Soludo was criticized for not revealing the true state of the banks at the time, but all those criticism came after he left office and we all remember how the banks developed when he was in charge and thousands of micro-finance institutions too. But Sanusi on the other hand, promised a cashless thing i no longer understand, willingly donates public funds to his kinsmen, reduced banks and the jobs they create, closed so many micro-finance banks and the jobs there, even advising government to reduce jobs when they [govt] are trying to create more jobs, so i ask again, is Sanusi still better than Soludo?

Soludo >>> Sanusi

Sanusi.has neva bin better than Soludo.he his just a confused fellow

As a masters degree holder, I cannot comment on a guy without a Masters

pedestrian argument, was sanusi ever in the same class as soludo?

Fitting square pegs in round holes has really screwed Nigeria up

gogo2003: pedestrian argument, was sanusi ever in the same class as soludo?

Where have you been?
Oh, you're new to N/L?
Don't let Jarus hear you say that Soludo is better than Sanusi. Infact he had named his first son SLS, in honor of our rogue CBN governor!

Is Obama better than bush? Your Soludo put the nation in the mess that Sanusi is trying to clean up, do you guys think there will be no casualties?

hercules07: Is Obama better than bush? Your Soludo put the nation in the mess that Sanusi is trying to clean up, do you guys think there will be no casualties?

What impact have u felt positively as a result of your claimed clean up?

The economy was lot better under Soludo irrespective of the few lapses and the banks were providing employments at least.I would rather have an administration that creates jobs and flourishes the economy with few oversight lapses than a policy that creates unemployment with questionable claims to perfection.

hercules07: Is Obama better than bush? Your Soludo put the nation in the mess that Sanusi is trying to clean up, do you guys think there will be no casualties?

Now that Sanusi has come what is stopping him cleanig up the mess ,why is he leavinge the mess and asking Governtment to sack 50 %of its work force, how come Commecrcial Banking is no longer profitable but islamic banking

kettykin:

Now that Sanusi has come what is stopping him cleanig up the mess ,why is he leavinge the mess and asking Governtment to sack 50 %of its work force, how come Commecrcial Banking is no longer profitable but islamic banking

people like you are so dumb but i had to reply this to clear the air, am sure you dont know that it was soludo that granted licience to stanbic ibtc, Jiaz bank, and standardcharterd and this banks have none interest banking platforms.

I also know that gtb zenith firstbank etc are commercial banks that have posted wonderful profits running into trillions of naira in the last year.

I am a student of "soludonomics" but he made a mistake by saying nigeria was insulated from the global economic crises was a mistake, another clown here said he has a masters and cannot comment about anyone that doest have a masters shows how shallow minded some of us here are.

Sanusi Lamido Sanusi was the MD of first bank and also rose up to Head Risk management at UBA am sure you dont get to those kind of positions without having anything upstairs,I also agree 100% with the fact that majority of the civil/public servants contribute little or nothing to the country and i support the sack of 60%of them.

Why should a governor/president have so many ministers commisioners, special advisers special assistants etc and yet they achieve little or nothing, why do we have hundreds of people working in the federal civil service doing but get paid, and yet this people dont let young graduates get employement or even grow .

The banking industry was in a mess not just in nigeria but everywhere in the world Cecilia and Akingbola and thier likes turned nigerian banks to shit business, I am a victim of the harsh policies but the truth be told the problem is from a MACRO ECONOMIC level, the none implementatation of government policies and corruption is the problem not sanusi

What we should be talking about is not politics of tribe etc but how we can make this government sit up and create an enabling environment for the country to be private sector driven so we can stimulate investment and stimulate growth and development

banki:

people like you are so dumb but i had to reply this to clear the air, am sure you dont know that it was soludo that granted licience to stanbic ibtc, Jiaz bank, and standardcharterd and this banks have none interest banking platforms.

I also know that gtb zenith firstbank etc are commercial banks that have posted wonderful profits running into trillions of naira in the last year.

I am a student of "soludonomics" but he made a mistake by saying nigeria was insulated from the global economic crises was a mistake, another clown here said he has a masters and cannot comment about anyone that doest have a masters shows how shallow minded some of us here are.

Sanusi Lamido Sanusi was the MD of first bank and also rose up to Head Risk management at UBA am sure you dont get to those kind of positions without having anything upstairs,I also agree 100% with the fact that majority of the civil/public servants contribute little or nothing to the country and i support the sack of 60%of them.

Why should a governor/president have so many ministers commisioners, special advisers special assistants etc and yet they achieve little or nothing, why do we have hundreds of people working in the federal civil service doing but get paid, and yet this people dont let young graduates get employement or even grow .

