Charles Chukwuma Soludo The Bank Robber

See Nigeria's CBN governor on an annual salary of 12million naira.
Corruption is neither Igbo,Hausa nor Yoruba.  Shame on US NIGERIANS.

http://saharareporters.com/index.php?option=com_content&view=article&id=1292:chukwuma-soludo-is-living-large-234nextcom&catid=42:exclusive&Itemid=160leas

my brother, 12m per annum is nothin compare to soludo's position. do u now how much a bank manager collects per annum ? let alone CBN governor

@ poster i beg what is your problem with that?

12M must be like: $80k, thats a joke right, maybe basic,

damola1:
12M must be like: $80k, thats a joke right, maybe basic,

if you ask me i will say is a small money how much bank directors de recieve i bep make una cull down 4 the man sha,

haha soludo? Succes na trouble, poverty na wahala!

Leave soludo alone!

I don't appreciate Soludo's moves and lies. But for that position N12M is just too small. I expect double that, to match up the responsibilities. Come and ask Our bankers here, Many earn over £1M in bonuses alone. And they still send people's money into a black hole,

The guy is an Asshole.

Soludo should be left alone i beg you people o. He has done alot for us as in the recapitalisation etc.

12million or 12billion naira?
i it is 12million,then what is the problem with that,thats not too much

shiiiioooooorrrr!!! 12milla!!

PLEASE HE DOESN'T TOUCH THAT SALARY.

THEY HAVE A LOT OF THINGS THAT MAKES THEM MONEY.

THE SALARY IS NOT ANYTHING TO SOLUDO COS HE HAS INVESTMENTS WORTH MILLIONS HOME AND ABROAD.

Cant y'all read in between the lines . . . . . Charles Soludo makes 12 Million Naira PER MINUTE ^{not per annum}. . . . . _{Who are they fooling}

abegi,i2 million is too small for soludo.comercial banks GMs earn more than that not to talk of the cbn gov

he is a thief. they are all opportuned thieves.

@topic,

12 milllon! What's the big deal with that? To be honest, any employer who plans to bring me back to Naija must be willing to pay that much per annum before I can even think to begin thinking of probably considering accepting the job!

Tayo-D:

@topic,

12 milllon! What's the big deal with that? To be honest, any employer who plans to bring me back to Naija must be willing to pay that much per annum before I can even think to begin thinking of probably considering accepting the job!

supported!

Soludo is neither a bank manager nor is he employed in the PRIVATE SECTOR. He is a public servant and should be expected to earn something REASONABLE not OUTRAGEOUS as you would expect to find in the private sector. That to the side, I think 12 million naira a year is reasonable pay BUT how does this pay weigh when compared to his spending habits? Does it all add up or are they gaps that need explaining?

Poster, I think you should change the subject; people are hung up on the N12 million. I doubt if most people are going to the link you attached at the bottom of your post.


The real gist is in that link, the N12m is not the issue.

N12 million only?

Tayo-D:

@topic,

12 milllon! What's the big deal with that? To be honest, any employer who plans to bring me back to Naija must be willing to pay that much per annum before I can even think to begin thinking of probably considering accepting the job!

exactly!
any employer offering me less than the equivalent of $150 thousand in Nigeria is joking.

i guess it's 12mill per month and not per annum
12mill per annum is just too small 4 a whole CBN governor

wwheelz:

Poster, I think you should change the subject; people are hung up on the N12 million. I doubt if most people are going to the link you attached at the bottom of your post.


The real gist is in that link, the N12m is not the issue.

Abi oh. D issue is in d living large not d 12m. 12m too small for the guy sef.

All Ye Soludo Haters (People With Very Short Memory) Shebi una dey show una self?

Do they mean 12 million a year or 1200 million a year?

kayc33:

i guess it's 12mill per month and not per annum
12mill per annum is just too small 4 a whole CBN governor

The chairman of the federal reserve ( USA ) makes about $191, 300 a year. You mean 12 million Naira a month for a NIGERIAN CIVIL SERVANT makes more sense to you?? KAI!!!

Thats not a lot! @ OP why are you hyperventilating?

Is anyone even bothering to read the article at the link provided??

People making conversions to forex value for comparison should reconsider as the purchasing power in the economies are different. A better comparison would be the kind of house you could buy with the money in one economy and compare to a similar housing asset in the other.

NGN 12 Million is slightly below what I would expect for a CBN governor, but if what the article states is true, he is living above his income.

I have never approved of him as  the CBN governor, as I felt he lacked the required skills and experience for the position. While his supporters will always cite the recapitalization and  consolidation of banks as his prime achievement, the truth his that it was never the problem nor the solution to the problem. The bane of the banking industry, and financial sector as a whole, as always been (and still is) poor corporate governance.

His argument for recapitalization essentially stems from the Harrod-Dormar model which proposes that the key component for economic growth and well being, is the input of capital i.e. big banks make big economies. Same ideology is behind all the foreign  loans and economic implementations that have failed in the past. The state of the Nigerian economy and the value of the Naira tells us the level of success of the move.

He argued that the consolidation of the banks would make it easier for CBN to effect policing. This notion is almost as hilarious as his installer, Obasanjo's excuse for increasing fuel prices in Nigeria as a deterrent to smugglers trafficking furl into the neighboring countries. The number of banks was not unmanageable, but rather that CBN officials were complicit in the doctoring of financial records  that is so rampant in the sector.

All we have to show for his tenure in office is the increased unemployment from his consolidation process, the poor state of the Naira, and the affliction of the stock market.

Hopefully they let someone else have a crack at the position. Cant understand why African never want to leave office.

the official salary might be N12mill. but we all know that he makes wey much more and since we are talking Nigeria, it is called Corruption, bribery, and thieving! I am not even sure why we are surprised, Can someone say ABACHA!