Nigeria’s cen­tral bank gov­er­nor won’t re­new con­tract

The Pak Banker - - COMPANIES/BOSS -

Nigeria’s cen­tral bank Gov­er­nor Lamido Sanusi said he won’t re­new his con­tract when his five- year term ex­pires next year. Sanusi, who has led the bank of Africa’s big­gest oil pro­ducer since June 2009, said it was never his in­ten­tion to stay longer than one term. He was speak­ing in an in­ter­view. Ap­pointed in the midst of a debt cri­sis that threat­ened the col­lapse of the na­tion’s bank­ing sys­tem, Sanusi, 51, fired the chief ex­ec­u­tives of eight lenders within four months of tak­ing of­fice.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.