The banking industry was in a mess not just in nigeria but everywhere in the world Cecilia and Akingbola and thier likes turned nigerian banks to shit business, I am a victim of the harsh policies but the truth be told the problem is from a MACRO ECONOMIC level, the none implementatation of government policies and corruption is the problem not sanusi

What we should be talking about is not politics of tribe etc but how we can make this government sit up and create an enabling environment for the country to be private sector driven so we can stimulate investment and stimulate growth and development

Sometimes it pays to do some research before calling another dumb read below and see who is really dumb between me and you.

Sanusi it was that granted islamic banking licences....
see link below
http://www.thisdaylive.com/articles/sanusi-islamic-banking-is-soludo-8217-s-idea/94411/

Sanusi said the Banks and Other Financial Institution Act (BOFIA) gives power to the establishment of such financial institutions and that those who oppose it should go to court.

He confirmed the CBN would soon issue a licence to Ja’iz Bank "because they are about to fulfil the requirement for the issuance of licence".

Below is a brief Comparism of the Resume of Sanusi and Soludo
Skill sets level Sanusi does not feature in Soludo's Skill Category , Sanuisi became CBN Governor because Yaradua was in power and not that he was qualified please get this understood.
Sanusi was born on July 31, 1961. His father was a Permanent Secretary in the Ministry of Foreign Affairs in the 1960s and his grandfather was Emir of Kano and Islamic Scholar, Alhaji Muhammadu Sanusi. Sanusi graduated from King's College Lagos in 1977 and studied at Ahmadu Bello University (ABU), Zaria earning a BSc in Economics in 1981. He then taught economics at ABU from 1983 to 1985. He also obtained a degree in Islamic law from International University of Africa, Khartoum.

[b]Dr Soludo [/b]has been visiting scholar at the International Monetary Fund, the University of Cambridge, the Brookings Institution, the University of Warwick and the University of Oxford and a visiting professor at Swarthmore College (USA). He has also worked as a consultant for a number of international organizations, including The World Bank, the United Nations Economic Commission for Africa, and the United Nations Development Programme.Soludo is a core professional in the business of macroeconomics. He obtained his three degrees and then professorship at the University of Nigeria in Nsukka, Enugu State. He graduated with a First Class Honors degree in 1984, an M.Sc. Economics in 1987, and a Ph.D. in 1989, winning prizes for the best student at all three levels.He has been trained and involved in research, teaching and auditing in such disciplines as the multi-country macro econometric modeling, techniques of computable general equilibrium modeling, survey methodology and panel data econometrics, among others. Soludo studied and taught these courses at many Universities, including Oxford, Cambridge and Warwick. He has co-authored, co-edited and authored about ten books on this subject matter.
In 1998 Soludo was appointed to the position of professor of economics at the University of Nigeria; the next year he became a visiting professor at Swarthmore College in Swarthmore, Pennsylvania, US.

And why will the CBN Government be advising the Government to Downsize, one of the core functions of the Government according to the UN is to tackle unemployment

Classification of the Functions of Government (COFOG) is a classification defined by the United Nations Statistics Division. These functions are designed to be general enough to apply to the government of different countries. The accounts of each country in the United Nations are presented under these categories. The value of this is that the accounts of different countries can be compared.
http://en.wikipedia.org/wiki/Classification_of_the_Functions_of_Government

Else where in other parts of the world Federal Reserve Chairmen and Central Bank Governors are thinking of how to Create Jobs
and reduce Employment and Sanusi is asking the Government to push people in to the Labor Market for a country that has 67 million youths unemployed and with no other means of surviving
http://tribune.com.ng/index.php/news/48289-over-67-million-nigerian-youths-unemployed

Bernanke Sets Job Creation as the Fed's Top Priority
http://www.weeklystandard.com/blogs/bernanke-sets-job-creation-feds-top-priority_652380.html

Sin summary , Sanusi does not seem to have the Skillset to run a Central Bank and is diplsying it by his lack lustre perfomance and his out of point advice to the Government to shed its weight.

@ ketty kin...oga nice research did you read through what the link you put up.....


The statement opens with crediting soludo and not sanusi for the idea of islamic banks in nigeria, If you read my post correctly you would see that i said i am a student of soludonomics its a term we students of proffesor charles soludo use....

Was that all you saw about the profile of mallam sanusi lamido sanusi.... i repeat and maintain you are dumb for saying the only profitable bank in nigeria is islamic banking.

