Just in case the link happens to be tampered with, i have decided to copy the details of the article.
I think any dummy could have looked for any white dude as investors from the EU region. A region highly indebted and still in recession.
The mentality of a typical northerner is to be a slave to anything white, it's the way their make up is and as foolish as Sanusi is and being the CBN governor, how on earth could you bring mediocres who have really not found a way out of their recession as investors of three Nigerian banks.
God punish you Sanusi and if i had a RPG, i won't hesistate to use it on all your family you bloody bastard.
Even when i've arrived, i'll surely put a slut through your head in old age.
Rest in pieces Sanusi, you're really a northern fool.
Mumu.





http://www.vanguardngr.com/2010/02/08/foreign-bank-buys-into-3-troubled-banks/
"Foreign bank buys into 3 troubled banks
Cover Stories Feb 8, 2010
From right: Mr Sanusi Lamido Sanusi,Governor Central Bank of Nigeria,Mr Plutarchos Sakellaris,Vice President European Investment Bank and Mr Phillipe Pierre,Head Of European Union Delegation during the Visit of the European Investment Bank Vice President to the governor of Central Bank of Nigeria in Abuja. Photo by Gbemiga Olamikan
By Emma Ujah
ABUJA —THE European Investment Bank, EIB, is to buy into some of the nation’s troubled banks, Vice President of the Bank, Mr. Plutarchos Sakellaris has said.

Mr. Sakellaris who spoke after a meeting with the Governor of Central Bank of Nigeria, CBN, Mr. Sanusi Lamido Sanusi, in Abuja, Monday, said the specific commitments which would be announced in two days were expected to strengthen the banks’ liquidity through investments that could significantly increase their capital base and enable them play more supportive roles in the real sectors of the economy.

He said: “On Thursday we will unveil our package for three banks, it will be the type of package that you can imagine and this will be very supportive of their liquidity and enhance their real contribution to the economy. It will also enhance the strength of their capital base.

“I will not go further into any of the details but you will see on that occasion that this would be a concrete package of the EIB’s willingness to reinforce our involvement in the Nigerian financial system and this would be a support of confidence of the good work that the governor has begun in ensuring a strong financial sector.”

The EIB vice president who described Nigeria’s financial sector as “one of the best in Africa and the world”, especially following the banking reforms,” noted that the bank’s involvement “will be a concrete proof of EIB’s venture into the Nigerian financial sector and proof of our confidence.”

He said the reforms were “working to alleviate investors’ concerns over bad debt in banks”, adding that “it has also been crucial in helping restore confidence of both Nigerian and international investors.”

Mr. Sakellaris revealed that EIB provided about $1.5 billion of funding for 29 projects in Sub-Sahara Africa last year, with Nigeria receiving over $600 million which was invested in various sectors of the economy.

In his remarks, the CBN governor said the US EXIMBank has also restored the $1 billion credit line to Nigerian banks, which he said was a further demonstration of the confidence in the nation’s banking industry.

Sanusi restated his determination to make Nigerian banks play the roles of transmission channels to finance electricity, agriculture and infrastructure sectors, among others.

The CBN has been holding dialogues with boards and managements of the affected banks lately with a view to getting them to agree with its plans to allow other investors, from within and outside the country take up equities in the banks."

Sanusi is a stone cold Criminal. . .
That would pay for his crimes someday.

enough of all dis talk.now is time 2 take action against all sanusi's manipulation.let us send a protest letter to jonathan our acting president directing him 2 stop dis sanusi's hurried sale of bank 2 his foriegn cronies.

A black man back home painstakingly built and nurtured a bank,
for unjustifiable reasons,u kicked them out just to dash these world class brands
and banks to an oyibo man??

It's a shame we are in a Big mess in this country. My dear Country i love so much is still has Unpatriotic and self servicing people in it's helms of affairs.

I thought you guys said that Sanusi was giving the banks over to his muslim brothers?

Others still laughed at his roadshow stating that he will never sell the banks.

Whats the next accusation? That hes working for the Ku Klux Klan to pass on black-owned businesses to white people?

Nigerians can be so ridiculous at times.

If there is anything that makes me happy about Jonathan's appointment, it is the fact that he will smash Sanusi's ego in a second.
Guys, don't worry anymore, Sanusi is on his way out. He won't be sacked, he will resign out of frustration.

The man cannot even lay claim to a single achievement, neither can he even pinpoint the direction in which he seems to be headed in almost one year as CBN Governor, except for victimizing CEO's in a very vindictive manner.

The economy is bleeding and its so obvious that all those who supported him in the beginning have lost confidence in him.
Anytime I remember that the CBN Governor of a $200 billion economy is just a Bsc Economics holder, I shudder at Yar'Adua's sense of judgement.

