The Emir of Kano



Less than a year ago, the most colourful item in Lamido Sanusi’s wardrobe was one of the bow-ties he wore with a pinstripe suit.His coronation as the Emir of Kano means that the former governor of Nigeria’s Central Bank now has a work uniform that consists of a long flowing gown, a white veil to cover his face and shoes of black feathers,

Taking the name Muhammadu Sanusi II, the 14th Emir of Kano now lives in an ancient walled city in northern Nigeria. The emirate is the last vestige of the Caliphate of Sokoto, a huge Islamic empire that included 30 emirates and a population estimated at 10 million in what is now Cameron, Burkina Faso, Niger and northern Nigeria.

The Caliphate crumbled under an invasion by British imperial forces, with the last vizier surrendering in 1903. Britain allowed Kano and its emir to remain under their rule, with the city still remaining an important religious centre.

The current emir is the great nephew of the previous ruler, and was crowned in June. A controversial figure in Nigerian politics, he was suspended as governor of the central bank in February after exposing an alleged US$20 billion fraud committed by associates of the country’s president, Goodluck Jonathan that involved the national oil company. In an attempt at reconciliation, President Jonathan met Sanusi for the first time since the emir’s coronation to mark the end of Ramadan. Despite the ancient traditions and trappings of office, the new emir faces some very modern problems. The Islamist group Boko Haram is active in the area and attempted to assassinate Sanusi’s predecessor in January, killing four body guards.

Last month he was forced to cancel Eid festivities after a church was bombed and a failed attack by a female suicide bomber on a university.

Text by National editor James Langton

Photos by Joe Penney / Reuters

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UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
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COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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