Sanusi Lamido Biography
Sanusi Lamido Biography – Sanusi Lamido Sanusi, a distinguished banker and former governor of the Central Bank of Nigeria, currently serves as the 14th Emir of Kano. He is a Fulani aristocrat and Islamic scholar.
Sanusi Lamido Profile
- Full name – Sanusi Lamido Sanusi
- Date Of Birth – July 31, 1961
- Age – 62 years old
- Birthday place – Unknown
- Spouse – Sadiya Ado Bayero, Rakiya Sanusi, and Maryam Sanusi
- Nationality – Nigeria
- Occupation – distinguished banker and former governor of the Central Bank of Nigeria
- Net Worth – $80 million
Sanusi Lamido Early Life And Education
Muhammadu Sanusi II, also known as Sanusi Lamido Sanusi, was born on July 31, 1961, in the Fulani Torobe (Sullubawa) clan in Kano.
His late father, Ambassador Aminu Sanusi, was a diplomat who served as Nigeria’s Ambassador to Belgium, China and Canada, and also served as Permanent Secretary in the Federal Ministry of Foreign Affairs. Sanusi began his education at St Anne’s Catholic Primary School in Kakuri, Kaduna, from 1967 to 1972.
He then proceeded to King’s College, Lagos for his secondary education, which he completed in 1977. Thereafter, he enrolled in the Ahmadu Bello University (ABU) in Zaria, where he studied economics and obtained a BSc in 1981. He obtained a master’s degree in economics from the same university in 1983. In addition, he is degree in Islamic Law from the World University of Africa, Khartoum.
Sanusi Lamido Career
The banking expert was assigned to Gongola State (now divided into Adamawa and Taraba states) during his National Youth Service Commission (NYSC) year. On completion of his career in 1985, he was employed by Icon Limited, a subsidiary of Morgan Guaranty Trust and Barings Bank, as a banker.
He left Icon Limited in 1997 and joined United Bank for Africa (UBA), where he started in the credit and risk management department and eventually rose to the position of CEO. After reaching senior leadership positions at UBA, he moved to First Bank of Nigeria as a board member and executive director overseeing risk and management control in September 2005.
In January 2009, Sanusi Lamido was appointed Group Chief Executive Officer (CEO) of First) of the Bank of Nigeria, becoming the first Northerner to hold this position. At the same time, he became the manager of the Kakawa Discount House.
On June 1, 2009, President Umaru Musa Yar’Adua nominated Sanusi Lamido as Governor of the Central Bank of Nigeria, with the Senate confirming his appointment on June 3, 2009, at the height of the global financial crisis. Sanusi Lamido is renowned for its risk management culture in Nigerian banks.
Sanusi Lamido Family
Sanusi Lamido is married to Sadiya Ado Bayero, Rakiya Sanusi, and Maryam Sanusi and is blessed with a child.
Sanusi Lamido As An Emir
On June 8, 2014, Sanusi Lamido was elected to succeed his grandfather Ado Bayero as the Emir of Kano, and he was crowned Emir Muhammadu Sanusi II on June 9, 2014. Thus, it was The 14th Emir of Kano is and leader in the Tijaniyya Sufi sect, the second-largest Muslim sect in Nigeria, following the leader of the Qadiriyya Sufi sect, which was held by the Sultan of Sokoto.
On May 8, 2019, Kano State Governor Abdullah Ganduje reduced Sanusi Lamido’s authority as Emir of Kano by creating four new Emirates: Gaya, Bichi, Karaye, and Rano. As a result, the Emir of Kano now oversees only 10 of the 44 communities in the state.
Sanusi Lamido As CBN Governor
In April 2009, Lamido Sanusi injected ₦400 billion of public funds to rescue Afribank, Intercontinental Bank, Union Bank, Oceanic Bank and Finbank. He also fired top executives of these banks for mismanagement of assets and high levels of non-performing loans.
The CBN Governor, Sanusi has implemented a series of radical reforms known as the “Sanusi Tsunami” to address deeply entrenched interests that undermine Nigeria’s financial system.
Sanusi Lamido’s banking reform plan was based on four key pillars: improving banking ethics, maintaining financial stability, maintaining a healthy financial sector, and ensuring that the financial sector supports real income. Regarding the authority of sharia, the banker turned traditional ruler argues that Islam should serve justice and not benefit from political self-interest.
Sanusi Lamido quotes
“If Africa can deepen its current reforms in more productive areas, improve its share of the global market, Africa will be better armed for any future financial crisis.”
“We need to stop being taught how to think, be it conventional or non-conventional.”
“Nigeria is a country that specializes in exporting what it doesn’t produce, and importing what it produces.”
“The only way you can move from potential to reality is to stop preaching, and start asking how we can overcome, and prevent the fear of vested interest.”
“Intelligent people don’t steal, if they were smart, they won’t be stealing, they would find other things to do.”
Sanusi Lamido Awards And Nominations
- National Award of Commander of the Order of the Niger (CON)
- The Banker Magazine, London, named him Global Central Bank Governor of the Year – 2010
- Ekiti State University conferred Sanusi Lamido with the award of doctorate degrees, Honors Cause, for his immeasurable contributions to academic, philanthropy and humanitarian gestures – 2017
- Recipient of the Young Entrepreneurs of Nigeria (YEN) Man of the Year Award – 2018
- Named as one of the 100 most influential people in the world by TIME Magazine – 2011
- Honoree at the third Global Islamic Finance Awards (GIFA) in Dubai for his advocacy in promoting Islamic banking and finance during his tenure as governor of the Central Bank of Nigeria – 2013
- Central Bank Governor of the Year Award at the African Bankers Award – 2013
- Global Leadership in Islamic Finance Award as the fifth GIFA Laureate – 2015
- Central Bank Governor of the Year for Africa by The Banker Magazine, London – 2011
- Time magazine listed him on its list of the 100 most influential people – 2011
- Africa Person of the Year by Forbes magazine – 2011
Sanusi Lamido Net Worth
Sanusi Lamido Sanusi has an estimated Net worth of $80 million.
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