All this sour grapes about Sanusi is nauseating. Where were all his critics in the
crowded Nigerian landscape when he was made CBN governor? Maybe the nearest
they got to a bank was courtesy of the ATM and now everybody is a specialist. If you
have a grouse against him for whatever reasons , put your money where your mouth
is, go to court. All this shadow boxing and shakara don do.

And if you do not have tangible proof , or the liver to go to court, shut up.

@Alpacino,

DId you offer to buy any of the banks and your bid was rejected?
If the man called guys from Dubai he is selling to Muslims, He is
selling to Oyibo, wh ,may probably be Christians and he is a fool.

You Mr. Al pacino are the fool. Why have a grouse on a sale that
you did not or were not in a probably in a position to bid for either
for lack of resources or whatever ?

^^^^^
Mention one achievement Sanusi has made aside the vindictive pursuit of CEO's. Just one please.
For every single one you mention, I'll mention 10 failures he has recorded.
Whether we like it or not, Sanusi's game is sooo over.

DId you offer to buy any of the banks and your bid was rejected?
If the man called guys from Dubai he is selling to Muslims, He is
selling to Oyibo, wh ,may probably be Christians and he is a fool.

You Mr. Al pacino are the fool. Why have a grouse on a sale that
you did not or were not in a probably in a position to bid for either
for lack of resources or whatever ?

who is Sanusi to sell what he did not build?

I know for a fact, Intercontinental was built from scratch by hand-working Nigerians way back in 1996 with then Equity Bank.

where was Sanusi?

If the shareholders are not happy, they can take action.

Sanusi jobs is not to sell any banks but to regulate the financial industry.

Sell/buy banks is business of the public and shareholders.

Nigerians deserve what they get when DONT STAND-UP for their RIGHTs.

@Papabrowne

He was given the position and not you.
I can feel him, I cannot feel you.
He is visible and you are faceless.
He has no aggro against you because he is too busy.

Now that you have come out of the fray, you must tell me why
Sanusi was chosen over and above you.  

@ Mr Otawa , you guys are just begging the issue- GO TO COURT.
Nairaland is not a court. If you want to fight the man, go to the market square.
Abi you no wan show face.

PapaBrowne:

If there is anything that makes me happy about Jonathan's appointment, it is the fact that he will smash Sanusi's ego in a second.
Guys, don't worry anymore, Sanusi is on his way out. He won't be sacked, he will resign out of frustration.

The man cannot even lay claim to a single achievement, neither can he even pinpoint the direction in which he seems to be headed in almost one year as CBN Governor, except for victimizing CEO's in a very vindictive manner.

The economy is bleeding and its so obvious that all those who supported him in the beginning have lost confidence in him.
Anytime I remember that the CBN Governor of a $200 billion economy is just a Bsc Economics holder, I shudder at Yar'Adua's sense of judgement.

And if this doesnt happen, i will absolutely batter you anywhere on this forum. . .
Infact alienate you!!!

otawa:

who is Sanusi to sell what he did not build?

I know for a fact, Intercontinental was built from scratch by hand-working Nigerians way back in 1996 with then Equity Bank.

where was Sanusi?

If the shareholders are not happy, they can take action.

Sanusi jobs is not to sell any banks but to regulate the financial industry.

Sell/buy banks is business of the public and shareholders.

Nigerians deserve what they get when DONT STAND-UP for their RIGHTs.

You tell me. . . .

the sales can only happen when we are ruled by a fulani man as assisted by islamic bank promoter but now things will certainly change. sanusi can just act without recourse to the president

Sanusi is a crook

citizenY:

@Papabrowne

He was given the position and not you.
I can feel him, I cannot feel you.
He is visible and you are faceless.
He has no aggro against you because he is too busy.
Now that you have come out of the fray, you must tell me why
Sanusi was chosen over and above you.  

He was given the position and not you.

I wouldn't want the job cos I can't do it. I'm not even qualified enough, yet more qualified than Sanusi's Bsc Econs.
Don't you shudder at the fact that the only relevant training Sanusi's got is a Bsc in Economics?? Doesn't that scare you to know thats all the knowledge he's got to run a $200billion wobbling economy? ? ?

I can feel him, I cannot feel you.

Yes. I've noticed that most people that feel him are either 5-9 jobbers with very low salaries or people with little or no education. Its understandable that you feel him.

He is visible and you are faceless.

He was as faceless as I am until 9 months ago. Who knows, I might just be visible someday.

He has no aggro against you because he is too busy.

Really?? But the only achievement he lays claim to is the "aggro" he has with the bank executives. Thats all he has spent his time doing, how come you say he too busy for such?

