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Dethroned Emir of Kano, Muhammad Sanusi II Biography And Net Worth

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Muhammadu Sanusi II (born Sanusi Lamido Sanusi on 31 July, 1961) was the 14th Emir of Kano from the Fulani Sullubawa clan. He ascended the throne in 2014, following the death of his great uncle Ado Bayero I. On 9 March 2020, he was deposed by Governor Abdullahi Ganduje.
Muhammadu Sanusi II

Emir of Kano
Reign 8 June 2014 – 9 March 2020
Coronation 7 February 2015
Predecessor Ado Bayero I
Successor Ado Bayero II
Born 31 July 1961 (age 58)
Kano, Northern Region, Federation of Nigeria
Spouse See
Sadiya Ado Bayero
Maryam
Rakiya
Sa’adatu Musdafa
Issue See
Aminu
Shaheeda
Saddiqa
Saliha
Ashraf
Muhammad Sanusi
Khadija
Aisha
Husna
Maryam
Muhammad Inuwa
Full name
Sanusi Lamido Sanusi
Regnal name
Muhammad Sanusi II
House Dabo
Father Aminu Sanusi
Mother Saudatu Hussain
Religion Sunni Islam
Prior to his accession, Sanusi was an economist and banker. He served as the Governor of the Central Bank of Nigeria from 2009 to 2014, when he was suspended by President Goodluck Jonathan after raising the alarm on the US$20 billion NNPC scandal.[4]

Early life
Family

Sanusi was born on 31 July 1961 in Kano to a ruling class Fulani family of the Sullubawa clan. His father, Aminu Sanusi, was a career diplomat who served as the Nigerian Ambassador to Belgium, China and Canada, and later served as the permanent secretary of the Ministry of Foreign Affairs. He was also the Chiroma of Kano. His grandfather, Muhammadu Sanusi I, was the 11th Emir of Kano from 1953 until 1963, when he was deposed by his cousin Sir Ahmadu Bello.

Education

Sanusi was educated at King’s College, Lagos, where he graduated in 1977. He then proceeded to Ahmadu Bello University in Zaria, where he received a bachelor’s degree in economics in 1981. He later received a masters degree in economics two years later from the university and lectured at the faculty.
Banking career
Early career
In 1985, Sanusi was hired by Icon Limited (a subsidiary of Morgan Guaranty Trust) and Barings Bank. In 1997, he joined the United Bank for Africa, working in the credit and risk management division. He rose through the ranks to the position of general manager. In 2005, Sanusi became a board member and executive director in charge of risk and management control at First Bank of Nigeria. First Bank is Nigeria’s oldest bank, and one of Africa’s largest financial institutions. In January 2009, he was appointed CEO. Sanusi was the first northern Nigerian to head the bank.
On 1 June 2009, Sanusi was nominated as governor of the Central Bank of Nigeria by President Umaru Musa Yar’Adua; his appointment was confirmed by the Nigerian Senate on 3 June 2009, during a global financial crisis.
Central Bank of Nigeria
Sanusi Lamido Sanusi
Governor of the Central Bank of Nigeria
In office
3 June 2009 – 20 February 2014
President Umaru Yar’Adua
Goodluck Jonathan
Preceded by Charles Soludo
Succeeded by Sarah Alade

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Sanusi in Davos at the 2013 World Economic Forum
Sanusi’s tenure initiated several extensive banking reforms. The reforms were built around four pillars: enhancing the quality of banks, establishing financial stability, enabling healthy financial sector evolution and ensuring that the financial sector contributes to the real economy. Sanusi said that the crash in the capital market was due to financial illiteracy on the part of Nigerian investors.
He led the central bank in rescuing top tier banks with ₦400 billion of public money and dismissed their chief executives. He also introduced a consolidation process which reduced the number of Nigerian banks through merger and acquisitions, in a bid to make them stronger and more accountable to depositors. He also advised the government to increase the level of investment in infrastructure.
His reforms received both criticism and appraisal from the industry. Sanusi has spoken at a number of distinguished international events. The Banker recognised him as the 2010 Central Bank Governor of the Year, for his reforms and leading an radical anti-corruption campaign in the sector. Sanusi is recognised in the banking industry for his contribution to a risk management culture in Nigerian banking.
Suspension
In 2014, after raising the alarm on the US$20 billion NNPC scandal, Sanusi was suspended by President Goodluck Jonathan.

