Notable Alumni: Sanusi Lamido Sanusi
Muhammadu Sanusi II (CON), born Sanusi Lamido Sanusi 31 July 1961) is the 14th Emir of Kano, who was crowned on 8 June 2014 after the death of his granduncle Ado Bayero (who died on 6 June 2014). Emir Sanusi was a banker and former governor of the Central Bank of Nigeria. He was appointed on 3 June 2009 for a five-year term, but was suspended from office by the then President of Nigeria Goodluck Jonathan on 20 February 2014 after an accusation of a $20 billion fraud in the Nigerian National Petroleum Corporation (NNPC).
Sanusi is the grandson of Muhammadu Sanusi I, the 11th Fulani Emir of Kano. A banker and Fulani nobleman, he is also a respected Islamic scholar. Sanusi received two awards from The Banker magazine: Central Bank Governor of the Year (worldwide) and Central Bank Governor of the Year for Africa.
Time magazine listed him on its list of the 100 most influential people of 2011. In 2013, Sanusi was honoured 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 Nigeria’s central bank. He received the Global Leadership in Islamic Finance Award 2015 as the fifth GIFA Laureate, following Tun Abdullah Badawi (2011), HRH Sultan Nazrin Shah (2012), Shaukat Aziz (2013) and Nurrsultan Nazarbayev (2014).
Sanusi was born into the Fulani Torobe (Sullubawa) clan of Kano on 31 July 1961. As the grandson of Muhammadu Sunusi, he was automatically a member of the Sullubawa clan of the Torobe Fulani. His father, Ambassador Aminu Sanusi, was a career diplomat who was the Nigerian Ambassador to Belgium, China and Canada and the Permanent Secretary of the Federal Ministry of Foreign Affairs.
Sanusi received his primary education at St. Anne’s Catholic Primary School in Kakuri, Kaduna from 1967 to 1972, where he obtained his First School Leaving Certificate. He then attended King’s College, Lagos, where he graduated in 1977. Sanusi was offered provisional admission to Ahmadu Bello University (ABU) in Zaria, where he obtained a bachelor’s degree in economics in 1981. He received a master’s degree in economics from the school in 1983, and taught there until 1985. Sanusi studied at the International University of Africa in Khartoum, receiving a degree in Islamic law. He was posted to Gongola State (now Adamawa and Taraba States) for his mandatory National Youth Service Corps (NYSC) service.
In 1985, Sanusi was hired by Icon Limited (a subsidiary of Morgan Guaranty Trust) and Barings Bank. He joined the United Bank for Africa in 1997, working in the bank’s credit and risk-management division, and rose to the position of general manager. In September 2005, Sanusi became a board member of the First Bank of Nigeria as an executive director in charge of risk and management control. He was appointed Group Managing Director (CEO) in January 2009. At this time, Sanusi was chairman of Kakawa Discount House (where he was a board member of FBN Bank). He was the first person from northern Nigeria to be appointed CEO of FBN. On 1 June 2009, during the presidency of Umaru Musa Yar’Adua, Sanusi was nominated governor of the Central Bank of Nigeria; his appointment was confirmed by the Nigerian Senate on 3 June 2009, during a global financial crisis. He is recognized in the banking industry for his contribution to a risk-management culture in Nigerian banking. First Bank is Nigeria’s oldest bank, and one of Africa’s largest financial institutions. Sanusi was the first northern Nigerian CEO in First Bank history.
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