alienvirus: Shut it my friend. Digest this and come back to thank me later.
In August 2009, the Sanusi led the Central Bank to "rescue" Afribank, Intercontinental Bank, Union Bank, Oceanic Bank and Finbank by bailing them out with 400 billion naira of public money, and dismissed their chief executives. Some point to other factors including religious, ethnic and existing bank records and plans to say he in fact had a hidden agenda. He said "We had to move in to send a strong signal that such recklessness on the part of bank executives will no longer be tolerated." 16 senior bank officials faced charges that included fraud, lending to fake companies, giving loans to companies they had a personal interest in and conspiring with stockbrokers to boost share prices, and today he has been appointed as the Emir of Kano by Gov. Rabi'u Musa Kwankwaso of Kano following the departure of Alh. Ado Bayero.[11] In September 2009, he said that 15 of the current 24 Nigerian banks might survive reform in the banking sector.[12]

In a wide-ranging interview with the Financial Times in December 2009, Sanusi defended the extensive reforms that he had initiated since taking office, dubbed by some as the "Sanusi tsunami". Some believe that he had a personal vendetta against some of the bank CEOs while others point to proof of mismanagement of funds by some of the CEOs, most notably Cecelia Ibru as justification for the steps he implemented. He noted that there was no choice but to attack the many powerful and interrelated vested interests who were exploiting the financial system, and expressed his appreciation of support from the Presidency, the Economic and Financial Crimes Commission, the finance minister and others.[13]

In January 2010, Sanusi said that banks will only want to give credit to Nigeria’s small and medium enterprises (SMEs), if the government gives adequate attention to the provision of infrastructure.[14]

In January 2010, Sanusi admitted that since 2005 the Central Bank had not conducted routine examinations of the 14 banks allocated to it under the sharing arrangement with Nigerian Deposit Insurance Corporation (NDIC).[15] Abubakar Nagona, president of Integrated Development and Investment Service (IDIS), a venture capital investment company urged Sanusi to "not be cowed and succumb to undue pressure from operators of the same sector he is striving to bring sanity to."[16] At a February 2010 conference on banking in Nigeria, Sanusi described his blueprint for reforming the Nigerian financial system. He said that it was built around four pillars of enhancing the quality of banks, establishing financial stability, enabling healthy financial sector evolution and ensuring that the financial sector contributes to the real economy.[17] Talking later that month, Sanusi said that the crash in the capital market was due to high level of financial illiteracy on the part of Nigerian investors.[18]

The Banker recognized him as the Central Bank Governor of the Year 2010 citing his radical anti-corruption campaign aimed at saving 24 banks on the brink of collapse and pressing for the managers involved in the most blatant cases of corruption to be charged and, in the case of two senior bankers, imprisoned...Wikipedia

You are too naïve! You buzzy quotin wt SANUSI said.watever he said is based on his own Reasoning,and for all u care may not be.right,of course he has to defend himsef for his ill-fated,ill-informed policies.let me throw u a posser:was Unity Bank(majority own by the north)better than those banks that SANUSI destroyed?and if indeed he came to rescue those banks,as he claimed,then the banks should be doing better now,but enter any of them,they ate just floating.

datalossvictim1:

Do you know the best bank in nigeria? The safest one? Thanks

Been the best is solely on customers satisfaction and taste,in that case is an individual tin,my taste may differ from urs.personally I go for GT. And diamond.

Nigeria bribed their way there,

CFCfan:
Yeah. The Banks need to be more involved in providing mortgage facilities, and funding the Nigerian airline industry.

Overall, both Soludo and Sanusi deserve the credit for putting Nigerian banks in such an impressive list.

Funding Airline,like seriously?wt happens to the real-sector of the economy,THE SMEs,the Agric sector?infrastructure?

fairheven:
Funding Airline,like seriously?wt happens to the real-sector of the economy,THE SMEs,the Agric sector?infrastructure?

The airlines also create jobs. The more planes they can acquire, the more pilots and cabin crew members are hired

CFCfan:
I think it should be Fidelity bank, because the bankers would show some fidelity to your money.

okay thanks.