Please tell me if sanusi was as illeterate and unqualified as you claim could he possibly haeve been the mad of nigerias largest bank? or could he possible have headed one of the most sensitive units in the then 3rd biggest bank in nigeria... uba?

banki: @ ketty kin...oga nice research did you read through what the link you put up.....


The statement opens with crediting soludo and not sanusi for the idea of islamic banks in nigeria, If you read my post correctly you would see that i said i am a student of soludonomics its a term we students of proffesor charles soludo use....

Was that all you saw about the profile of mallam sanusi lamido sanusi.... i repeat and maintain you are dumb for saying the only profitable bank in nigeria is islamic banking.

Please tell me if sanusi was as illeterate and unqualified as you claim could he possibly haeve been the mad of nigerias largest bank? or could he possible have headed one of the most sensitive units in the then 3rd biggest bank in nigeria... uba?

Sanusi is not an illiterate but he does not neccessary posses the requisite Skill set to run the CBN as a Risk Manager only , the CBN is much more than Risk Managment.
Apart from first bank and GTB every other bank that is decaring profit downsized within the recession period and as such had to reduce overhead considerable to pay dividends. This simply means most Banks are actually ploughing back their over head to boost their profit margins

A good comparism of the Skill set of a Central Bank Governor would be to look at Bernanke and Alan Greenspan Both Jews who pioneered the US economy from the Boom throught the Bust period and MArk Carney who was the Governor Bank of Canada and has been hired by UK to come and become the Governor Bank of UK.

All 3 have PHD in Economic Related fields ahd have proven track record of PHD thesis in Economice related areas but our current CBN Governor has just a common degree in economics and masters in Islamic Studies which is not even related to economics and no PHD

bushwailo: As a masters degree holder, I cannot comment on a guy without a Masters

does tonto dike or dbanj possess masters degree yet u comment on them...you are nothing but a clown

I think that sanusi is far, far better than soludo. The may be seen to be controversial, but I think he knows his onions

bushwailo: As a masters degree holder, I cannot comment on a guy without a Masters

this is not a matter of a Master degree holder or a PHD holder, It is a matter of National Interest. So even as a Master degree holder, I expect you to post a good, educative comment not bragging about ur Masters degree.

Anyway, for me I will go with Soludo not Sanusi. Soludo creates Jobs, Sanusi Sacks the Staffs, and I am a staff.

jodeci:

What impact have u felt positively as a result of your claimed clean up?

The economy was lot better under Soludo irrespective of the few lapses and the banks were providing employments at least.I would rather have an administration that creates jobs and flourishes the economy with few oversight lapses than a policy that creates unemployment with questionable claims to perfection.

Some of u guys are unbelievably Slow and Naive to booth.. You are tking of sm jobs lost cos of Sanusi's 2009 interventn. Are u aware dat if he didnt do want he did at dat time (and he seem to hv done it wit a singularity of purpose scarce in 9ja), d ENTIRE Banking sector (and oda Financial institutns like Insurance cops and d Stock exchange) would hv totally COLLAPSED? All those jobs in those institutns wud not only hv bn lost, completely; but d Economy, as we know it, wud hv bn decimatd. My frnd, just pray dat u wud nt even hv to tink bout d Consequences therein..... By d way, am not interestd in d @OP skewd Comparison of Soludu and Sanusi; only wantd to mk d above point...

so SLS has a masters in islamic studies from khartoum. Please which country is khartoum in.

kettykin:

Now that Sanusi has come what is stopping him cleanig up the mess ,why is he leavinge the mess and asking Governtment to sack 50 %of its work force, how come Commecrcial Banking is no longer profitable but islamic banking

Do you think commercial banking was that profitable under soludo? The guys were posting phantom profits, you expect Sanusi to clean up the mess when the fiscal policy is messed up. People invested their hard earned monies in these banks and got nothing, who encouraged the investment? Soludo.

They both are educated but i think in the wrong way....Prof Aluko said Economics is common sense made difficult....i guess we know what is lacking

taharqa: Some of u guys are unbelievably Slow and Naive to booth.. You are tking of sm jobs lost cos of Sanusi's 2009 interventn. Are u aware dat if he didnt do want he did at dat time (and he seem to hv done it wit a singularity of purpose scarce in 9ja), d ENTIRE Banking sector (and oda Financial institutns like Insurance cops and d Stock exchange) would hv totally COLLAPSED? All those jobs in those institutns wud not only hv bn lost, completely; but d Economy, as we know it, wud hv bn decimatd. My frnd, just pray dat u wud nt even hv to tink bout d Consequences therein..... By d way, am not interestd in d @OP skewd Comparison of Soludu and Sanusi; only wantd to mk d above point...

