9ja dey represent, God help this country, I trust my Gtbank anyway.

Cbn must be extra cautious this time.We are not yet out of the fobia/tension d previous annoucement caused.As at 2day pple cant get loan 4legitimate biz.Oil marketers claim they might stop importatn due 2 loan issues.So mr sannusi apply maturity this time,that Nigeria might not collapse to sckeptism

Bialegend:

Why don't you create your own almighty islamic bank from scratch and bank in it as

Well Abiola and Sheu Yar'dua were smart enuff to do that.

If you must know, I'm a devoted catholic but it definitely
has nothin to do with what we are talking about. I never said
anything supporting islamizing PHB. If it goes back to it's
old ways of banking during its Habib's days and its guaranteed that our
money is safe, it's sure better than your money laundry abandoned property[/i] that
can fold up any day.I'm not gon allow some idiots use religion as a
weapon to blind me and my hard earned money.

Loser, This nation belongs to all of us but Have you ever wondered why
you will never rule this nation. The answer is not far if you search well.
Sit down and think about it.

I really don't know of the Igbo banks you are talking about. But
why tie the failure of your own people to other people's
apron. You have always been a loser and I don't see that
changing because the generation we hoped was gon bring
that change unfortunately is producing people like you.

But For me and my peeps. . . .

[i]WE WILL NOT LOSEEEEEEE!!!

toba:

Cbn must be extra cautious this time.We are not yet out of the fobia/tension d previous annoucement caused.As at 2day pple cant get loan 4legitimate biz.Oil marketers claim they might stop importatn due 2 loan issues.So mr sannusi apply maturity this time,that Nigeria might not collapse to sckeptism

Sanusi should have been patient enough to do this
exercise just once instead of just creating tension now
and then.

Chief thieves!!

I believe you man. Yar'adua has an Islamic/Northern agenda. Check this facts out.

1. Because the successful guys in the banking business are from the S/West or S/East, so Sanusi is busy destroying all they gat. Check out the guys that collected the loans. Are 60-70% not from the North? But what happens to them? Nothing.

2. He is trying to sell there positions to the so called Islamic banks. Now watch and see NL. In no distance time we will begin to see the rise of the Islamic banking system in Nigeria. Where they say they come to trade will begin to see a spread of their religion like wild fire. Yes this is sensitive I know. But our government are politicing Islam for all. Thats not the way forward.

3. The sack of the Perm. Sec. and Directors of Federal Ministries last week. Majority of them are from the South. But all I mean 100% of their replacements are all from the North and core Islamic people. Where is the Federal Character in this? Or is it because Yar'adua is a muslim and from the North.

4. Sentiments aside, lets talk facts. So mean to tell me that if an Igbo becames president then all appntments from come from the South east?

Lets watch and see. Its gradually unfolding.

Unfortunately we eroneusly have a CBN Governor who thinks the number of Bank MDs you sack is a MacroEconomic Index.

Now he wants to create a Risk department
This guy is looking at everything from one point of view.

Does he actually have any plans to grow the economy? creates jobs? make small businesses thrive?

Does he have anything positive.

Sanusi should remember that he will be judged by what he builds not what he seeks to destroy.

They go and then what? Will you die?

McKren:

Unfortunately we eroneusly have a CBN Governor who thinks the number of Bank MDs you sack is a MacroEconomic Index.

Now he wants to create a Risk department
This guy is looking at everything from one point of view.

Does he actually have any plans to grow the economy? creates jobs? make small businesses thrive?

Does he have anything positive.

Sanusi should remember that he will be judged by what he builds not what he seeks to destroy.

Good post

I have said it before and I will say it again

History and Economic Students of the future will come to study the times we are facing now as SANUSI's DEPRESSION.

And all those celebrating this madness should be grown up enough to confess to their views while all of these were going.

What is actualy wrong with the people of northern Nigeria, where is this people leading us to, why is it that any thing that enters into their hands fails, why have these barbaric conquerors made Nigeria a failed nation, Nigeria practicaly became the most ridiculuous nation on earth since 1967 it entered into their hands,

I once said on this forum during the appointment of Lamido Sanusi that we are about to have an incompetent CBN governor, some folks here disagreed with me,

After Sanusi's appointment as CBN governor , he immidiately cried foul in the public, telling every one that some Nigerian banks are unhealthy as a result of non performing loans, this lead to the sacking of five banks MDs, this action has kept many Nigerians confused ,with many questioning the competence and much louded performance of the immidiate past CBN governor Prof Chukwuma Soludo, and some others argueing that sanusi's action is simply a northern hostile takeover agenda.

