Sanusi bags FT’s global awards
Thursday, 06 January 2011


THE renowned global financial intelliegence magazine- The Banker, a publication of the Financial Times of London, has conferred on the Governor ofCentral Bank of Nigeria, Mallam Sanusi Lamido Sanusi, double awards.
The awards are the Central Bank Governor of the Year for the entire world and that of the African continent.

According to a release signed by the Country Representative, Nigeria, The Banker Magazine, Financial Times, London, United Kingdom, Mr. Kunle Ogedengbe, the magazine noted in its 2011 January edition, which will also be distributed at the World Economic Forum, Davos, Switzerland, that in the last 18 months that Sanusi has been in office, he has salvaged a crumbling Nigerian financial sector, including implementing reforms that have put Africa’s most promising market back on the map for investors globally.

Editor of the magazine, Mr. Brian Caplen, noted that few candidate names can generate an overall consensus on judging panels and yet, when it came to finding the best global central bank governor of the year, Sanusi was chosen unanimously.

Caplen stresses that Sanusi embarked on a radical anti-corruption campaign aimed at saving 24 banks on the brink of collapse and pressed for the managers involved in the most blatant cases of corruption to be charged and, in the case of two senior bankers, convicted.

Despite the big challenge of facing up to powerful people who held considerable sway in the country, Sanusi never looked back and got the support of the public as they were made aware of the scale of corruption, which made the public to support the change he promoted.

Two months into his governorship, Sanusi embarked on the bailout of Afribank, Intercontinental Bank, Union Bank, Oceanic Bank and Finbank and dismissed their chief executive officers in a move designed to show that banking is no longer business as usual but institutions that must serve the economy as a whole.
Another key reform of the banking sector introduced by Sanusi has been to limit the tenure of bank CEOs to a maximum of 10 years. They will have to leave office at the end of their term regardless of their record. This policy has already led to change of leadership at UBA, Zenith and Skye banks.

Caplen added that the reforms initiated by Sanusi have been hailed as necessary to sanitise the banking industry and that observers have argued that, had these reforms not been initiated, Nigeria would have entered into another round of banking distress.
The implementation of stricter disclosure policy by the Central Bank of Nigeria has also led to a culture of greater transparency in the sector, he said.
The magazine noted that the reforms of Sanusi are to enhance the quality of the Nigerian banks, establish financial stability in the system, provide enabling and healthy financial-sector evolution as well as ensuring that the financial sector contributes to the real sector rather than just serving the banking sector alone.


http://www.ngrguardiannews.com/index.php?option=com_content&view=article&id=34620:sanusi-bags-fts-global-awards&catid=31:business&Itemid=562

Great!

All the haters can shut their stinking mouth now.

He doesn't  have P. hD ( I don't know where they got this idea that only phds can perform)

He studied Islamic studies (large portion of hatred is actually connected to this fact)

He is almajiri

He is Fulani

Blah blah blah blah blah blah  

Now we can discuss issues instead of silly prejudices

I wasn't expecting anything less than this for SLS. He's performed and has proved to be a shining star in the gloom of government we currently have today. This should at least shut the traps of religious and ethnic bigots for the time being!

remind me, didn't soludo get same award then,haba, until sanusi leaves we ant saying nothing

great and congrat

renaissance mercenaries professionals and nl's army of tribalists, take that and shove it 

Despite the big challenge of facing up to powerful people who held considerable sway in the country, Sanusi never looked back and got the support of the public as they were made aware of the scale of corruption, which made the public to support the change he promoted.

which public support sef , going by the rantings of the financial illiterate tribalist teeny boppers on nl

not a record breaker,Soludo was almost getting awards every quater of the year in his days as CBN governor,so lets wait till he steps aside for the next chap

oyb:

renaissance mercenaries professionals and nl's army of tribalists, take that and shove it

which public support sef , going by the rantings of the financial illiterate tribalist teeny boppers on nl

Imagine over 70 views, yet 7 comments.

