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HomeAfricaNigeria apex bank's chief named World Central Bank Governor for 2010

Nigeria apex bank’s chief named World Central Bank Governor for 2010

Governor of the Central Bank of Nigeria (CBN) Lamido Sanusi has been named the World Central Bank Governor for the 2010 financial year by The Banker, a global financial intelligence magazine published by the influential Financial Times of London.

The Country Representative of the magazine for Nigeria, Mr. Kunle Ogedengbe, said in a statement in Lagos that Sanusi won the award because of his resolve at “salvaging a crumbling financial sector.”

It said in the last 18 months, Mr. Sanusi had implemented series of reforms that had turned around the fortunes of Africa’s second biggest financial market back.

The statement quoted the Editor of the magazine, Mr. Brian Caplen, as saying the CBN governor was unanimously chosen by the panel of judges out of the many candidates, whose names were submitted for the award due to some of his striking qualities.

Caplen listed some of the qualities that earned Sanusi the award as including his radical anti-corruption campaign aimed at saving 24 banks on the brink of collapse, securing convictions of some of their chief executives, pegging the tenure limit of banks’ CEOs at a maximum of 10 years and strict disclosure of financial records in the books of Deposit Money Banks

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