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Nigeria's Central Bank Governor Due in Banjul

Nov 4, 2009, 2:16 PM | Article By: Nfamara Jawneh

The Governor of the Central Bank of the Federal Republic of Nigeria Mr. Sanusi Lamido Sanusi is due to arrive in the country tomorrow, Thursday 5th November 2009.

Governor Sanusi will be a guest of the Central Bank of The Gambia.

According to information reaching The Point, while in The Gambia, Governor Sanusi will hold a meeting with stakeholders at the Sheraton Hotel and Spa in Brufut.

During the meeting, he will make a presentation on Nigeria's recent banking sector reforms.

From The Gambia, he would proceed to Sierra Leone before returning to Nigeria.

Born on July 31, 1961, to a technocrat father, (Permanent Secretary, Foreign Affairs - 1960s), Mallam Sanusi Lamido Aminu Sanusi is the grandson of a former Emir of Kano and Islamic Scholar, Alhaji Muhammadu Sanusi. He started his western education at St. Anne Primary School, Kakuri, Kaduna (1967-1972). He had his West African School Certificate at the prestigious King's College, Lagos in 1977. He then proceeded to the equally prestigious Ahmadu Bello University, Zaria where he bagged a Bachelor of Science degree in Economics in 1981 and he did the course work for Master of Science degree in Economics with distinction in Monetary Policy in 1983. He earlier did his National Youth Service in former Gongola State (now Adamawa and Taraba States).

Mallam Sanusi's quest for knowledge took him outside the shores of Nigeria as he headed to Khartoun, Sudan where he bagged a first class degree in Sharia and Islamic Studies from the African International University in 1997.

Sanusi combines a career in banking with a strong background in intellectualism. He started his working career in 1983, as an academic at Ahmadu Bello University, Zaria where he taught economics. In 1985, he moved into banking industry as a merchant banker with Icon Limited (Merchant Bankers), a subsidiary of Morgan Guaranty Trust Bank of New York, and Baring Brothers of London. Thereafter, he joined the United Bank for Africa Plc (UBA) in 1997 as a Principal Manager in the Credit and Risk Management Division where he rose to the position of a General Manager. In September 2005, he joined the Board of First Bank of Nigeria PLC as an Executive Director in charge of Risk and Management Control.

He is reputed to have championed remarkable developments in FBN enterprise, risk and management control mechanisms. As general manager at UBA, Sanusi anchored the transformation of the credit and risk management division into an enterprising risk management sector, and spearheaded UBA?s Basel 2 focus by establishing the framework, policies, processes and systems necessary for compliance with the guidelines of the new capital accord.

As Executive Director, Risk & Management Control of First Bank PLC, he was said to have championed remarkable developments in the bank's enterprise risk and management control mechanisms. He took over the mantle of leadership as the Group Managing Director of First Bank of Nigeria PLC in January 2009. He was also the Chairman, Kakawa Discount House and sat on the Board of FBN Bank (UK) Limited.

Mallam Sanusi, who was appointed Governor on 6/3/2009 is the 10th Governor of the Central Bank of Nigeria.