Monday, June 9, 2014

APC VS PDP: The Emergence of Sanusi As The New Emir of Kano

The emergence of Sanusi Lamido Sanusi as the new Emir of Kano was political and traditional, sources have told us. The PDP was wishing that the governor of Kano State, Rabiu Kwankwaso should pick any of the other contenders for the throne but certainly not Sanusi. The APC wished for Sanusi.

In fact, PDP was so much in a hurry to see that Sanusi Lamido Sanusi, the former CBN Governor, does not by any chance become the Emir of Kano that they rushed to the media to congratulate a wrong Emir.

Funny enough, PDP has withdrawn the congratulatory message but they are yet to congratulate the REAL Emir after over 12 hours of Sanusi's emergence as the 57th Emir of Kano. This is enmity taken too far.

The new Emir of Kano, HRH Mallam Sanusi Lamido Sanusi
He was born on July 31, 1961 in Kano, northern Nigeria. He obtained Bachelors’ degrees in Economics first from Ahmadu Bello University, and Islamic Law later from the International University of Africa, Khartoum.

After being an Economics lecturer for two years at the ABU, he started a banking career in 1985 with the Icon Limited (Merchant Bankers) a subsidiary of Morgan Guaranty Trust Bank of New York, and Baring Brothers of London.

He later joined the United Bank for Africa Plc in 1997, and worked in the Credit and Risk Management Division of the bank from where he rose to the position of a General Manager in 2005.

He thereafter joined the board of the First Bank of Nigeria Plc, as an Executive Director in charge of Risk and Management Control, and was appointed Group Managing Director of the Bank in 2009. Sanusi thus emerged in January 2009 as the first northerner to be appointed as the Chief Executive Officer in First Bank’s history of more than a century.

Although Sanusi’s banking career spanned various fields which included financial advisory services and credit marketing, it was in the field of risk management that he earned his professional reputation, distinguishing himself as the Chief Risk Officer in two prominent banks in the \country, UBA Plc and FBN Plc.

On June 3, 2009 after only six months as First Bank’s CEO, he was appointed the 10th Governor of the CBN in the middle of a global financial crisis with the banking system on the verge of collapse.

He was awarded the National Honour of Commander of the Order of the Niger by President Goodluck Jonathan on July 22, 2010. He was also admitted into the fellowship of the Chartered Institute of Bankers of Nigeria.

Sanusi’s father, Muhammad Lamido Sanusi was a technocrat who served as the Permanent Secretary of Federal Ministry of Foreign Affairs after serving as Nigerian Ambassador to Canada, Belgium and China. He is also the grandson of the 11th Emir of Kano, Alhaji Muhammadu Sanusi. Sanusi is married and blessed with children.

According to Punch, in his tenure as CBN governor, the apex bank moved swiftly to implement far-reaching and commendable reforms in the banking industry which were aimed at addressing the causes of the crisis.

A joint audit exercise carried out by Central Bank and the Nigeria Deposit Insurance Corporation revealed that eight out of the 24 deposit money banks in the country were in a grave situation. He rescued the banks.


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