CFCfan:
The airlines also create jobs. The more planes they can acquire, the more pilots and cabin crew members are hired

Wt numbers of jobs can an airline create compare wit the agric sector than can employ virctually half of our population.how many airlines do u have in the country,how many pilot do they have?how many cabin-crew?wt percentage of that to the labour market?are u related to Arumene-the Arik owner

fairheven:

You are too naïve! You buzzy quotin wt SANUSI said.watever he said is based on his own Reasoning,and for all u care may not be.right,of course he has to defend himsef for his ill-fated,ill-informed policies.let me throw u a posser:was Unity Bank(majority own by the north)better than those banks that SANUSI destroyed?and if indeed he came to rescue those banks,as he claimed,then the banks should be doing better now,but enter any of them,they ate just floating.

Don't mind the Alien. What does he know (knew? lol). Sanusi single handedly wrecked the Nigerian Economy. He had to mint 400B to give to banks. I'm not an Economist, but even I know that that is the number 1 cause of inflation.

Amya:

Don't mind the Alien. What does he know (knew? lol). Sanusi single handedly wrecked the Nigerian Economy. He had to mint 400B to give to banks. I'm not an Economist, but even I know that that is the number 1 cause of inflation.

Ya fadda no know book.

alienvirus: Ya fadda no know book.

Thought to ponder:if SANUSI was sincere,why did he not request for the SHARE-HOLDERS of those bankes to recapitalze the banks,he is currently been sued by the share-holderss for destroying their investment,why sell of the banks to his friends and croonies at give away prizes,why did he stir-up a "storm in a tea cup" by throwing panic in the air,he way too lousy and attention-seeking.

Nigerian shd learn 2 celebrate our hero, as am concerned as a progressive Nigerian nt affliated 2 any political party or group, SLS remained 1 of d best brained produced in atlant Sahara region. He demostrated is vibrancy nd intelligency in across stages in Nigerian economy 2clinch d apex financial institution. He took d mantle of d leadership of CBN when d world is facing economical meltdown and rescue d country whn even our local economy is facing gun/shut down by d powerful cabals. Despite CBN is nt a profit making Venture as been claimed by past leaders of d bank, SLS contributed 2 FG pulse billion of dollars. Whr r u "too know" when d Senate commends him 4 his gross contribution 2 Nigeria's revenue? whr r u whn he was honoured d best CBN governor in African ? Pls don't allow loyalty 4 1 careless 2 ur lyf person, ethnical bigotry, or religious sentiment blindfolded u 4rm reality. Represent Humanity

13 banks?? Really?? How many banks we get sef for Nigeria aside dose 13??
Mayb Microfinance

alienvirus: Many thanks to SANUSI LAMIDO SANUSI

How??

Even Eco bank that is specialist in boring peaple to tears

asholism: Nigerian shd learn 2 celebrate our hero, as am concerned as a progressive Nigerian nt affliated 2 any political party or group, SLS remained 1 of d best brained produced in atlant Sahara region. He demostrated is vibrancy nd intelligency in across stages in Nigerian economy 2clinch d apex financial institution. He took d mantle of d leadership of CBN when d world is facing economical meltdown and rescue d country whn even our local economy is facing gun/shut down by d powerful cabals. Despite CBN is nt a profit making Venture as been claimed by past leaders of d bank, SLS contributed 2 FG pulse billion of dollars. Whr r u "too know" when d Senate commends him 4 his gross contribution 2 Nigeria's revenue? whr r u whn he was honoured d best CBN governor in African ? Pls don't allow loyalty 4 1 careless 2 ur lyf person, ethnical bigotry, or religious sentiment blindfolded u 4rm reality. Represent Humanity

Plz answer? Why didn't Sanusi sell the banks s to their share-holders?that is wt any sensible human shuld have done.was unity bank,own by the north ,in anyway better than BANKPHB,SPRINGBANK,INTERCONTENENTAL OR AFRIBANK?SO Y DID HE SPARE UNITY BANK?

fairheven:

Plz answer? Why didn't Sanusi sell the banks s to their share-holders?that is wt any sensible human shuld have done.was unity bank,own by the north ,in anyway better than BANKPHB,SPRINGBANK,INTERCONTENENTAL OR AFRIBANK?SO Y DID HE SPARE UNITY BANK?

wht is d basis of ur own standardization, mere structure nd public relation story in d media. Economy experts seen beyond structure nd merry advant on media channels, Ibru casa has vindicate SLS. Even if dat is his flaw nd some oda tins dat shd nt make us 2 paint him black nd writeoff his enormous achievement that is nationally nd globally recognised. Represent Humanity

fairheven:

Plz answer? Why didn't Sanusi sell the banks s to their share-holders?that is wt any sensible human shuld have done.was unity bank,own by the north ,in anyway better than BANKPHB,SPRINGBANK,INTERCONTENENTAL OR AFRIBANK?SO Y DID HE SPARE UNITY BANK?

wht is d basis of ur own standardization, mere structures nd public relation stories on media. Economy experts seen beyond structures nd merry advants on media channels, Ibru case nd Akintola have vindicated SLS. Even if dat is his flaw nd some oda tins, dat shd nt make us 2 paint him black nd writeoff his enormous achievements that r nationally nd globally recognised. Represent Humanity

DONMAYOR19: Wow...FTC plus front page, I must do waitin everybody dey do.........oya lest go........first to Almighty God for giving me life, knowledge, wisdom, understanding to know what I know now, secondly, to my network( not mentioning any network name) for making the network favourable to me to be FTC, next to my parents for giving birth to me ELVIS, next to my friends especially Emmanuel Inaya the living CNN)[b][/b][b][/b]OLUWATOBI( of electrical department YCT), Tosin my engineering pady, Aloye my sport betting pady, uche my bouncer, and my love ones. Next to SeUn for reviving nairaland after bad belle people hacked am, next to my student for representing Halmark Academy well, next to my sweet baby Isabella Okeye Ada, she is always there for me, and finally to everybody here especially u that spend ur precious time to read this, may God bless u all.........Note me never finish o, I may edit this post later.

my one and only prof i dey wit u!!!!!

Why is UNITY BANK and JAIZ ISLAMIC BANK not included, the list is not genuine....period

asholism: wht is d basis of ur own standardization, mere structures nd public relation stories on media. Economy experts seen beyond structures nd merry advants on media channels, Ibru case nd Akintola have vindicated SLS. Even if dat is his flaw nd some oda tins, dat shd nt make us 2 paint him black nd writeoff his enormous achievements that r nationally nd globally recognised. Represent Humanity

U keep talking about award an recorgnition,the CEOs that he removed,(IBRU AN AKINBOLA)didn't they win awards from the same financial times?one the former deputy governors confirmed that Soludo was working on the same coperate governance issues quietly befor he left office,but SANUSI been the kind of lousy fellow he is went about creating panic in the industry,an those banks are worst off

tobounty: my one and only prof i dey wit u!!!!!

I see u o the original PROF TOBI.

alienvirus: Shut it my friend. Digest this and come back to thank me later.
In August 2009, the Sanusi led the Central Bank to "rescue" Afribank, Intercontinental Bank, Union Bank, Oceanic Bank and Finbank by bailing them out with 400 billion naira of public money, and dismissed their chief executives. Some point to other factors including religious, ethnic and existing bank records and plans to say he in fact had a hidden agenda. He said "We had to move in to send a strong signal that such recklessness on the part of bank executives will no longer be tolerated." 16 senior bank officials faced charges that included fraud, lending to fake companies, giving loans to companies they had a personal interest in and conspiring with stockbrokers to boost share prices, and today he has been appointed as the Emir of Kano by Gov. Rabi'u Musa Kwankwaso of Kano following the departure of Alh. Ado Bayero.[11] In September 2009, he said that 15 of the current 24 Nigerian banks might survive reform in the banking sector.[12]

In a wide-ranging interview with the Financial Times in December 2009, Sanusi defended the extensive reforms that he had initiated since taking office, dubbed by some as the "Sanusi tsunami". Some believe that he had a personal vendetta against some of the bank CEOs while others point to proof of mismanagement of funds by some of the CEOs, most notably Cecelia Ibru as justification for the steps he implemented. He noted that there was no choice but to attack the many powerful and interrelated vested interests who were exploiting the financial system, and expressed his appreciation of support from the Presidency, the Economic and Financial Crimes Commission, the finance minister and others.[13]

In January 2010, Sanusi said that banks will only want to give credit to Nigeria’s small and medium enterprises (SMEs), if the government gives adequate attention to the provision of infrastructure.[14]

In January 2010, Sanusi admitted that since 2005 the Central Bank had not conducted routine examinations of the 14 banks allocated to it under the sharing arrangement with Nigerian Deposit Insurance Corporation (NDIC).[15] Abubakar Nagona, president of Integrated Development and Investment Service (IDIS), a venture capital investment company urged Sanusi to "not be cowed and succumb to undue pressure from operators of the same sector he is striving to bring sanity to."[16] At a February 2010 conference on banking in Nigeria, Sanusi described his blueprint for reforming the Nigerian financial system. He said that it was built around four pillars of enhancing the quality of banks, establishing financial stability, enabling healthy financial sector evolution and ensuring that the financial sector contributes to the real economy.[17] Talking later that month, Sanusi said that the crash in the capital market was due to high level of financial illiteracy on the part of Nigerian investors.[18]