Emir of Kano

Accession

Sanusi was selected to succeed his granduncle, Ado Bayero, as the Emir of Kano on 8 June 2014. His appointment was controversial, with some believing that it was a politically-motivated move to avoid fraud charges from his tenure at the central bank. Many expected Bayero’s son to succeed him as emir, and protested Sanusi’s appointment. He was crowned Emir Muhammadu Sanusi II on 9 June 2014, the 14th Emir of Kano and leader of the Tijaniyya Sufi order, the second-most-important Muslim position in Nigeria after the Sultan of Sokoto, leader of the larger Qadiriyya Sufi order.

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2014 Kano bombing

Main article: 2014 Kano bombing
In November 2014, after Sanusi urged his followers to fight Boko Haram, the Great Mosque of Kano was bombed, with over 150 casualties. In December 2014, Boko Haram leader Abubakar Shekau accused Sanusi of deviating from Islam and threatened his life. Sanusi replied that he is “safe with Allah”, and likened Shekau’s extremist comments (describing Sufis as unbelievers) to those of the heretical Islamic preacher Maitatsine.

Socio-political views

Sanusi has been criticised by conservatives in Northern Nigeria for making several comments on socio-political issues impacting the region. He has called for an end to child marriage, building more schools instead of mosques, and infrastructural development. Sanusi has called for population planning, and has said that polygamy is increasing poverty in the region. Sanusi has also advocated for eugenics to solve the almajiri issue.
Clash with state government
During his reign, Sanusi spoke out on government policies, breaking with royal tradition. He criticised the government of misplaced priorities. In 2017, the emirate council was under investigation for corruption. Many saw this as retribution over comments he made. The investigation was later called off by the state legislature following intervention by the ruling class. In 2019, Governor Abdullahi Umar Ganduje signed into law the creation of four new emirates. This unprecedented move saw Sanusi’s traditional domain as emir reduced. According to the law, Sanusi will only preside over 10 local government areas out of the 44 in the state. In March 2020, the state legislature launched a new investigation on Sanusi for violation of traditional practices, this was coming after a high court ruling restraining the corruption investigation against Sanusi.

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Deposition


On 9 March 2020, Sanusi was deposed by Governor Abdullahi Ganduje. Sanusi was in his private residence in Gidan Rumfa when he learnt of his deposition, while awaiting for state officials to formally serve him the deposition letter a contingent of police, military, and security operatives stormed the palace.
Sanusi was later informed of his exile from Kano to Nasarawa State. Initially wanting to serve his exile in Lagos with his family, his request was denied and was later escorted out of the palace under heavy guard to a military air base. He was then flown to Abuja, en-route to Loko in Nassarawa. On 10 March, he was relocated from Loko via police helicopter to Awe a remote local government area in the state. His lawyers subsequently announced they are going to challenge his arbitrary exile in court.
In a video, Sanusi accepted his deposition as a divine act and urged his supporters to remain calm and avoid bloodshed. He also urged them to declare bay’ah to his successor Aminu Ado Bayero, and stated “It is a thing of pride that made us to rule and end in the same fashion as the Khalifa,” in reference to his grandfather Muhammadu Sanusi I, who also deposed and exiled in 1963.

Sanusi’s net worth

His net worth is not yet revealed but what we know is that he is very wealthy.

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Akinola
Akinola
Akinola Olusegun is a blogger and publisher of this blog, money247.com.ng. You can also check out his other blogs : segtv.com.ng (videos & news), letgoonline.com.ng (e-commerce), letgoonline.com.ng/blog (news) among others. Follow him via any or all of his social media pages to get fresh posts update.
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