In a bid to revitilise these five unhealthy Banks, Sanusi printed over 400 billion Naira and injected into these banks as a bail out excecise, this action and the process was hailed by some common Nigerians while the elite class frowned upon it, the most annoying thing about the action of Lamido Sanusi is that these Five Banks in just less than two weeks after recieving these huge some, has lost about 40% of it's share value, an amount close to 470billion naira, consequently, it means that the bailout money injected into these five banks by Sanusi has vanished in the air,

This lost of 40 value was technicaly caused by sanusi himself, as it was as a result of lost of consumer confidence by custotmers and investors who lost confidence in the banks beacuse they were told by Sanusi that they are unhealthy, if sanusi understood his left from his right, he should have known that crying foul in the public will cause loss of consumers and investors confidence and will destroy the banks than helping it, having cried out, he shouldn't have gone ahead to inject such huge some into the banks , because as it has proven,will be a dead end venture, but it did not stop there, instead of sanusi looking for a more technical way to correct his mistakes, he is presently in a bid of reprinting a new naira note,( an action many have predicted is only made to bring back arabic text on naira notes,) this reprinting excercise will cost us billions, in a time our student are at home as a result of ASUU strike,

As many have wondered, is sanusi acting in good faith ? the truth is that, no matter what he/she does, a public servant is primarily judged by the result of his action, if in about six months of taking office , Nigeria is loosing billions of naira because of sanusi stupid and selfish actions, he is not acting in good faith if he was acting in good faith and in the intrest of Nigerians, he should have kept the matter indoors and go ahead and bail the banks, by so doing, the loss of consumers and investors confidence wouldn't have occured, which is even worse than non performing loans, because even if the banks recover today, they will find it extreemly hard if not imposible to regain consumer and investors confidence.

Then what is sanusi realy up to ?, Sanusi is only trying not to STEP INTO A GREAT MANS SHOE ( as theorised by the Jewish American power theorist and war strategist, Robert Greene, the author of the ground breaking, The 48 Laws of Power)Sanusi is only trying not to get lost in the much louded achievement of Prof soludo, he is trying to forge a new trend of his own making, his own public profile,but Nigerians may ask, is it just in a bid for sanusi to satisfy his ego and amoral mind that nigerians will have to waste Billions of naira, well the answer is that ,That is what you get when you appoint aboki as your CBN governor.

banom:

What is actualy wrong with the people of northern Nigeria, where is this people leading us to, why is it that any thing that enters into their hands fails, why have these barbaric conquerors made Nigeria a failed nation, Nigeria practicaly became the most ridiculuous nation on earth since 1967 it entered into their hands,

I once said on this forum during the appointment of Lamido Sanusi that we are about to have an incompetent CBN governor, some folks here disagreed with me,

After Sanusi's appointment as CBN governor , he immidiately cried foul in the public, telling every one that some Nigerian banks are unhealthy as a result of non performing loans, this lead to the sacking of five banks MDs, this action has kept many Nigerians confused ,with many questioning the competence and much louded performance of the immidiate past CBN governor Prof Chukwuma Soludo, and some others argueing that sanusi's action is simply a northern hostile takeover agenda.

In a bid to revitilise these five unhealthy Banks, Sanusi printed over 400 billion Naira and injected into these banks as a bail out excecise, this action and the process was hailed by some common Nigerians while the elite class frowned upon it, the most annoying thing about the action of Lamido Sanusi is that these Five Banks in just less than two weeks after recieving these huge some, has lost about 40% of it's share value, an amount close to 470billion naira, consequently, it means that the bailout money injected into these five banks by Sanusi has vanished in the air,

This lost of 40 value was technicaly caused by sanusi himself, as it was as a result of lost of consumer confidence by custotmers and investors who lost confidence in the banks beacuse they were told by Sanusi that they are unhealthy, if sanusi understood his left from his right, he should have known that crying foul in the public will cause loss of consumers and investors confidence and will destroy the banks than helping it, having cried out, he shouldn't have gone ahead to inject such huge some into the banks , because as it has proven,will be a dead end venture, but it did not stop there, instead of sanusi looking for a more technical way to correct his mistakes, he is presently in a bid of reprinting a new naira note,( an action many have predicted is only made to bring back arabic text on naira notes,) this reprinting excercise will cost us billions, in a time our student are at home as a result of ASUU strike,

