusi said that banks will only want to give credit to Nigeria’s small and medium enterprises (SMEs), if the government gives adequate attention to the provision of infrastructure.
    More Details Hide Details
  • 2009
    Age 47
    In a wide-ranging interview with the Financial Times in December 2009, Sanusi the extensive reforms that he had initiated since taking office, dubbed by some as the "Sanusi tsunami".
    More Details Hide Details Some believe that he had a personal vendetta against some of the bank CEOs while others point to proof of mismanagement of funds by some of the CEOs, most notably Cecelia Ibru as justification for the steps he implemented. He noted that there was no choice but to attack the many powerful and interrelated vested interests who were exploiting the financial system, and expressed his appreciation of support from the Presidency, the Economic and Financial Crimes Commission, the finance minister and others.
    In September 2009, he said that 15 of the current 24 Nigerian banks might survive reform in the banking sector.
    More Details Hide Details
    In August 2009, the Sanusi led the Central Bank to "rescue" Afribank, Intercontinental Bank, Union Bank, Oceanic Bank and Finbank by bailing them out with 400 billion naira of public money, and dismissed their chief executives.
    More Details Hide Details Some point to other factors including religious, ethnic and existing bank records and plans to say he in fact had a hidden agenda. He said "We had to move in to send a strong signal that such recklessness on the part of bank executives will no longer be tolerated." 16 senior bank officials faced charges that included fraud, lending to fake companies, giving loans to companies they had a personal interest in and conspiring with stockbrokers to boost share prices, and today he has been appointed as the Emir of Kano by Gov. Rabi'u Musa Kwankwaso of Kano following the departure of Alh. Ado Bayero.
    President Umaru Musa Yar'Adua nominated Sanusi as Governor of the Central Bank of Nigeria on 1 June 2009 and his appointment was confirmed by the Senate on 3 June 2009, in the middle of a global financial crisis.
    More Details Hide Details Analysts believed that Sanusi's tempered mien would serve as a counterpoise to the more aloof disposition of his predecessor, Charles Chukwuma Soludo. Based on his past record, it seemed probable that as governor of the central bank he would impose stricter controls.
    On June 1, 2009, during the regime of President Umaru Musa Yar'Adua, Sanusi was nominated as Governor of the Central Bank of Nigeria and his appointment was confirmed by the Nigerian Senate on June 3, 2009 at the height of the a global financial crisis.
    More Details Hide Details Emir of Kano.
    He was appointed on 3 June 2009 for a five-year term, but was suspended from office by President Goodluck Jonathan on 20 February 2014 after exposing a $20 billion fraud committed by the president's associates in the Nigerian National Petroleum Corporation (NNPC) during the president's regime.
    More Details Hide Details Malam Sanusi is the grandson of Muhammadu Sunusi (The 11th Fulani Emir of Kano) He was a career banker and ranking Fulani nobleman, and also serves as a respected Islamic scholar. The global financial intelligence magazine, The Banker, published by the Financial Times, conferred on Sanusi two awards, the global award for Central Bank Governor of the Year, as well as for Central Bank Governor of the Year for Africa. The TIME magazine also listed Sanusi in its TIMES 100 list of Most Influential People of 2011 In 2013, Sanusi was also awarded a Special GIFA award at the third Global Islamic Finance Awards held in Dubai, for his advocacy role in promoting Islamic banking and finance in Nigeria during his stint as Governor of the Central Bank of Nigeria.In 2015, Emir Muhammadu Sanusi II was awarded Global Leadership in Islamic Finance Award 2015 by Global Islamic Finance Awards (GIFA) to become the fifth GIFA Laureate, following Tun Abdullah Badawi (2011), HRH Sultan Nazrin Shah (2012), Shaukat Aziz (2013) and Nurrsultan Nazarbayev (2014).
    Later he was appointed Group Managing Director (CEO) in January 2009.
    More Details Hide Details Almost at the same period, Sanusi was also the Chairman, Kakawa Discount House, where he sat on the Board of FBN Bank (UK) Limited. Sanusi was the first person from the northern Nigeria to be appointed CEO in the history of First Bank in Nigeria.
  • 2005
    Age 43
    In September 2005, he became one of the Board members of First Bank of Nigeria as an Executive Director in charge of Risk and Management Control.
    More Details Hide Details
  • THIRTIES
  • 1997
    Age 35
    He later joined the United Bank for Africa in 1997, working at the bank’s Credit and Risk Management Division, he rose to the position of a General Manager.
    More Details Hide Details
  • TWENTIES
  • 1985
    Age 23
    In 1985 Sanusi got employed by the Icon Limited (Merchant Bankers), a subsidiary of Morgan Guaranty Trust Bank of New York United States, and Baring Brothers of London.
    More Details Hide Details
  • 1983
    Age 21
    He furthered his studies and obtained a Masters degree in Economics at Ahmadu Bello University in 1983, and became an instructor there from 1983 until 1985.
    More Details Hide Details Sanusi also studied in the International University of Africa, Khartoum, Sudan, where he obtained a degree in Islamic Law. Sanusi was posted to Gongola State (now Adamawa and Taraba States) where he did his National Youth Service Corpse (NYSC) mandatory service. Career.
  • TEENAGE
  • 1981
    Age 19
    He got admission into Ahmadu Bello University (ABU) Zaria, where he obtained a Bachelors degree in Economics in 1981.
    More Details Hide Details
  • 1977
    Age 15
    Lamido Sanusi had his secondary education at King's College Lagos, where he graduated in 1977.
    More Details Hide Details
  • CHILDHOOD
  • 1967
    Age 5
    Sanusi had his primary education at the St. Anne’s Catholic Primary School, Kakuri, Kaduna between the years 1967-1972, where he obtained his First School Leaving Certificate.
    More Details Hide Details
  • 1961
    Born
    Emir Muhammadu Sanusi II was born as Sanusi Lamido Sanusi (Mallam Sanusi Lamido Sanusi) into the Fulani Torobe (Sullubawa) clan of Kano on the July 31 1961.
    More Details Hide Details He is the grandson of Sir Muhammadu Sunusi, the 11th Emir of Kano, from the Sullubawa clan of the Torobe Fulani. He is the direct son of Muhammad Lamido Sanusi, a career diplomat and technocrat that served as the Nigerian Ambassador to Belgium, China and Canada, who later served as the Permanent Secretary of Federal Ministry of Foreign Affairs. Educational Background.
Original Authors of this text are noted here.
All data offered is derived from public sources. Spokeo does not verify or evaluate each piece of data, and makes no warranties or guarantees about any of the information offered. Spokeo does not possess or have access to secure or private financial information. Spokeo is not a consumer reporting agency and does not offer consumer reports. None of the information offered by Spokeo is to be considered for purposes of determining any entity or person's eligibility for credit, insurance, employment, housing, or for any other purposes covered under the Fair Credit Reporting Act (FCRA)