Mallam Lamido Aminu Sanusi
Central Bank Governor
Date of Birth: 1961
Place of Birth: Kano
Education: MA, Economics, Ahmadu Bello University, Zaria, 1984; BA, Sharia and Islamic Studies, International University of Africa, Khartoum, Sudan, 1991-97.
Career: Area Manager, ICON Limited, Kano; Principal Manager, Risk Management Division, United Bank for Africa, 1997; Assistant General Manager, United Bank for Africa, 1998; Head, Risk Management Department, United Bank for Africa; Executive Director, Risk Management and Control, First Bank, 2005; Chief Executive, First Bank, 2009; appointed Governor of the Central Bank of Nigeria, June 2009.
Commentary: Urbane and intellectual, Nigeria's Central Bank Governor Mallam Sanusi
has combined a long career in commercial banking with studies for a
degree in Islamic law and his duties as a Prince in Kano's royal house.
His grandfather, Alhaji Muhammadu Sanusi, was the Eleventh Emir of Kano.
Sanusi has quickly shaken up the financial sector with calls for
stricter regulation, more transparency and accountability. He is also
willing to allow more foreign banks to take controlling stakes in
Nigerian institutions. The United States' Citibank's highly
profitable stake in Citi Nigeria is one of the few locally incorporated
financial institutions in which foreign investors have a majority stake.
In contrast to his predecessor, Charles C. Soludo, who was
comfortable with looser regulation and close to several senior banking
executives, Sanusi warns that he is prepared to force out bank chiefs
who flout Central Bank rules. His criticism of lax management caused
several banking executives, led by Oceanic's Cecilia Ibru, to campaign
against his appointment.
Sanusi seems to have little time
for the political elite and the PDP. After the 2007 elections, Sanusi
said of the PDP, 'Maybe they have gone far, far beyond what anyone
would have expected they would do, but I think everybody knew that they
were going to rig the elections.'