{UAH} Former Nigerian Central Bank Head Joins Blackstone Africa Fund - WSJ

Lamido Sanusi, Nigeria's ousted central-bank governor, will head up Blackstone's sub-Saharan Africa energy infrastructure fund, the giant private-equity firm has revealed.

Sanusi was considered an astute and charismatic central-bank governor for Africa's biggest economy and oil producer, but he was suspended early last year after he raised concerns that the national petroleum company was either losing or stealing billions in oil revenue that should be ending up in state coffers. He remained suspended until his term ran out and the current central banker, Godwin Emefiele, replaced him in June 2014.

Sanusi has long kept a foot in two worlds in Nigeria. An Islamic scholar who studied theology in Sudan, his opinion is sought by the country's Muslims in matters of Sharia law: Sanusi argues the 7th century Islamic code cannot be applied literally to modern affairs. But he's also a widely listened to voice for the country's largely Christian business elite, and for investors hoping to tap Nigeria's 177 million person market.

http://www.wsj.com/articles/BL-265B-1967

Brian M. Kwesiga

President and CEO,

Ugandan North American Association - UNAA

972.415.6372 | www.unaa.org | "United We Stand"