Alhaji (Dr) Umaru Mutallab
Alhaji (Dr.) Umaru Mutallab
Born: 15 December 1939 Katsina Town, Nigeria
Residence: Funtua, Katsina State
Alma mater: Barewa College, Zaria; Achimota College, Accra, Ghana; and South West London College, London.
Awards: Nigerian Commander of the Order of the Niger (CON); Italian Commander of the Order of Merit.
Alhaji Umaru Abdul Mutallab (born 15 December 1939) is a Nigerian business and banking leader, and former minister of Economic Development under the military government of Murtala Mohammed. He played a major role in introducing Islamic banking into Nigeria. Mutallab was described by The New York Times as "among Nigeria's richest and most prominent men," by The Telegraph as being "one of Nigeria's most prominent bankers", and by The Guardian as being "one of the country's most respected businessmen".
Mutallab was born to the family of Abdul Mutallab Barade, an officer in the Funtua Works Dept. He lives in Funtua, in Katsina State.
He attended Barewa College, Zaria, Achimota College, Accra, Ghana, and the South West London College, London. He was awarded an honorary doctoral degree by the Obafemi Awolowo University, Ile-Ife.
After completing his school certificate examinations in December 1959, the following January, Mutallab began work as a clerk with the firm of Pannell, Fitzpatrick and Company, Kaduna. He then traveled for further studies, returning to Nigeria in 1968, when he was appointed Chief Accountant of the Defense Industries Corporation of Nigeria. In 1971, he became the financial controller of the New Nigerian Development Company, Kaduna, before becoming the firm's General Manager in 1975. Mutallab was a Federal Commissioner (i.e., Minister) of Economic Development (1975), he was relieved of the position after the failed military coup that led to the death of Murtala Mohammed. However, he was later named the new Minister of Cooperatives and Supplies (1976). He was later a member of Nigeria's Federal Executive Council (1976–78). He left to serve as Executive vice-chairman, managing director, and CEO of the United Bank for Africa (UBA) (1978–88).
He is the former Chairman of Nigeria's oldest and largest bank, First Bank of Nigeria Plc (1999–2009). Mutallab has also served on the boards of directors of several companies, including Arewa Textile Limited, NEPA, NACB, NCC, Nigeria Agip Oil, and Cement Company of Nigeria, and in 2009 was Chairman of several companies, including Impressit Bakolori Plc, Incar Nigeria Plc, and Spring Waters Nigeria Limited (SWAN). He is chairman of the Nigeria's first Islamic bank, Jaiz Bank International Plc, which was established in 2003.
Mutallab is chairman of the Business Working Group of the Vision 20:2020 Committee in Nigeria, and president of the Old Boys Association of Barewa College. He is a Fellow of both the Association of Chartered Certified Accountants (FCCA) and the Institute of Chartered Accountants of Nigeria (FCA).
Mutallab was awarded the title of Commander of the Order of the Niger, one of Nigeria's highest honours.