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In June 2011 the Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, spoke at a fundraising dinner organized by the NASB for the IFRS academy.
In June 2009, Stephen Olabisi Onasanya was appointed Group Managing Director and Chief Executive Officer, replacing Sanusi Lamido Sanusi, who had been appointed governor of the Central Bank of Nigeria.
He was appointed Chairman of an ad hoc committee to investigate the controversial closure of Savannah Bank by the Central Bank of Nigeria.
In June 2009 the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) restored the license of the Savannah Bank, in which Jim Nwobodo holds a major stake, in compliance with a February 2009 Appeal Court ruling in Abuja.