Going by your wonderful analysis, I'm not too surprised why the entire financial market is in limbo. It's one thing to rescue banks, while allow other collapse if their liability is too high. Soludo had his ills during his time, but heck, you can NEVER compare how the banks are doing now to where it was 5years ago, the banks where in better shape 5years ago and there was so much confidence in the system as opposed now. If you rescued banks few months after you came in, YET, four years later, almost all of them are still ill, then there's something you're not doing right. Isn't the purpose of rescue mission supposed to inject cash into the system through the banks?

There is no comparison here, Soludo is 100 times better than this retarrdded mallam, all mallam is doing is killing banks, businesses and he is about to virtually cripple our economy with bad policies.

All Soludos policies worked and made our banks forces to recon with. Before Soludo our banks were nothing to write home about but being the smart guy that he is he introduced policies that made our banks big, through soludo our banks started flooding other African countries thereby creating more jobs.

All Sanusi does is bring bad policies that has killed lots of banks and rendered thousands of bank workers jobless. Every sector of our economy today is an evidence of sanusi's bad policies. That man should be retired ASAP

manny4life:

Going by your wonderful analysis, I'm not too surprised why the entire financial market is in limbo. It's one thing to rescue banks, while allow other collapse if their liability is too high. Soludo had his ills during his time, but heck, you can NEVER compare how the banks are doing now to where it was 5years ago, the banks where in better shape 5years ago and there was so much confidence in the system as opposed now. If you rescued banks few months after you came in, YET, four years later, almost all of them are still ill, then there's something you're not doing right. Isn't the purpose of rescue mission supposed to inject cash into the system through the banks?

Can banks exist in isolation? Industries were closing down yet banks were making profit, profit from where. They were all involved in illegal moves and soludo was complicit. We were all duped into investing in the stock market, all those shares became worthless due to the regulators turning a blind eye, Sanusi came in, cleaned the place up, yet some people are complaining.

banki: @ ketty kin...oga nice research did you read through what the link you put up.....


The statement opens with crediting soludo and not sanusi for the idea of islamic banks in nigeria, If you read my post correctly you would see that i said i am a student of soludonomics its a term we students of proffesor charles soludo use....

Was that all you saw about the profile of mallam sanusi lamido sanusi.... i repeat and maintain you are dumb for saying the only profitable bank in nigeria is islamic banking.

Please tell me if sanusi was as illeterate and unqualified as you claim could he possibly haeve been the mad of nigerias largest bank? or could he possible have headed one of the most sensitive units in the then 3rd biggest bank in nigeria... uba?

I hate it, and never comfortable with anybody who cannot argue genuinely without insulting the other party. Must you tell him that he is dumb?

Soludo is faaaaaaar better than sanusi. We missed a great talent in our economic life in nigeria

hercules07:

Can banks exist in isolation? Industries were closing down yet banks were making profit, profit from where. They were all involved in illegal moves and soludo was complicit. We were all duped into investing in the stock market, all those shares became worthless due to the regulators turning a blind eye, Sanusi came in, cleaned the place up, yet some people are complaining.

Show me one bank NOW IN NIGERIA, that isn't involved in one shady deal or the other under SLS watch? Even Access bank if I'm correct was involved in a dirty deal with Mr. Cosmas Maduka and Ifeanyi Uba. Abeg, let's leave all that shady matter, even in the U.S., it common norm, you can never weed out shady deals in banks.

Yes Soludo did not reinforce regulation like it should, they've learned but for you to make that as an excuse is just ridic. My point is, even after SLS clean up, there are still banks that are ILL, they are financially SICK. Was it not last week that Savannah and another bank almost declared bankruptcy, asking CBN for a N20 or N200 billion injection of another cash?

Financial market around the world had their issues, even here in the U.S., few went under, many were rescued while a few were merged with others. Today, they are doing very well, lending has improved, and the financial market are gradually resuscitating.

However, in the case of Nigeria, perhaps, only 3/4 banks are more so healthy, others are literally flying blind... Like I once said, when SLS leave, we shall compare and contrast the damage done to the banks. It's only after someone's term that you can fully evaluate their efficiency, til then, I'll reserve my greatest criticism.

Sure they are involved in shady deals but not to the extent under Soludo, how can banks be healthy when they have serious debt on their books from soludonomics and the economy is stagnant? Abi will you give loans to defaulters?

naijaking1:
Where have you been?
Oh, you're new to N/L?
Don't let Jarus hear you say that Soludo is better than Sanusi. Infact he had named his first son SLS, in honor of our rogue CBN governor!

ha ha ha.guy,am stil tryin to undastand y dat jarus of a human bein so much ador sls

HMmm.