fbpx
Edit Content

Sanusi Lamido Sanusi: Biography And Net Worth Of The 14th Emir of Kano

Sanusi Lamido

Sanusi Lamido Sanusi is an award-winning banker and former governor of the Central Bank of Nigeria. He is currently the 14th Emir of Kano, a Fulani nobleman, and an Islamic scholar.

See Also: Muhammadu Buhari – biography of the 15th President of Nigeria

Sanusi Lamido Sanusi Background

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

Muhammadu Sanusi II, popularly known as Sanusi Lamido Sanusi, was born on the 31st of July, 1961, into the Fulani Torobe (Sullubawa) clan of Kano. His late father – Ambassador Aminu Sanusi, was a diplomat; the Nigerian Ambassador to Belgium, China, and Canada; and the Permanent Secretary of the Federal Ministry of Foreign Affairs.

Sanusi attended primary school at St. Anne’s Catholic Primary School, Kakuri, Kaduna, from 1967 to 1972. Afterwards, he proceeded to King’s College, Lagos, for his secondary education, and graduated in 1977.

Thereafter, he got admission into Ahmadu Bello University (ABU) Zaria to study economics, and graduated in 1981, with a BSc in economics. Sanusi Lamido obtained his master’s degree in economics from the same school in 1983.

See Also: Oby Ezekwesili – biography and leadership positions of the co-founder of #BringBackOurGirls

He also obtained a degree in Islamic law at the International University of Africa, Khartoum.

Sanusi Lamido Sanusi is married to Sadiya Ado Bayero, Rakiya Sanusi, Maryam Sanusi, and he is blessed with children.

See Also: Successful entrepreneurs in Nigeria and their entrepreneurial stories.

Sanusi Lamido

Sanusi Career

The banking guru was posted to Gongola State (now Adamawa, and Taraba States) for his one-year National Youth Service Corps (NYSC). After his service year in 1985, Icon Limited – a subsidiary of Morgan Guaranty Trust and Barings Bank employed him as a banker.

He left in 1997 and joined the United Bank for Africa (UBA). He started working with UBA as a staff in the credit and risk-management department and grew to the general manager position.

See Also: Biography and political escapades of Charles Soludo – a former CBN Governor

Having attained a top management position at UBA, he left the bank to become a board member at First Bank of Nigeria. He was also an executive director in charge of risk and management control in September 2005.

In January 2009, Sanusi Lamido became the Group Managing Director (CEO) of First Bank of Nigeria, making him the first Northerner to take on the role of the CEO of First Bank. At the time he was appointed CEO of First Bank, Sanusi Lamido was also Chairman of Kakawa Discount House.

President Umaru Musa Yar’Adua nominated Sanusi Lamido as the governor of the Central Bank of Nigeria, on the 1st of June 2009.  The Nigerian Senate confirmed his appointment as CBN governor, on the 3rd of June 2009, during a global financial crisis. Sanusi Lamido is well-known for his contribution to a risk-management culture in the Nigerian banking industry.

See Also: Biography, political history and life of Abubakar Bukola Saraki

Sanusi Lamido
Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

As Governor Of CBN

In August 2009, Lamido Sanusi injected ₦400 billion of public funds to save Afribank, Intercontinental Bank, Union Bank, Oceanic Bank, and Finbank. He further dismissed the CEOs of the banks for mismanagement of funds and high level of non performing loans.

During his tenure as CBN governor, he carried out extensive reforms termed – Sanusi Tsunami. He carried out these reforms in a bid to overcome the vested interests attacking the Nigerian financial sector. 

Sanusi Lamido’s blueprint for the reform in the banking sector is centred around four pillars, which include enhancing the quality of banks, establishing financial stability, enabling healthy financial sector evolution, and ensuring that the financial sector contributes to the real economy.

As regards Sharia authority, the banker turned traditional ruler, believes Islam should only bring justice to people and should not be used for selfish political agendas.

See Also: Biography and net worth of Senator David Mark GCON

As Emir Of Kanu

On the 8th of June 2014, Sanusi Lamido was selected to succeed his granduncle – Ado Bayero, as the Emir of Kano, and was crowned Emir Muhammadu Sanusi II on the 9th of June 2014.

