Six Possible Candidates To Replace Sanusi, CBN Governor By 2014

Sanusi-LamidoBy June 2014 the Central Bank of Nigeria governor’s seat will be vacant and a new individual will have to replace Sanusi. There have been some speculations about who will be the next CBN Governor and about six people have be speculated, anyone out of the six will likely be the Governor.

They have been group into two categories, 3 outsiders and 3 insiders. The 3 outsiders include, Mr. Aigboje Aig-Imoukhuede, the General Managing Director and Chief Executive officer of Access Bank. He has spent about 10 years in GTB and he resigned to join Access bank . His mandate was to transform the bank and he has been able to achieve that to a level. Access bank in now the 4th largest bank in Nigeria in 8 years.

2nd outsider is, Mr. Bisi Onasanya, the Managing director and the CEO of First Bank of Nigeria (FBN). He has been with FBN since 1994 and he is also the founding MD/CEO of First Pension Custodian Nigeria Limited, a subsidiary of FBN Holdings Plc

The 3rd person is Mr. Mustafa Chike-Obi, the head of Asset Management Corporation of Nigeria (AMCON). He played a huge role in stabilizing banking crises way back in 2009 that almost led to the collapse of the financial sector.

Coming to the insiders,  we have Dr. Sarah Alade, the Deputy Governor, Economic Policy CBN since 2007. She started working for CBN since 1993 and has worked in various department that exist in CBN.

The number two from the insider is, Dr. Kingsley Moghalu, the Deputy Governor, Financial System StabilityCBN since 2009. He helped enhance the quality and Stability of banks and other financial institutions.

Last but not the least is Mr Tunde Lemo, Deputy Governor Operations Directorate CBN since 2004. He is an experienced and versatile public officer and financial manager. He was once the MD/CEO of Wema bank  Plc between 2000 and 2003 which resulted in the growth of the company and made it one of the top 10 most profitable commercial banks.

Let’s keep our fingers cross and expect that the best candidate will be selected to succeed Sanusi come 2014.


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