chosen04:

A whole N75 billion?  Saint Sanusi has to tell Nigerians what want wrong! Sanusi is nothing but a pregnant Virgin.

aisha2:

All the Banks had bad loans ( I know a lot of Bankers who had to forfit their salaries due to the failure of their customers to service loans)but the ones indicted were overexposed, that means they gave out most of the bank money and had no working capital. They were almost distressed. First Bank is reporting Bank Loan alongside profit.
@Topic, am happy with this development, now banks are being more honest and open because they know they will be a closser look at their books. No more bogus declaration of Profit.

aisha2:

All the Banks had bad loans ( I know a lot of Bankers who had to forfit their salaries due to  the failure of their customers to service loans)but the ones indicted were overexposed, that means they gave out most of the bank money and had no working capital. They were almost distressed. First Bank is reporting Bank Loan alongside profit.
@Topic, am happy with this development, now banks are being more honest and open because they know they will be a closser look at their books. No more bogus declaration of Profit.

chosen04:

If a whole of 75 billion non-performing loan was given under Sanusi's tenure then he his not holier than others. 75 billon of shareholders money is huge.

aisha2:

Sanusi spent barely 6 months in First Bank, I dont think all that money was given as bad loans when he was ther.

na_so:

So wrong my dear.

The man(SANUSI) was ED RISK from 2005-2009. So whats the point?

aisha2:

Look beyond Sanusi. are you not happy now that your bank will report its true state to you everytimme they bring an annual report, or do you prefer doctored reports

edwin101:

if truely sanusi was in first bank for only 6 months then i guess he has been exornorated. but wait why didnt he mention first bank when he anounced the first five banks Hmmmmmmm!

dappssee:

When the list of debtors was first published, I argued that it will affect the healthy banks negatively. Now for the so called distressed banks, they have capital inflow while the healthy ones have capital outflow except GTBank. Most of ordinary debtors of these distressed banks whose names weren't even published have the jitters and have been taking ODs from the so-called healthy banks to service NPLs in the distressed banks.

I dont think names should have been published without the CBN secretly intervening because its against healthy banking practise to publish names of your debtors no matter the classifications of their loans.

na_so:

Oga ,

Sanusi was the Executive Director Risk management in FBN from 2005 to 2008. He became the GMD in 2009. This 6 months theory is not correct.

aisha2:

Look beyond Sanusi. are you not happy now that your bank will report its true state to you everytimme they bring an annual report, or do you prefer doctored reports

edwin101:

if truely sanusi was in first bank for only 6 months then i guess he has been exornorated. but wait why didnt he mention first bank when he anounced the first five banks Hmmmmmmm!

SGN:

I think the crux of the matter is that all banks have bad loans.  But the ratio of the bad loans to capital base and total loan portfolio is what is unbelievably high in the distressed bank that almost tilted them over the edge and turned the to perpetual borrowers in the EDW and hence the CBN intervention.

Now, 1billion bad loan might be enough to cause company A to be distressed and it might take 10billion to get company B in the same situation.  There is no one with magic wand that can be used to ensure no loan granted by his bank will not go bad.  There are conditions out there that can throw all logic and analysis to the gutters.

If conditions for granting these loans in FirstBank were found out not to have followed the best practices (which might not), and their position is as bad as any of the mentioned distressed bank, trust me there are insiders who are loyal to some of the shamed guys that would have blown the whistle.

The good thing we need to take from all that is happening is that bank can at least present to us something closer to their true state henceforth unlike the gimmicks and the more you look the less you see situation of the past.

bawomolo:

You guys are paranoid.

not all the loans were given out during sanusi's short tenure.

is he the one responsible for approving loans?

SGN link=
I think the crux of the matter is that all banks have bad loans. But the ratio of the bad loans to capital base and total loan portfolio is what is unbelievably high in the distressed bank that almost tilted them over the edge and turned the to perpetual borrowers in the EDW and hence the CBN intervention.[/b:


without publish SLS's audit report,how will you know the real facts,to make a sound judgement.

[b]If conditions for granting these loans in FirstBank were found out not to have followed the best practices (which might not), and their position is as bad as any of the mentioned distressed bank, trust me there are insiders who are loyal to some of the shamed guys that would have blown the whistle.[/b]

the only one talking for now is SLS,he is both the enforcer and the judge.he is scheduled to talk again tommorrow,maybe it is time somebody takes the microphone from him.

[b]The good thing we need to take from all that is happening is that bank can at least present to us something closer to their true state henceforth unlike the gimmicks and the more you look the less you see situation of the past.

this is the nice part.full disclosure for all.

Marymos:

Sanusi has done and is doing a wonderful job.Am surprise some people out of sentiment dont see any good in what Sanusi is doing.You can just imagine what would have happen to the banking sector in five years time if he had kept quite.We all would have just waken up one day and discover that the entire banking sector has collapse.Let be objective in addressing issues.The revolution we need in Nigeria to deliver us from the hands of the present evil politician that are ruling us today has to start some where and by somebody.