As many have wondered, is sanusi acting in good faith ? the truth is that, no matter what he/she does, a public servant is primarily judged by the result of his action, if in about six months of taking office , Nigeria is loosing billions of naira because of sanusi stupid and selfish actions, he is not acting in good faith if he was acting in good faith and in the intrest of Nigerians, he should have kept the matter indoors and go ahead and bail the banks, by so doing, the loss of consumers and investors confidence wouldn't have occured, which is even worse than non performing loans, because even if the banks recover today, they will find it extreemly hard if not imposible to regain consumer and investors confidence.

Then what is sanusi realy up to ?, Sanusi is only trying not to STEP INTO A GREAT MANS SHOE ( as theorised by the Jewish American power theorist and war strategist, Robert Greene, the author of the ground breaking, The 48 Laws of Power)Sanusi is only trying not to get lost in the much louded achievement of Prof soludo, he is trying to forge a new trend of his own making, his own public profile,but Nigerians may ask, is it just in a bid for sanusi to satisfy his ego and amoral mind that nigerians will have to waste Billions of naira, well the answer is that ,That is what you get when you appoint aboki as your CBN governor.

I have helped u shorten ur post to this. U will thank me when u acquire wisdom like ur father and me.

banom:

I dont agree with Sanusi

We would like to know what your weaknesses are.
Hmmm. I think I have a temper. I think I could be more cautious in my choice of words in speech - perhaps I say too much at times, say more than I need to.

It's something I need to watch as a Central Bank governor. I think sometimes I'm a bit inflexible and I've got to realise that it's not in every situation that your view is always the correct one and if it is the correct one, it doesn't always have to prevail.

You have to pick the issues that are really important and where there will be no compromises and those where a small compromise will not cost that much.

http://234next.com/csp/cms/sites/Next/Home/5422919-146/Exclusive_interview_with_the_new_CBN.csp

The above are Sanusi Lamido Sanusi's own assessment of his weaknesses just when he became CBN Governor, unfortunately this guy is allowing this weakness to get the better of him yet the dumb Government of President Yar'adua does not want to rein in on this guy before he destroys what is left of our economy.

at the end of it all Sanusi will pack his loot and go to CB4.

nA FROM cbn 2 cb4.

In Monopoly, overspeeding attracts gotojail

If asked to guess who the four going CEOs will be, I will pick Francis Atuche and Jim Ovia. I'm almost sure Francis Atuche of BankPHB will not escape Sanusi's axe. Here is a man that did wuruwuru to make N1billion in one day. Imagine this: He obtained a N1billion uncollateralized loan from his bank, bought a proprty worth N1billion with that loan, sold same to his bank for N2billion, paid back his N1billion loan the next day and pocketed N1billion. This is he wuruwuru that is going on among these CEOs. Cecilia did similar things, collecting loans from Oceanic, erecting structures and leasing same to Oceanic as branches with the bank paying billions to her as rent.

These are the gross abuse of corporate governance going on among these bank chiefs.

These are confirmed stories from insiders.

I also have a confirmed story from insiders.

A bank CEO had 200 million used 20 million to buy some property and then sold the remaining millions for some more millions and billions.

Now my question is
Who are your 'insiders' Mr Jarus?

Sine1:

I also have a confirmed story from insiders.

A bank CEO had 200 million used 20 million to buy some property and then sold the remaining millions for some more millions and billions.

Now my question is
Who are your 'insiders' Mr Jarus?

. . and you expect me to be foolish enough to mention names here.
My insider was a former Oceanic topshot. I wont say more than that.

Sine1:

I also have a confirmed story from insiders.

A bank CEO had 200 million used 20 million to buy some property and then sold the remaining millions for some more millions and billions.

Now my question is
Who are your 'insiders' Mr Jarus?

No we have to take his word for it just like we have to take Sanusi's word for it.


No proof!!!! They just make up things and expect the rest of the world to believe it.

I also have my Insider source telling me that Sanusi has concretised arrangement to destroy confidence in the Banking Industry just to take over the banks through the backdoor and sell them to his cronies.

At the end of the day, regardless of who is telling the truth and who is making it up, the economy of 150million people are at risk.