This is not a good news for the tribalists. I have always suspected southerners are more tribalistic, now I am convinced.

^ will u sharap dia akamu or whatever ur dumb name is.

Na today? Ask Soludo. Even Erastus, Cecilia and Ovia dem sef get 'big-name' awards.

Kudos to SLS.

do we have more than one CBN gov'nors? _{just sayin}

and where is the award for electricity? that one we no fit because no bi talk talk.

Congrats

Good for him, he is my man of the year too

Think he deserves it

2sleek2NV:

do we have more than one CBN gov'nors? _{just sayin}

The awards are the Central Bank Governor of the Year for the entire world and that of the African continent.


Congrats, SLS. Maybe the detractors would bury hatchets and work with him for the nations common good from now on.

Soludo did very well in his days at the CBN and now Sanusi is actually consolidating and making sure we don't go back to the pre-Soludo's era when banks mushroomed all over the place and where failing as fast as they sprang up. They are both men of vision and courage, so, they both deserve the recognitions they got. Theirs are the best appointments made by both OBJ and UMYA.
Congrats, Sanusi. Carry on with the good work.

2sleek2NV:

do we have more than one CBN gov'nors? _{just sayin}

trueword:

Sanusi bags FT’s global awards
Thursday, 06 January 2011


THE renowned global financial intelliegence magazine- The Banker, a publication of the Financial Times of London, has conferred on the Governor ofCentral Bank of Nigeria, Mallam Sanusi Lamido Sanusi, double awards.
The awards are the Central Bank Governor of the Year for the entire world and that of the African continent.

According to a release signed by the Country Representative, Nigeria, The Banker Magazine, Financial Times, London, United Kingdom, Mr. Kunle Ogedengbe, the magazine noted in its 2011 January edition, which will also be distributed at the World Economic Forum, Davos, Switzerland, that in the last 18 months that Sanusi has been in office, he has salvaged a crumbling Nigerian financial sector, including implementing reforms that have put Africa’s most promising market back on the map for investors globally.

Editor of the magazine, Mr. Brian Caplen, noted that few candidate names can generate an overall consensus on judging panels and yet, when it came to finding the best global central bank governor of the year, Sanusi was chosen unanimously.

Caplen stresses that Sanusi embarked on a radical anti-corruption campaign aimed at saving 24 banks on the brink of collapse and pressed for the managers involved in the most blatant cases of corruption to be charged and, in the case of two senior bankers, convicted.

Despite the big challenge of facing up to powerful people who held considerable sway in the country, Sanusi never looked back and got the support of the public as they were made aware of the scale of corruption, which made the public to support the change he promoted.

Two months into his governorship, Sanusi embarked on the bailout of Afribank, Intercontinental Bank, Union Bank, Oceanic Bank and Finbank and dismissed their chief executive officers in a move designed to show that banking is no longer business as usual but institutions that must serve the economy as a whole.
Another key reform of the banking sector introduced by Sanusi has been to limit the tenure of bank CEOs to a maximum of 10 years. They will have to leave office at the end of their term regardless of their record. This policy has already led to change of leadership at UBA, Zenith and Skye banks.

Caplen added that the reforms initiated by Sanusi have been hailed as necessary to sanitise the banking industry and that observers have argued that, had these reforms not been initiated, Nigeria would have entered into another round of banking distress.
The implementation of stricter disclosure policy by the Central Bank of Nigeria has also led to a culture of greater transparency in the sector, he said.
The magazine noted that the reforms of Sanusi are to enhance the quality of the Nigerian banks, establish financial stability in the system, provide enabling and healthy financial-sector evolution as well as ensuring that the financial sector contributes to the real sector rather than just serving the banking sector alone.


http://www.ngrguardiannews.com/index.php?option=com_content&view=article&id=34620:sanusi-bags-fts-global-awards&catid=31:business&Itemid=562

Every country has a CB governor. SLS was adjudged the best among all the CB governors in the world for 2010. I hope you get it now.

