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Alhaji Umaru Abdul Mutallab (born 15 December 1939) is a Nigerian businessman and financier, who served under the military government of General Murtala Mohammed and Olusegun Obasanjo.
Mutallab was described by The New York Times as "among Nigeria's richest and most prominent men", "Terror Inquiry Looks at Suspect’s Time in Britain", The New York Times, 29 December 2009. Retrieved 30 December 2009 by The Telegraph as being "one of Nigeria's most prominent bankers", Rayner, Gordon, "Detroit terror attack: timeline", The Telegraph, 30 December 2009. Retrieved 30 December 2009 and by The Guardian as being "one of the country's most respected businessmen". "Rich and privileged – the gilded life of would-be plane bomber," The Guardian, 27 December 2009. Retrieved 29 December 2009
His son, Umar Farouk Abdulmutallab (the Christmas bomber) attempted to detonate plastic explosives aboard Northwest Airlines Flight 253 on 25 December 2009 and is currently serving four life term sentences plus 50 years without parole at ADX Florence, a Supermax prison in the United States.
He then travelled for further studies, returning to Nigeria in 1968, when he was appointed Chief Accountant of the Defence Industries Corporation of Nigeria. In 1971, he became the financial controller of the New Nigerian Development Company in Kaduna, before becoming the companies general manager in 1975.
Mutallab served as a government minister under General Murtala Mohammed and General Olusegun Obasanjo between 1975 and 1978. New African development, Volume 11, International Communications, African Development Magazine Ltd., 1977 First as Federal Commissioner ( i.e., Minister) of Economic Development (1975), Africa, Issues 41–52, Africa Journal Ltd., 1975 he was relieved of the position after the 1976 military coup d'état attempt that led to the death of General Murtala Mohammed.Seye Kehinde. (22 January 1990). Umaru Mutallab: Man of Figures. ThisWeek, P. 29. However, he was later named the new Minister of Cooperatives and Supplies (1976). Leadership in Nigeria (to date): an analysis, C.A.N. Publicity, Northern Zone
In 1978, he left the cabinet West Africa, West Africa Pub. Co., ltd., 1982 and was made executive vice-chairman, managing director, and CEO of the United Bank for Africa (UBA). Sub-Saharan Africa report, Issues 2757–2760 , p. 36, United States. Foreign Broadcast Information Service, 1983 He held the office until 1988, and was a major financier of the 1979 presidential election, Ife social sciences review, Volumes 6–8, University of Ife, Faculty of Social Sciences, Obafemi Awolowo University, Faculty of Social Sciences, 1983, accessed 29 December 2009 which brought the National Party of Nigeria to power in the Second Republic led by President Shehu Shagari. Newswatch, Volume 6, p. 27, Newswatch Communications Ltd., 1987, accessed 29 December 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,
From 1999 to 2009, he was the chairman of First Bank of Nigeria Plc, Nigeria's oldest and largest bank. Newswatch, Volume 41, Issues 15–25, p. 38, Newswatch Communications Ltd., 2005 In 2009 was he chairman of several companies, including Impresit Bakolori Plc, Incar Nigeria Plc, and Spring Waters Nigeria Limited (SWAN). "Mutallab, First Bank chairman retires", Champion Newspaper, 16 December 2009, accessed 29 December 2009 He is the major shareholder in Barade Holdings and Barumark Investment and Development Company.
Muttalab played a major role in introducing Islamic banking into Nigeria, and he is the 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 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.
Mutallab reported to two CIA officers at the US Embassy in Abuja, Nigeria, on 19 November 2009, regarding his son's "extreme religious views", and told the embassy that he might be in Yemen. His son's name was added in November 2009 to the US's 550,000-name Terrorist Identities Datamart Environment, a database of the US National Counterterrorism Center.
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Categories: 1939 Births, Living People, Federal Ministers Of Nigeria, Nigerian Bankers, Nigerian Economists, Nigerian Accountants, Nigerian Muslims, People From Katsina, Commanders Of The Order Of The Niger, Commanders Of The Order Of Merit Of The Italian Republic, Barewa College Alumni, Alumni Of Achimota School, Nigerian Financiers, Nigerian Chairpersons Of Corporations
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