midolian:
I hope Cecilia ibru is Yoruba or Hausa oo.. cos I fear if she's Igbo, my Igbo brothers will soon begin to hate sanusi and start supporting Ganduje

Ah!!!!! Where did you see 'Igbo' in what you read? See how people just bring ethnic divisions where it doesn't dare exist. You're a bloody tribalist. May God have mercy on you.

ednut1:
as fbn governor he signed an 100b loan to a padi without due process the result today is shown below.go to cms and see 2 rigs there lying fallow. How do i know- i worked for the owners son at a time lol. Even him no be saint

What's wrong with the rigs

9jaRealist:


You think the CBN just took the banks and sold them?! SMH

These banks were so indebted that their shareholder funds had effectively been ENTIRELY WIPED OUT! The banks had to be re-capitalized by (1) the CBN injecting billions into them (and effectively becoming their shareholders), (2) the NDIC paying billions to their depositors, and (3) AMCON buying trillions of their bad loans. The banks were NOT sold for a "pittance" but selling them enabled CBN to recoup some public funds.

You seem to have an idea and are mostly right

But virtually ALL the other banks operated in the same way. Especially bank of the North which was used by northern govs as a drain for people's deposits. But Sanusi knew them no born am to touch it or it's his job

Why was the nearly $1bn recovered from her not put back into the shareholders funds as should have been in other climes?

Plus are you aware that a publication came out months before that he had meet with some people and were planning to reduce the influence of southern bank CEOs because they were becoming as powerful enough to influence who becomes president?

Titogbanski:
Oceanic bank never owed anybody until Sanusi started his persecution. It was a case of bringing down Oceanic bank and handing it over to Ecobank and orhers for pea nuts.

Cecilia is no where as rich as Elumelu, Ovia, Sanusi and others .....who control many other companies like transcorp and make money left right and centre.

You are just running your mouth....if you know what investors and customers of this bank suffered, you will never make this stupid comment.

dominique:
And he made you run your bank to the ground too.

No mind am, so many fraud in Oceanic bank then. Na now she wan talk.

Sanusi saved a lot of Nigerians. Usually in this recession that happened when Buhari came in, so banks would have shut down and we would lose our money.

Also so many employees would have been fired, now its better because atleast bankers know their jobs are safe because the Banks are stronger after Merging.

9jaRealist:


I am wondering when she became an "economic guru" with her BS in Sociology...
Yes, people can learn new stuff, but reality is that her biggest asset was being married to the founder of the bank!
>

I tire oh. In next 20 years to come. Regina will claim Neds assets and say she was an economics Guru

maybachmusic:


What's wrong with the rigs

lol reseach

No Madam, it is because you converted depositors 's funds to personal use by giving yourself and family loans that you then declare as bad loans.
Let's no forget the issues... Madam, you are a thief and have destroyed many lives by depriving them of their life savings.

You now can talk because he seems to in trouble but he is still emir and he was right about your crimes. Thank you

midolian:
I hope Cecilia ibru is Yoruba or Hausa oo.. cos I fear if she's Igbo, my Igbo brothers will soon begin to hate sanusi and start supporting Ganduje

my brother the thing dey complicated.

Suelove:
"The economic guru who disclosed that she got married before 20 and also had her son in January before her 20th birthday.. "

I am still wondering how relevant this statement is in the report

Agreed. It is totally out of place. Serves as an indication of long fallen standards of journalism

the whole thing is politically motivated,I sense maybe sanusi wanted to /felt jealous about her popularity that's why.
or maybe he wanted to test from her forbidden fruit too and she refused that where her ordeal started from we never can tell,
This is Nigeria

yjgm:
She's the worst of kind in the banks along with that man from is it intercity or what. Can't remember his name. If the law doesn't catch up with them, the curse of the lives they ruined will visit them.

Erastus Akingbola, Intercontinental Bank.

There were other banks guilty of the offenses cecilia was guilty of. Till date they remain untouched. Its not the law catching up with offenders some of us care about, its the selective treatment. If you won't arrest all offenders for their sins, then don't arrest any at all.

Titogbanski:
Oceanic bank never owed anybody until Sanusi started his persecution. It was a case of bringing down Oceanic bank and handing it over to Ecobank and orhers for pea nuts.

Cecilia is no where as rich as Elumelu, Ovia, Sanusi and others .....who control many other companies like transcorp and make money left right and centre.

My brother leave tori abeg. I'm from her clsm. The charges against her were undefensive and was much abeg. Let's leave ethnicity alone for once abeg. She no try atall

3rdavefarms:
Omo baba Eleja should keep quiet

No she is iyawo baba eleja

3rdavefarms:
Omo baba Eleja should keep quiet

Ìyàwó bàbà eleja lẹ́yìn pé Ọmọ bàbá eleja

SarkinYarki:


where did she prosecute organic bank staff and customers ? was there any day they weren't paid , was there any customer who lost his deposit ? stop saying what you don't know ?

my family lost its money in that bank.....

Divine200:
One of the reason I hate saint sanusi, he dealth with this woman badly.
He deserve anything bad thing coming his way now.
He must go down as he had pulled people down in the past.

Karma is indeed a bitch!

What about the depositors who's money she and her children squandered to fund their expensive lifestyles?
In an organised system she should be in jail by now where she couldn't be saying this rubbish.

Titogbanski:
Oceanic bank never owed anybody until Sanusi started his persecution. It was a case of bringing down Oceanic bank and handing it over to Ecobank and orhers for pea nuts.

Cecilia is no where as rich as Elumelu, Ovia, Sanusi and others .....who control many other companies like transcorp and make money left right and centre.

