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Kudos: Nigeria’s Central Bank Governor Wins Two International Banking Awards…

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“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” John Quincy Adams

Governor Central Bank of Nigeria: Mallam Lamido Aminu Sanusi

For Winning Two International Banking Awards: Kudos to Central Bank of Nigeria Governor… Mallam Lamido Aminu Sanusi
Given the financial fiasco we have seen or read about in the last couple of years; housing crash, Madoff, Wall Street, Banking issues and such, it’s a wonder anyone pays attention to those who make great effort to correct systemic problems. I was quite glad to read today on the BBC News site that one of my own, Nigerian Banker and Governor of the Central Bank, Mallam Lamido Sanusi, had won two international banking awards.

According to the BBC News article, he was “named Central Bank Governor of 2010 for both the African continent and the entire world, by the prestigious  The Banker magazine.The Banker magazine covers international financial affairs and is owned and published monthly by The Financial Times Ltd.  Mallam Sanusi was appointed to his position in June of 2009 and has received kudos for implementing reforms in the Nigerian banking system. Since assuming office, Mallam Sanusi has initiated a radical anti-corruption campaign aimed at saving 24 banks, embarked on the bailout of several banks and dismissed their chief executives, limited the tenure of bank bosses to a maximum of 10 years, and insisted on greater transparency by instituting a stricter disclosure policy by the Central Bank of Nigeria. He is highly regarded in the banking world as a risk management expert.

Mallam Sanusi comes from an esteemed Northern Nigerian family. His father was a top level administrator in the Ministry of Foreign Affairs and his grandfather was the Emir of Kano. He studied economics at both the undergrad and graduate levels and taught the subject at his Alma mater; Ahmadu Bello University. Mallam Sanusi’s steady rise in the banking field began in 1985 when he joined a subsidiary of Morgan Guaranty Trust Bank of New York, and Baring Brothers of London. He later joined the United Bank of Africa and, by 2005, moved to the Board of First Bank of Nigeria as an Executive Director. First Bank is the oldest bank in Nigeria and one of Africa’s biggest financial institutions. In January 2009, he became First Bank’s Group Managing Director and by June 2009, he was appointed Governor of the Central Bank.

This is terrific news especially as many nations, including this one, continue to find ways to recover from the economic downshifts of the last several years. It is not lost on me that this is important because of the negative press that Nigeria has gotten in the past with 419 scams, Umar Farouk Abdulmutallab’s attempted bombing on a flight from Amsterdam, and a slew of other pernicious public relations nightmares that have been that great nation’s lot… It is also not lost on me that outside of the BBC News, I have not read about this award to an African national elsewhere…. For a change, let’s applaud something positive that happens on the African continent.

What are your thoughts on the subject?  Why do other international media channels limit the type of  news they share on Africa? Do share! Thank you…

Positive Motivation Tip: When we look for the good in others, we honor the good in ourselves…


Until Next Time…
Ask. Believe. Receive. ©
Elizabeth Obih-Frank
Mirth and Motivation
Positive Kismet

8 Comments leave one →
  1. 11/01/2011 1:26 am

    I rarely watch the nightly news, nor do I read the local papers. Those are good for the weather and sports news. Unfortunately, if one wants to hear what is “really” going on in the world, the BBC is probably where you have to go to find it. Or, I can come to your blogsite, Elizabeth. 🙂 You make it easy to find and read what is really important. Thank you.

    • 11/01/2011 1:55 am

      It is such a pity that we have to deal with this stuff in the 21st Century… If it’s not about war, corruption and pirates, the western media ignores it. May God Help us all!
      Thanks for your support 🙂

  2. Bree permalink
    11/01/2011 6:26 am

    Very interesting and well said. We need more stories like this from mainstream networks.
    A long way to go before people take their blinders off on the topic of Africa!

    • 11/01/2011 3:39 pm

      Tell me about it… For some people, the continent is only about safaris, war and hunger. Those topics are important aspects of the continent’s makeup but not the only stories… I’d love to see more positive applause/ western news reports on achievements that happen in Africa; and they do happen on a daily basis. 🙂
      Thanks for the support lady.

  3. 11/01/2011 10:09 am

    Love to hear good news, especially about banking in these times of lack.
    Thanks for the post.

    • 11/01/2011 3:35 pm

      That was my reaction too…
      Hey, when someone in the financial world is making positive waves and they are applauded by their peers too, I say a loud hurray! 🙂

  4. 11/01/2011 5:27 pm

    Wow. From one post I can already feel I’m going to learn from you daily! Oh, and I loved the quote this post started with!

    I find myself struggling for time essentially everyday so I do fall behind on news most of the time.

    Although this is probably not something I’d normally pay much attention I like that I’ve been enlightened on this subject and that someone is working towards making Nigeria a place of less corruption. 🙂

    I am extremely intrigued in all your further posts as positivity is something I’m trying to bring more of into my life this year.

    • 13/01/2011 5:09 am

      Thanks Em… the sentiments are mutual.
      I don’t do news pieces often, only when something strikes me… There are so many news outlets that I wouldn’t dare to compete.
      I do like BBC News though as they cover a lot more than any other online news outfit; at least from an international perspective.
      Glad to connect with you.:-)

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