Lamido Sanusi, The Emir of Kano and former Governor of the Nigerian Central Bank will join the board of Black Rhino as its Chairman, according to a statement on the energy infrastructure project developer’s website. He joins the firm following a distinguished 25-year career in banking.
In a statement, Brian Herlihy, Black Rhino’s Founder and CEO said “One can scarcely imagine a stronger addition to the Black Rhino Board. The Emir has unparalleled insights into Africa’s regional and local socio-economic development needs and the role that power and infrastructure development can play.”
Mr. Sanusi was suspended as Governor of the country’s Central Bank in 2014, after he raised concerns that the national petroleum company’s revenues were being either lost or stolen and failing to make it into the state coffers. He began his career in 1985 at ICON Merchant Bank, before moving on to hold senior positions at United Bank of African and First Bank.
“We live in a time of intense competition for capital and I do hope that by joining the Board I can play some part in bringing some of that capital nearer to home.” the press release quotes Mr. Sanusi as saying.
Mr.Sanusi was tapped to lead the Nigerian Central Bank in 2009, in the midst of the global financial crisis and, as the Wall Street Journal reports, (http://on.wsj.com/1GjDTt4) was considered to be an astute and charismatics central bank governor. He was appointed Emir of Kano, the second highest Muslim authority in Nigeria in June 2014.