Meet Umaru Mutallab; seasoned banker, 2-times minister,15th richest man in Nigeria from Katsina
Alhaji Umaru Abdul Mutallab is a Nigerian business mogul. He was ranked the 15th richest man in Nigeria in 2015.
Alhaji Umaru Mutallab was born on the 15th of December, 1939 in Katsina Town, Northern Nigeria. His father was an officer with the Funtua works department. He attended the Barewa College Zaria and went on to Achimota College in Accra Ghana. He also went to the South West London College in England. He is a recipient of an honorary doctorate degree from Obafemi Awolowo University, Ile-Ife.
Rise to Prominence
Alhaji Umaru Abdul Mutallab is one man who steadfastly worked his way up the ranks and earned his fortune. He started his rise to prominence working as a clerk with Pannell, Fitzpatrick, and company in Kaduna. At some point, he traveled outside Nigeria to complete his education. When he returned to Nigeria in 1968 he was appointed the Chief Accountant of the Defense Industries Corporation of Nigeria. Three years later he became the financial controller of the New Nigerian Development Company in Kaduna and then 8in 1975 he was promoted to the position of General Manager.
Alhaji Umaru Abdul Mutallab was also once a Federal Commissioner of Economic Development in 1975. He, however, did not hold the position for long as he was deposed following the failed military coup d’état. One year later he was occupying the position of member of the country’s Federal Executive Council, a position which he held from 1976 to 1978. Soon after he became the Executive Deputy Chairman of the United Bank for Africa. And all in one year he rose through the rank of Managing Director up to CEO.
Alhaji Umaru Abdul Mutallab is indeed one man who has occupied the leadership position of many prominent organizations. He once served as the Chairman of the First Bank of Nigeria between 1999 and 2009. He also served on the boards of many companies like National Electric Power Authority (NEPA), Arewa Textile Limited, the National Communications Commission (NCC), NACB, Agip Oil and also the Cement Company of Nigeria. Likewise, he was the chairman of many companies like The Spring Waters Nigeria Limited (SWAN), in Kerang, Plateau, Northcentral Nigeria, Incar Nigeria Plc, and Impressit Bakolori Plc. He is also the chairman of the Business Working Group of Nigeria’s Vision 20:2020. In the same vein, he is the president of Barewa College’s Old Boys Association and is a fellow of both the FCCA and FCA.
All of his hard work has not gone unnoticed either; he is a recipient of the national honor of Commander of the Order of the Niger (CON). And in 2015 he ranked 15 on the list of richest men in Nigeria.