U talk with insight. It is widely said that Cecilia had offended him in his personal capacity in his days as ED at First Bank. He had since then marked her for revenge. The sleaze in Zenith and UBA was nothing compared to whatever alleged misdemeanours were happening in Oceanic

Yankee101:

You seem to have an idea and are mostly right

But virtually ALL the other banks operated in the same way. Especially bank of the North which was used by northern govs as a drain for people's deposits. But Sanusi knew them no born am to touch it or it's his job

Why was the nearly $1bn recovered from her not put back into the shareholders funds as should have been in other climes?

Plus are you aware that a publication came out months before that he had meet with some people and were planning to reduce the influence of southern bank CEOs because they were becoming as powerful enough to influence who becomes president?

If there was any veracity to that, how many Northern bank CEOs emerged under Sanusi?
Sadly, when the rapacious Nigerian elite class get into trouble, they seek to hide behind ethnicity and regional skirts.
>

Femi316:
She is from delta state......an urhobo by tribe....?

From Ovwian paternally and Aladja

royalguy123:
the whole thing is politically motivated,I sense maybe sanusi wanted to /felt jealous about her popularity that's why.
or maybe he wanted to test from her forbidden fruit too and she refused that where her ordeal started from we never can tell,
This is Nigeria

Very idiotic reasoning. Her bank was not the strongest, most capitalised or with the most customers in the industry. Her popularity was built on media hype.
Was she more powerful than the CBN governor?
After the President, there are very few appointees as powerful as the CBN governor, President of the Supreme court, Chairman Joint Chief of Staff of the entire army.

maybachmusic:


What's wrong with the rigs

Almost no market value. And they were used as collateral for a loan that failed. Loand issued by SLS

TroubleMaker47:

Don't mind the dumb sentimental buffoon!
Always thinking emotionally instead of rationally.
Reason why they where able to re-elect Ikpeazu simply he is from their beloved PDP!
*spits*

Shut up. Was aregbesola of osun state not re-elected? Fool.

9jaRealist:


If there was any veracity to that, how many Northern bank CEOs emerged under Sanusi?
Sadly, when the rapacious Nigerian elite class get into trouble, they seek to hide behind ethnicity and regional skirts.
>

Thank you Sir.
You hit the nail on the head.
See how she's now trying to ride on the attack on Sanusi's exalted traditional position to rally cheap sentiment from thought sentimental masses some of deposits she squandered.

midolian:
I hope Cecilia ibru is Yoruba or Hausa oo.. cos I fear if she's Igbo, my Igbo brothers will soon begin to hate sanusi and start supporting Ganduje

Delta State

Urobho

airsaylongcon:

U talk with insight. It is widely said that Cecilia had offended him in his personal capacity in his days as ED at First Bank. He had since then marked her for revenge. The sleaze in Zenith and UBA was nothing compared to whatever alleged misdemeanours were happening in Oceanic

Such beer-parlor rumors may perhaps have a grain of veracity if Oceanic Bank was the ONLY bank that was recapitalized, and its CEO and board removed and replaced. And let's not forget the little FACT that Aunty Ibru actually pleaded GUILTY to the charges against her.
>

9jaRealist:


Such beer-parlor rumors may perhaps have a grain of veracity if Oceanic Bank was the ONLY bank that was recapitalized, and its CEO and board removed and replaced. And let's not forget the little FACT that Aunty Ibru actually pleaded GUILTY to the charges against her.
>

Let's not go into the details of that offence. Some of us may know more than the general public

midolian:
I hope Cecilia ibru is Yoruba or Hausa oo.. cos I fear if she's Igbo, my Igbo brothers will soon begin to hate sanusi and start supporting Ganduje

From the south delta state urhobo by tribe

All if you saying she bought this and that and had properties all over the place should remember that her late husband was a one time richest man in Africa.
Saint sanusi punished her for offence known to him. There were other CEO who committed the same offence as she did but they were untouched.

This is a war against Nigeria women.

Yankee101:

You seem to have an idea and are mostly right

But virtually ALL the other banks operated in the same way. Especially bank of the North which was used by northern govs as a drain for people's deposits. But Sanusi knew them no born am to touch it or it's his job

Why was the nearly $1bn recovered from her not put back into the shareholders funds as should have been in other climes?

Plus are you aware that a publication came out months before that he had meet with some people and were planning to reduce the influence of southern bank CEOs because they were becoming as powerful enough to influence who becomes president?

When the UK government sold shares of the Royal Bank of Scotland that it was compelled to nationalize during the Financial Crises or when the US government brought General Motors back to the market post-Financial Crises through a public offering, did the UK and Us governments simply turn around and hand the funds realized from such public offerings back to the same shareholders who ran the businesses aground?
>

9jaRealist:


You think the CBN just took the banks and sold them?! SMH

These banks were so indebted that their shareholder funds had effectively been ENTIRELY WIPED OUT! The banks had to be re-capitalized by (1) the CBN injecting billions into them (and effectively becoming their shareholders), (2) the NDIC paying billions to their depositors, and (3) AMCON buying trillions of their bad loans. The banks were NOT sold for a "pittance" but selling them enabled CBN to recoup some public funds.

Brilliant responses sir. Sadly, most of us here(Nigerians) would rather argue with sentiments against your points than put forward counter facts to disprove what you've pointed out.

On a lighter note you should consider starting up a finance/economics blog that talks about — in lay terms — economic/financial issues in the country that would appeal to the laity, drive financial literacy, financial inclusion AND quite frankly, make you money too.