Sanusi Lamido Sanusi was born into the Fulani Torodbe (Sullubawa) clan of Kano on 31st July, 1961 in Nigeria. He is also known as Emir Muhammadu Sanusi II after succeeding his late grand uncle Dr Ado Bayero who died on Friday 6 June 2014 as the new Emir of Kano on the 8th June 2014. He is also a very wealthy Fulani man which makes his net worth a bit confusing.
Sanusi was a career banker and ranking Fulani nobleman, and also serves as a respected Islamic scholar. He receive two awards, the global award for Central Bank Governor of the Year, as well as for Central Bank Governor of the Year for Africa in the global financial intelligence magazine, the banker, published by the financial times.
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 1983and an instructor at ABU from 1983 to 1985.
He earlier did his National Youth Service in former Gongola State (now Adamawa and Taraba States). 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 was Governor of the Central Bank of Nigeria, appointed on 3 June 2009 and suspended from office by President Goodluck Jonathan on 20 February 2014 after exposing a $20 billion fraud committed by the presidents’ associates in the Nigerian National Petroleum Company (NNPC).
Governor of the Central Bank of Nigeria
President Umaru Musa Yar’Adua nominated Sanusi as Governor of the Central Bank of Nigeria on 1 June 2009 and his appointment was confirmed by the Senate on 3 June 2009.
In August 2009, the Sanusi led the Central Bank to “rescue” Afribank, Intercontinental Bank, Union Bank, Oceanic Bank and Finbank by bailing them out with 400 billion naira of public money, and dismissed their chief executives.
The Banker recognized him as the Central Bank Governor of the Year 2010 citing his radical anti-corruption campaign aimed at saving 24 banks on the brink of collapse and pressing for the managers involved in the most blatant cases of corruption to be charged and, in the case of two senior bankers, imprisoned.
Sanusi has spoken at many distinguished events, including Warwick Economics Summit in February 2012 where he spoke about banking reforms in Nigeria and their impact on the economy.
Sanusi obtained a degree in Sharia and Islamic Studies from the African International University in Khartoum, Sudan in1997. Sanusi took active part in Sharia law debate.
In January 2002 he published a paper on The Hudhood Punishments in Northern Nigeria: A Muslim Criticism. In July 2003 he presented The Shari’a Debate and the Construction of a ‘Muslim’ Identity in Northern Nigeria: A Critical Perspective at a seminar at the University of Bayreuth. In August 2003 he presented Democracy, Rights and Islam: Theory, Epistemology and the Quest for Synthesis at an international conference on Shari’ah Penal and Family Law in Nigeria and in the Muslim World: A Rights-Based Approach in Abuja.
There are two underlying themes to Sanusi’s position. First, Islam is concerned with delivering justice and should not be a tool for self-seeking political agendas. Second, the Wahhabist rhetoric of fundamentalists is counter to genuine Muslim interests. He explains that Sharia is not divine but merely religious, and is neither uniform nor unchanging.
Lamido Sanusi Net Worth
Not much is known about the net worth of Sanusi Lamido Sanusi. Although, we couldn’t find a particular figure on the net worth of the Emir of Kano, we believe he is one of the richest figures in Northern Nigeria due to his assets, cars and properties scattered both home and abroad.
Lamido Sanusi net worth may be estimated to be $80 million.
Emir of Kano
Sanusi was formally crowned as Emir Muhammadu Sunusi II on the 9th of June, 2014 making him the 14th Emir of Kano and the leader of the Tijaniyya Sufi order, historically the second most important Muslim position in Nigeria after the Sultan of Sokoto who is the leader of the more populous Qadiriyya sufi order.
He need dispute with the Boko Haram alleging them of bombing the Kano Mosque, the seat of his emirate on January 2014 killing 150. The leader of the Nigerian Islamist group Boko Haram, Abubakar Shekau, accused him of deviating from Islam and threatened to kill him in January nevertheless Sanusi urge his followers to fight.
As a prolific writer, Sanusi has presented papers at National and International conferences bordering on banking, politics, religion and society. These include:
- “The New Capital Accord (Basel 2) : The Standardized Approach to Minimum Capital Requirements Under the First Pillar” – 2004
- “Managing Credit Risk Under Basel 2” – 2004
- “Bank Lending: Approval Administration & Control” – 2004
- “The New Capital Accord (Basel 2): Challenges, Opportunities and Threats” – 2004
- “Managing Risks in the Nigerian Financial Services Industry: An Operator’s Perspective” – 2005
- “Framework for Sound Risk Management” – 2005
- “Practical Implementation Challenges for Audit of Risk Management in Emerging Economies” – Hilton Hotel, Kenya – 2006
Sanusi Lamido Sanusi Biography and Net worth Source: Wikipedia