You know Sanusi said recently in his BBC Have your say answer session that he favours more banks than less banks. I believe that with that statement lies the truth of these bruhaha. He did not even need to destroy the economy to have his cronies in banking business. All Sanusi needed to do was to grant more licences to his friends who he wanted to share a pie in the financial sector. He could have also used the advantage he has as CBN Governor to favour his cronies and their banks if he likes and at least may be the economy would have kept booming.

So it was not even necessary in the first place to destroy the system and take over existing banks through the backdoor to achieve his motive. Sanusi is just a cynical fool.

McKren:

No we have to take his word for it just like we have to take Sanusi's word for it.


No proof!!!! They just make up things and expect the rest of the world to believe it.

I also have my Insider source telling me that Sanusi has concretised arrangement to destroy confidence in the Banking Industry just to take over the banks through the backdoor and sell them to his cronies.

At the end of the day, regardless of who is telling the truth and who is making it up, the economy of 150million people are at risk.

i agree with this

McKren:

Sanusi is just a cynical fool.

but lets not go too far now with things like this

I was expecting that too,

McKren:

No we have to take his word for it just like we have to take Sanusi's word for it.
No proof!!!! They just make up things and expect the rest of the world to believe it.

I also have my Insider source telling me that Sanusi has concretised arrangement to destroy confidence in the Banking Industry just to take over the banks through the backdoor and sell them to his cronies.

Same can be applied to the Soludo era. We sat by swallowing up all that was fed us of how strong, and invulnerable our banking system was, only to now see that all that was just not true.

McKren:
At the end of the day, regardless of who is telling the truth and who is making it up, the economy of 150million people are at risk.

unfortunately!

MrCrackles:

Wow smart move there Francis Atuche. . .
I also heard he wont survive this. . .
Fingers crossed!

if u call dat one smart move, den you be a very kind person o. dat kind move, if true, be financial crime and e dey illegal. at de end of de day, i suspect say dem go escape jail time but go pay restitution. my own fingers too dey crossed.

I read all d posts.I must confess to you that all d posters are right&correct about issues raised.What we must avoid is attacking eachother tribally/religiously,not to overheat d already heated situation.Lets believe in Gods judgement on evil doers in Nigeria,that they will reap there reward

MrCrackles:

McKren
What is the point in calling Sanusi a cynical fool
I dont get it. . .

Well you can debate whether he is a fool or not, may be I am wrong and I do hope I am wrong because the man is already occupying a very sensitive position.

But I do think most of his choice of actions so far have not been very wise.

I also have no doubt that Sanusi is very CYNICAL because he has not focused his actions on growing the economy but talking it down by spending more time on what is wrong with the economy than what can be right about it.
We also all know how important trust and investor confidence is in any market. So I have no doubt that he is a very cynical guy.

What people are failing to realise is that the corruption in the Banking Sector is more fundamental than who the bank bosses or employees are.

It has more to do with how our system works, who we are, and our values.

We are trying to create an economy that is integrated with the rest of the world in the 21st century and somehow we are hoping to do that without having adequate frameworks and these are where Sanusi should be focusing on and not victimising businessmen who did business the way business was done in Nigeria at the time, albeit unethical.

We live in a country where people can walk up to the coperate affairs commission and set up a company with fictitous names and then use that company name to obtain loans from banks without adequate credit checks just because they are prominent in the society.

May be what we should be concentrating on is to create a strong National identity system, setting up credit reference agencies, and other regulatory agencies like the FSA in the United Kingdom. With these organisations like CAC can not register un-existent business leaders, and banks will not be lending money to un-existent people.

Sanusi can also work with lawmakers to set up the necessary laws to make sure their is hope to correct these in the future.

Instead of doing the small things that matter that will lead to better business practices, what we have seen is a CBN Governor more intrested in talking down the economy, criminalizing lending and borrowing, victimising bank MDs and rounding them up without due process.
All of these hot headed approaches are not solution to anything, they can't solve anything for anybody.

Someone should tell Sanusi to grow and stop trying to make history for the sake of it. At the rate he is going he will make history for the wrong reasons.

MrCrackles:

Common dude, i was only being sarcastic. . .

your sacarsm was obvious and my comment was not a criticism at all. no vex if you tink say I infer any ting wey dey inaccurate about ya post.

We have to be more civil in our contributions on this forum.

For the sake of all that we hold dear in this nation, please let us not get bogged down with religious bigotry or tribal jingoism.

These are areas of emotions and do not allow for clear thinking.

