Former Emir of Kano Muhammadu Sanusi II Earns N442 Million from MTN as Telecom Giant Returns to Profit
Muhammadu Sanusi II, the former Emir of Kano, received a total remuneration of N442 million from MTN Group for the 2025 financial year, according to the company's latest disclosures on board compensation. This marks a significant increase from the N412 million he earned in 2024, reflecting improved company performance and the growing importance of board-level oversight in large multinational firms operating in Africa's telecom sector.
Details of Sanusi's Compensation Package
Sanusi, who joined MTN's board as a non-executive director in July 2019, earned approximately R1.82 million (about N148 million) in retainer fees. He also received R1.37 million (around N112 million) for participating in board meetings, along with additional payments tied to strategy engagements and special assignments. Within the company, he plays a crucial role across several key committees, including Risk Management, Finance, and Social Ethics, contributing to oversight of operations and regulatory compliance in major markets such as Nigeria and Ghana.
Sanusi's Corporate Background and Influence
Before ascending the throne, Sanusi built a distinguished career in banking and public service. As governor of the Central Bank of Nigeria from 2009 to 2014, he spearheaded critical reforms following the global financial crisis, helping to stabilize Nigeria's financial system. He also previously served as chief executive officer of First Bank of Nigeria. Beyond his role at MTN, he chairs Black Rhino Management Services Limited and holds multiple directorships across the continent, maintaining strong influence in corporate and economic circles.
Analysts note that Sanusi's experience and corporate influence make him a valuable asset to MTN's board, particularly as the company navigates complex regulatory environments and competitive markets in Africa. His compensation figures reflect the growing value placed on experienced non-executive directors in the telecom industry.
MTN's Financial Rebound and Strategic Outlook
The increase in Sanusi's remuneration coincides with MTN's return to profitability, as highlighted by CEO Karl Toriola. The company reported a 55.1% surge in service revenue, reaching N5.2 trillion in its 2025 audited results, signaling recovery after previous losses driven by foreign exchange challenges. Toriola stated that the 2025 financial year marked a turning point for the business, with a return to profitability and the restoration of positive retained earnings.
Analysts say this recovery further underscores the importance of strong governance and strategic oversight in sustaining corporate growth. MTN has also addressed rising operational costs through tariff adjustments, which the company claims will ensure critical investments in infrastructure and improve services for subscribers.
Sanusi's Ongoing Roles and Activities
In addition to his corporate responsibilities, Sanusi continues to serve as a respected traditional and religious leader in Northern Nigeria and is a prominent member of the Tijaniyya Sufi Order. He is currently studying Law at Northwest University, balancing his academic pursuits with his professional and community engagements. This multifaceted role highlights his enduring influence in both corporate and cultural spheres.
The latest remuneration data from MTN not only showcases Sanusi's earning power but also reflects broader trends in corporate governance and compensation in Africa's telecom industry. As MTN strengthens its financial position, the role of experienced directors like Sanusi is likely to remain critical in guiding the company's strategic direction and ensuring regulatory compliance across its operations.
