June 15, 2009

Sanusi Solicits Support for Good Corporate Governance

By Lucky Fiakpa
The newly appointed governor of the     Central Bank of Nigeria (CBN), Malam  Sanusi Lamido Sanusi, has said that exchange of ideas and critical analysis of the banking industry are critical tools in the sustenance of good corporate governance.

CBN Governor

CBN Governor

Sanusi said this at a book presentation: “Beyond the Banking Hall,” written by Alhaji Kabir Dangogo, on Thursday in Lagos.

The governor, who was represented by an Assistant Director in the CBN, Mr Abayomi Atoloye, urged the financial services sector to overhaul their communication strategies for a sustainable economic growth. He commended Dangogo for his efforts toward engendering growth and transparency in the nation’s banking industry and urged the media to support the campaign of the CBN for the internalisation of good corporate governance.

Earlier, chairman of the occasion, Mr. Abayomi Jayeola, said that the book was the first attempt to showcase the need for effective and sustainable communication in the banking industry.

Dangogo, Jayeola said, had in a subtle manner challenged executive management on the importance of communication between the internal and external public of the bank. “The book, to a large extent, has brought to the fore that reputation management is a very crucial component in modern corporate governance,” he said.

According to him, the selling point of the book remains the approach which is academic and professional.
Mr Frank Aigbogun, the Publisher of BusinessDay Newspapers, said the book was an attestation of the new but silent approach by Nigerians to domesticate knowledge and bring contemporary issues closer to Nigerians.

According to him, the lucid approach of the author in the book also demonstrated the poor appreciation of Nigerian managers and entrepreneurs of the role of communication in business development.

In his response, Dangogo said that the book was the fallout of challenges by his seniors and contemporaries in the banking industry. Besides, he said the challenges of managing information in the financial industry made it imperative.