Yet we do need clear thinking!!

Hold your fire.

May God save us from Corruption in this wonderful country of ours. WAHALA DEY.

What is actualy wrong with the people of northern Nigeria, where is this people leading us to, why is it that any thing that enters into their hands fails, why have these barbaric conquerors made Nigeria a failed nation, Nigeria  practicaly became  the most ridiculuous nation on earth since 1967 it entered into their hands,

I once said on this forum during the appointment of Lamido Sanusi that we are about to have an incompetent CBN governor, some folks here disagreed with me,

After Sanusi's appointment as CBN governor , he immidiately cried foul in the public, telling every one that some Nigerian banks are unhealthy as a result of non performing loans, this lead to the sacking of five banks MDs, this action has kept many Nigerians confused ,with many questioning the competence and much louded performance of the immidiate past CBN governor Prof Chukwuma Soludo, and some others argueing that sanusi's action is simply a northern hostile takeover agenda.

In a bid to revitilise these five unhealthy Banks, Sanusi took over 400 billion Naira and injected into these banks as a bail out excecise, this action and the process was hailed by some common Nigerians while the elite class frowned upon it, the most annoying thing about the action of Lamido Sanusi is that these Five Banks in just less than two weeks after recieving these huge some, has lost about 40% of it's share value, an amount close to 470billion naira, consequently, it means that the bailout money injected into these five banks by Sanusi has vanished in the air,

This lost of 40% value was technicaly caused by sanusi himself, as it was as a result of lost of consumer confidence by custotmers and investors who lost confidence in the banks beacuse they were told by Sanusi that they are unhealthy, if sanusi understood his left from his right, he should have known that crying foul in the public will cause loss of consumers and investors confidence and will destroy the banks than helping it, having cried out, he shouldn't have gone ahead to inject such huge some into the banks , because as it has proven,will be a dead end venture, but it did not stop there, instead of sanusi looking for a more technical way to correct his mistakes, he is presently in a bid of reprinting a new naira note,( an action many have predicted is only made to bring back arabic text on naira notes,) this reprinting excercise will cost us billions, in a time our student are at home as a result of ASUU strike,

As many have wondered, is sanusi acting in good faith ? the truth is that, no matter what he/she does, a public servant is primarily judged by the result of his action, if in about six months of taking office , Nigeria is loosing billions of naira because of sanusi stupid and selfish actions, he is not acting in good faith if he was acting in good faith and in the intrest of Nigerians, he should have kept the matter indoors and go ahead and bail the banks, by so doing, the loss of consumers and investors confidence wouldn't have occured, which is even worse than non performing loans, because even if the banks recover today, they will find it extreemly hard if not imposible to regain consumer and investors confidence.

Then what is sanusi realy up to ?, Sanusi is only trying not to STEP INTO A GREAT MANS SHOE ( as theorised by the Jewish American power theorist and war strategist, Robert Greene, the author of the ground breaking, The 48 Laws of Power)Sanusi is only trying not to get lost in the much louded achievement of Prof soludo, he is trying to forge a new trend of his own making, his own public profile,but Nigerians may ask, is it just in a bid for sanusi to satisfy his ego and amoral mind that nigerians will have to waste Billions of naira, well the answer is that ,That is what you get when you appoint aboki as your CBN governor.

baslone:

Well Abiola and Sheu Yar'dua were smart enuff to do that.

If you must know, I'm a devoted catholic but it definitely
has nothin to do with what we are talking about. I never said
anything supporting islamizing PHB. If it goes back to it's
old ways of banking during its Habib's days and its guaranteed that our
money is safe, it's sure better than your money laundry abandoned property[/i] that
can fold up any day.I'm not gon allow some idiots use religion as a
weapon to blind me and my hard earned money.

Loser, This nation belongs to all of us but Have you ever wondered why
you will never rule this nation. The answer is not far if you search well.
Sit down and think about it.

I really don't know of the Igbo banks you are talking about. But
why tie the failure of your own people to other people's
apron. You have always been a loser and I don't see that
changing because the generation we hoped was gon bring
that change unfortunately is producing people like you.

But For me and my peeps. . . .

[i]WE WILL NOT LOSEEEEEEE!!!


Sanusi should have been patient enough to do this
exercise just once instead of just creating tension now
and then.

The same Habib that Northern governors contributed money to bail out during failed bank era or another one? Who said it was stable?