The background of the would-be airline bomber, Umar Farouk Abdulmutallab, shows some interesting parallels with another name we've heard: Osama Bin Laden.
Just as Bin Laden supposedly cut all ties with his family, so too did Abdulmutallab, or so it's claimed. While reports are that the latter's father is a "well-known banker", the MSM hasn't yet provided any indication of
just how well known:
Source Daily Trust: Idris Ahmed, 14th December 2009
Veteran Chairman of the Board of First Bank Plc Alhaji Umaru Abdul Mutallab formally retired from the position yesterday after serving on the Board for thirteen years. His voluntary retirement was announced at the Board meeting of the bank in Lagos, Daily Trust learnt. He will be 70 years old today. First Bank was yet to announce a successor.
Mutallab was appointed to the Board of First Bank in 1996 and became its Chairman in 1999. He attended Barewa College, Zaria, Achimota College, Accra, Ghana and the South West London College, London. Started his working career in 1965 as Management Accountant with Fuller Jenks Beecroft & Co in London. He also served as Chief Accountant/Acting General Manager, Defence Industries Corporation in Kaduna. He was also the Financial Controller of the company.
He rose to become the General Manager, New Nigeria Development Company Limited (NNDC) from 1968 to 1975. In 1975, he was appointed as Federal Commissioner (i.e. Minister) for Economic Development & Reconstruction and was re-assigned to the Federal Ministry of Cooperatives & Supply in 1976.
Mutallab also served on the boards of several companies such as Arewa Textiles Limited, NEPA, NACB, NCC, Nigeria Agip Oil, and the Cement Company of Northern Nigeria . He is currently Chairman of several companies, including Impresit Bakolori Plc, Incar Nigeria Plc and Spring Waters Nigeria Limited (SWAN). He is also Chairman, Business Support Group of the Vision 202020.
Very lucky for First Bank that Mutallab chose to retire just a week before his son lit up his underwear! As an indication of just how important the bank is in the scheme of things, earlier this year its CEO moved on to take charge of the Central Bank of Nigeria.
Given that Osama Bin Laden's elder brother was an investor in George W. Bush's first business venture, it would be curious to discover whether First Bank holds any common financial interests with key figures of the previous White House administration...