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About CBN

History | CBN Mandate | Branches | Staff Strength & Organogram | Departments | The Board | Past and Present Governors

Board of the CBN

Mr. Sanusi Lamido Aminu Sanusi
Governor - Since 6/3/2009
 

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 in the course of his banking career has attended several training programmes in Nigeria and overseas among which are:-

• Commercial Lending and Bank Management – Icon Limited Training School - 1988
• Face –to- Face Selling Skills; Exceptional Sales Performance – Forum Corporation of Boston – 1989
• Credit Analysis - Citibank Training School, New Jersey – 1989
• Advanced Corporate Credit – Euromoney – 1998
• Managing People for Success – Vic Lawrence – 1999
• Advanced Credit Analysis – Risk Analytics, New York – 2003
• Advanced Risk Management – International Faculty of Finance, London – 2004
• International Capital Markets – International Faculty of Finance, London - 2005

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

Many of his papers have been published in academic journals, books and newspapers around the world.

He is married and blessed with children.

Mallam Sanusi has just been appointed as the 10th Governor of the Central Bank of Nigeria.

See List of Retired Board Members
See List of Serving Board Members
See Past and Present Governors of the CBN
See Frequently Asked Questions about the board