The Banker recognized him as the Central Bank Governor of the Year 2010 citing his radical anti-corruption campaign aimed at saving 24 banks on the brink of collapse and pressing for the managers involved in the most blatant cases of corruption to be charged and, in the case of two senior bankers, imprisoned...Wikipedia

You are right.

asholism: Nigerian shd learn 2 celebrate our hero, as am concerned as a progressive Nigerian nt affliated 2 any political party or group, SLS remained 1 of d best brained produced in atlant Sahara region. He demostrated is vibrancy nd intelligency in across stages in Nigerian economy 2clinch d apex financial institution. He took d mantle of d leadership of CBN when d world is facing economical meltdown and rescue d country whn even our local economy is facing gun/shut down by d powerful cabals. Despite CBN is nt a profit making Venture as been claimed by past leaders of d bank, SLS contributed 2 FG pulse billion of dollars. Whr r u "too know" when d Senate commends him 4 his gross contribution 2 Nigeria's revenue? whr r u whn he was honoured d best CBN governor in African ? Pls don't allow loyalty 4 1 careless 2 ur lyf person, ethnical bigotry, or religious sentiment blindfolded u 4rm reality. Represent Humanity

You are right. Kudos to SLS and Soludo. I have noticed that most of the beef for SLS on this forum is either based on religion, politics (PDP), tribe or ethnicity and/or those that lost their jobs due to his reforms. Just like his predecessors, he was not perfect, but he performed and his achievements cannot be sidelined. Its hard to find objective people these days, one form of sentiment or another must be attached to decisions or reasoning.

P.S. I had family members that had accounts with savannah bank. The bank reforms would have saved their money.

alienvirus: No time for rigmarole. many good thanks to SANUSI. By the way, why are you always sad at the mention of Sanusi?

Sanusi should be praised because he revived the banking after poor supervision by soludo. Both tried!

What is union bank doing on the list.union bank is already dead waiting to be buried.They better go and do their investigation again.i just hope they are not rating union bank based on what they used to be in the 80's and early 90's. presently union bank is the least rated bank in Nigeria and they are rating them among the 1000 banks in the world.Something is certainly wrong with this rating.

Vision 2020 on is way to materialize.(1)the Largest economy in Africa(2) the home of the rishest man and woman in Africa

Abeg where exactly is Skye ranked? I will personally throw then out of the top 1000th and send them to somewhere between 10k and 20k. Spent close to an hour on a queue with less than 10 people yesterday. While I spent just about 5 mins on a queue of over 15 people at Access a day before. And for UBA, they're great but na Antenna dem dey take power their TV until sometimes May this year. And the last time I was there (last week), they ran out of DSTV subcription (E16). Speaking of the branches here

Nobleval: useless entity.

U are a pathetic excuse of a man. Shame!

Can't find my Agugu cooperative bank on de list!

ebullientV: Good news..
By the way, how many banks do we have in the world? Kinda skeptical 'bout the presence of Union Bank on dat list.. Who even banks there?

Ask google dude

breakeven: What is union bank doing on the list.union bank is already dead waiting to be buried.They better go and do their investigation again.i just hope they are not rating union bank based on what they used to be in the 80's and early 90's. presently union bank is the least rated bank in Nigeria and they are rating them among the 1000 banks in the world.Something is certainly wrong with this rating.

Nothing is wrong with the rating. Union Bank is quietly undergoing transformation and re- engineering, similar to what First Bank did some years ago.

They are currently recruiting the best hands in the industry. The bank will soon regain her pride of place. Be on the lookout for the bank...

fairheven:

wt was The conditions of OCEANIC,BANK PHB,SPRING BANK,INTER-Continental,AFRIBANK,FIRST INLAND,before SANUSI came on board,and wt are the conditions of these Banks wen he left office?

where were they in world rankings then?

Adesiji77:
Nothing is wrong with the rating. Union Bank is quietly undergoing transformation and re- engineering, similar to what First Bank did some years ago.
They are currently recruiting the best hands in the industry. The bank will soon regain her pride of place. Be on the lookout for the bank...

Bros, tried contacting u. can't read mails via this box again.