2sleek2NV:

do we have more than one CBN gov'nors? _{just sayin}

olodo d award is for GLOBAL CB GOVERNORS!

Congrats.

SHEAU:

olodo d award is for GLOBAL CB GOVERNORS!

"Sanusi Presented With Cb[b]n[/b] Governor Of Year Award"
whats the n for? hmm ,

hmmmm, that's a gud one for sanusi. i'm impressed

What is the fuss about this award

They gave it to him out of pity, no one cares about the award


Dont tell me that Sanusi is better than Timothy Franz Geithner

fstrangest:

What is the fuss about this award

They gave it to him out of pity, no one cares about the award


Dont tell me that Sanusi is better than Timothy Franz Geithner

Ben Bernanke you meant
Geithner is the treasury secretary so invalid comparison

^^^ Yeah sorry!

I meant Ben Shalom Bernanke

Thanks for the correction!

People mistake nairaland ranting to equate it what is obtainable in the real public spheres. during the sanusi cleansing storm, most Nigerians on the street were in full support of the eye opener and revealing secrets that were laid bare .offcourse not everyone will be happy about what he did due to some personal gains. how come Sanusi won it and suddenly it is a now a northern thing when countless of southerners also have loads of international awards to also show for it. Is Sanusi not the Silverbird man of the year and was it not Nigerians who voted for him ( Maybe you will say the north were responsible for that feat). The main fact is that the man deserved the award for his bravery in taking on the decaying banking problem head on. very soon this achievement will be polarized on political and sentimental grounds, very typical of nairaland.

yomola:

Good for him,  he is my man of the year too

dappssee:

Great!

mekoyo:

Congrats

jay4lyf:

hmmmm, that's a gud one for sanusi. i'm impressed

Exactly the kind of replies we were meant and supposed to see on a thread like this and not the other way round.

Congrats Sanusi for gaining the recognition and respect of the world.

fstrangest:

What is the fuss about this award

They gave it to him out of pity, no one cares about the award


Dont tell me that Sanusi is better than Timothy Franz Geithner

Please get your facts right, and don't misinform Nairalanders.   Timothy Franz Geithner is the US Treasury Secretary which is the equivalent of our Finance minister.   The US equivalent of a Central Bank Governor is the Chairman of the US Federal Reserve Bank who is currently Mr Ben Bernanke.    Finally Timothy Franz Geithner filed incorrect returns on his tax returns from 2001 to 2004 and later claimed he was 'careless'.  The full details are on this link

http://en.wikipedia.org/wiki/Timothy_Geithner#Personal_tax_issues

I trust this clarifies matters.

fstrangest:

What is the fuss about this award

They gave it to him out of pity, no one cares about the award
Dont tell me that Sanusi is better than Timothy Franz Geithner

Bernanke my foot. If he were that good, how come the US senate invited Sanusi to learn how he dealt with the thieves in the Nigerian Banking sector. It's the height of Ignorance for anyone to assme that Bernanke outperformed Sanusi in 2010. Thank God The Banker of owned by FT is not a Nigerian outfit. People like you would have said that he bribed them to get the award. Pshewwww

fstrangest:

^^^ Yeah sorry!

I meant Ben Shalom Bernanke

Thanks for the correction!

Correction noted.  However you would have to look for a better comparison than Mr Bernanke who said in 2007, that the subprime crisis was contained and that there would be no recession in the US.  The same man who believes that printing money is the solution to the US financial crisis and lied  on the 60 minutes TV show that he was not printing money!   Pleaseeeeeee.    Here is the link.  http://www.marketoracle.co.uk/Article24874.html

oyb:

renaissance mercenaries professionals and nl's army of tribalists, take that and shove it 

which public support sef , going by the rantings of the financial illiterate tribalist teeny boppers on nl

Indeed. Sickening how some Nigerians deliberately fail to acknowledge the success and achievements of other Nigerians merely because they are not from their ethnic group.

Well done SLS. A great and[b] pro-people [/b] CBN Governor . Your success is Nigeria's success also.