As such, he became the 14th Emir of Kano, and leader of the Tijaniyya Sufi order – this is the second most important Muslim position in Nigeria, after the leader of the larger Qadiriyya Sufi order, held by the Sultan of Sokoto.

The Governor of Kano State – Abdullahi Ganduje, weakened Sanusi Lamido’s powers as the Emir of Kano state on the 8th of May 2019, by creating four new Emirates. The new Emirates were created for Gaya, Bichi, Karaye, and Rano. As such, the Emir of Kano will oversee only 10 Local Government Areas, out of the 44 LGA’s in the state.

See Also: Biography and net worth of Yemi Osibanjo – the vice President of Nigeria

Sanusi Lamido Sanusi’s 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.”

See Also: Biography and life of Goodluck Jonathan – the 14th President of Nigeria

Awards And Nominations Of Sanusi Lamido

  • 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
  • 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
  • Named as one of the 100 most influential people in the world by TIME Magazine – 2011
  • Honouree 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
  • Ekiti State University conferred Sanusi Lamido with the award of doctorate degrees, Honoris Causa, 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

See Also: Bola Tinubu: biography, and success story of the Jagaban

Sanusi Lamido Sanusi’s Net Worth

According to nigerianinfopedia.com.ng, Sanusi Lamido Sanusi is worth $80 million.

Entrepreneurial Lesson From Sanusi Lamido Sanusi

An entrepreneur is bold, courageous, and is a risk taker

Sanusi Lamido is a bold and courageous man. He is also a risk-taker. It’s these virtues that made him stand out amongst his counterparts. Sanusi Lamido was not afraid of those with vested interest in the Nigerian financial industry, while he was governor of CBN. Instead, he took them head-on and ensured justice took its full course.

It’s the little things you do as an entrepreneur, that stands you out of the crowd. If Sanusi Lamiso had kept quiet about the lootings, he won’t have been the unique and widely acclaimed banker that he is today.

Be bold and courageous, even if you step on toes. Don’t ever let the fear of the unknown take the best of you.

Are you doing something amazing in the entrepreneurial space and you want the world to hear about it? Reach out to us to tell your story

Image Credit: en.wikipedia.org, africanmagazine.com, Instagram

Share:

Facebook
Twitter
LinkedIn

1 thought on “Sanusi Lamido Sanusi: Biography And Net Worth Of The 14th Emir of Kano”

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Business Registration

Most Popular

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Related Posts

Mistakes when filing annual returns

Common Mistakes to Avoid When Filing Annual Returns With CAC

Filing annual returns with the Corporate Affairs Commission (CAC) is a mandatory task for businesses in Nigeria. It confirms the operational status rather than the financial performance of the business. Yet, entrepreneurs often encounter pitfalls that can be easily avoided. What are the common mistakes business owners make when filing

Advantages of Filing Annual Returns

Advantages of Filing Annual Returns For Your Business In Nigeria

Filing annual returns is a crucial step for every business and it has many advantages. It’s not just about meeting a legal requirement—it’s a move that sets you up for long-term success. In this article, we’ll look at the advantages of filing annual returns, and why taking annual returns seriously

Filing annual returns

A Step-by-Step Guide To Filing Your Annual Returns in Nigeria

Filing annual returns is a critical legal requirement for every registered business in Nigeria. It’s not just about keeping your business in good standing; it’s about transparency and accountability to regulatory bodies like the Corporate Affairs Commission (CAC). The process can seem daunting, but it’s essential for maintaining your business’s

How to file annual returns

How to File Annual Returns for Businesses in Nigeria

Filing annual returns is a pivotal event in the corporate calendar of any Nigerian business. It is not just a legal formality; it’s a declaration of your company’s existence and an affirmation of its compliance with local business laws. In this article, we will look at how to file annual

Scroll to Top

Join Entrepreneurs Family!

Get access to FREE business insights and funding opportunities daily.

Entrepreneurs Sign Up