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Lamido Sanusi Reforming Banking System

Lamido Sanusi Reforming Banking System


Lamido Sanusi Central Bank governor of Nigeria uttered that he has no qualms over contentious unexpected result and improvement in the banking system. Mr Sanusi main purpose was to save banks and for that, such crucial step is essential. He fired five banks superiors.

This reform has stunned the financial sector of Nigeria. In china shop, he is named as the most unpopular man in Nigeria as his choice of approach is compared to a bull. Mr Sanusi uttered saying if action needs to be done and the approach is crucial and influential then it has to be done in such a manner that can provide maximum possibility of victory. This main aim is to reconstruct faith in economy. He added saying investors invest their money in Ghana, Angola, South Africa, and Egypt not because those countries have greater prospect but because they do not trust Nigerian system. Therefore, it is essential to rebuild the trust and be performer of global phase. After his selection, he dismissed five main banking executives drained over 400bn naira in the financial system. His campaign against fraud and mismanagement in banking system impressed many influential financers.


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