Lamido Sanusi is a very brilliant man. He writes the English language with remarkable authority, and even speaks it better.

This could however be both an asset and a liability. Too much love of ‘grammar’ could lead to an undue love for the podium and limelight, with attendant risks of gaffes in moments of rhetorical flourishes.

Central Bank Governors are thought to possess so much crucial information about their country’s economy that investors and analysts closely monitor their utterances even after they have left office. For instance, when Alan Greenspan, who retired as Chairman of the US Federal Reserve on January 31, 2006, predicted on February 26, 2007 that the US would enter into recession before or in early 2008, the Dow Jones Industrial Average dropped by 416 points (or 3.3% of its value) the following day. At that time, it was the worst one-day loss since September 17, 2001, when it lost 684 points (7.1%) after reopening in the wake of the 9/11 terrorist attacks. Read the rest of this entry »

Tags: Aderemi Oyepeju, Akintola Williams Deloitte, Alan Greenspan, Banking, CBN, Central Bank of Nigeria, Dow Jones Industrial Average, Economic and Financial Crimes Commission, EFCC, Equitorial Trust Bank, ETB, Ibadan Zonal Shareholders Association of Nigeria, KPMG, Lamido Sanusi, Mike Adenuga, Nigeria, Willem "Wim" Frederik Duisenberg