Women to get 30% board positions in banks from 2014 - Sanusi


Lamido Sanusi, the CBN Governor has said as from 2014, 30 per cent of board of di rectors of banks will be women, while banks have been compelled to publish position allocated to women and men in their organisations.
Presenting a keynote address at the 2013 Isaac Moghalu Foundation leadership lecture and symposium in Abuja, on Thursday, the CBN governor, Mallam Lamido Sanusi, who spoke on the theme “Women in leadership, the education pipeline,” lamented that women were being marginalised in so many areas in Nigeria.

Talking specifically on the issue of access to bank loan by women, the apex bank governor said women had been marginalised, as the creditors required landed property as a form of collateral for getting  loan which, he said, only the men were able to provide.

To ensure that lots of women were improved, Mallam Sanusi stressed the  need to have women in leadership position, while disclosing that another form of collateral had been designed to take care of women seeking loan.

He, however, said the feat of having many women in leadership position might be difficult to achieve at the present moment, because of the low level of women education, stressing that if one woman was in leadership position, millions of women, particularly in the rural areas, were there.
Citing the example of CBN, Mallam Sanusi said when the apex bank was 50 years in 2009, only four women were in the directorate position at the bank, disclosing that now, about eight women were in the directorate positions.

The apex bank boss said it was the gender sensitivity of the CBN that informed the appointment of a woman as the director of Consumer Protection in banks.

Faulting the huge budgetary expenditures on security, Mallam Sanusi, who advocated more budgetary provisions for education, stated that there could not be any security if women were uneducated.
He said the appointment yielded positive dividends for the CBN, as it was able to apprehend some banks for defrauding their customers, while it recovered N6 billion which it handed over to the affected customers.
Mallam Sanusi said a policy, designed to have more women in the position of authorities, had been put in place in banks, adding that from 2014, 30 per cent of people in the board of banks must be women.
Earlier, in her welcome address, the Executive Director, Isaac Moghalu Foundation, Mrs Maryanne Moghalu, disclosed that the foundation, as part of its briefs, was to focus on human capital development, vocational training and host of other activities.
Culled from TheTribune

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