Now that you have come out of the fray, you must tell me why
Sanusi was chosen over and above you.  

Come out of the fray? ? ? How so buddy? ? Naah, Sanusi has been placed under and below ma feet!

Finally, I don't have a problem with the man Sanusi. Rather, I have a deep seated problem with his ill thought out actions and the immensely negative impact it has had on the very fragile and yet burgeoning $200billion economy of Nigeria.

I am surprised at the venom being directed at Mr Sanusi who is sanitising the stench left behind in the banks by Soludo.
The affected banks were already tethering on the brink of failure before he stepped in to rescue them. Soludo had even secretly bailed some of them out before the arrival of Soludo.

Some of you are asking what Sanusi has achieved:

1) His early intervention prevented the outright collapse of the banking industry.
2) Depositors did not lose a kobo because of this intervention.
3) By restricting the office of CEO to 10 years, will help to prevent the banks being defined by one man/woman thus reducing future abuses.
4) His intervention has halted the activities of crooks and cowboy bankers (Ibru's, Akingbola's)

Nigerians are always resistive to positive change. This reminds me of how Idiagbon was criticised in the early 80S until we got the kind of leader we deserved in the person of IBB.
I am a shareholder in these failed banks and lost a lot of money. But my venom will always be directed at the real culprits- the corrupt CEO's.

It is not Sanusi that was declaring bogus bank report
It was not Sanusi that deceived both the old and young to buy shares in failed banks
It was not Sanusi that awarded 75% of the bank's loan portfolio to his family
It was not Sanusi that has >£84 million property portfolio in UK, Billions more in Dubai and billions of shareholders funds in personal bank account.

Please, let us aapportion blame to whom it is due:
Soludo for cussing up to the banks and thus failing in his role as a regulator.
The thieving CEO's for taking for their uinsatiable appetite for other people's money. Stealing from retired teachers, nurses, civil servants to enrich themselves.

TYPICAL NAIRALAND!!!

Someone comes with a bogus ALLEGATION
Instead of veryfiying if its true or not. . we start arguing and cursing each other out based on falsehood

PLS READ THE ARTICLE BELOW

EUROPEAN INVESTMENT BANK NOT EYEING TROUBLED BANKS

- - signs N49.44bn loan agreement with [size=16pt]Stanbic-IBTC[/size], [size=16pt]FirstBank[/size], [size=16pt]GTBank[/size]

Plutarchos Sakellaris, vice president, European Investment Bank (EIB), says his bank has no interest in acquiring any of the troubled banks, saying the bank’s interest is in extending credit lines for developmental projects. This is even as EIB signed a 240 million euro (N49.44 billion) Nigeria Framework Loan with Stanbic-IBTC, First Bank of Nigeria, and GTBank.

Some national dailies reported that EIB was in the country to acquire stakes in three of the Nigerian troubled banks. But the vice president told newsmen in Lagos on Wednesday that he and his colleagues are in the country to work “closely with three partner banks who will equally share the 240 million euro financing facility”. Sakellaris said, “We are proud to work with First Bank of Nigeria, and Stanbic IBTC here today, and Guaranty Trust Bank with whom we shall sign a loan agreement later today”.

He reiterated his earlier position that the clear strength of the three banks follows committed reforms across the entire Nigerian banking sector.

He explained that the Nigerian Framework Loan will target both privately funded and public-private partnership infrastructure projects across the country.

According to him, this arrangement will strengthen the development of key infrastructure and enables a strong role in financing Nigerian infrastructure to be maintained by the country’s financial institutions. Sakellaris further said that at a time of global financial uncertainty and economic difficulty, the funding not only expresses confidence in the Nigerian partner banks, but will also encourage greater private investor participation in infrastructure.

The vice president of EIB said he is impressed with the strong support shown for this project and desire to ensure the long-term economic and development contribution of infrastructure finance in Nigeria after he met with Acting President Goodluck Jonathan and Sanusi Lamido Sanusi, Central Bank of Nigeria (CBN) governor. He said the Nigerian Framework Loan closely mirrors the European Investment Bank’s focus on investing in projects that promote economic growth and foster private development.

Chris Newson, chief executive of Stanbic IBTC, said the inflow of the investment at this time shows the kind of confidence the investing community has not only in the country, but in the banks. More importantly, he said this investment is a long-term one, and as such will solve long-term funding problems in the financial system.

Bisi Onasanya, group managing director/chief executive officer of First Bank of Nigeria Plc, while commending the European Investment Bank for its commitment to the development of the African region, said FirstBank would ensure the effective administration of the Nigeria Framework Loan infrastructure facility for the common good of the society.
http://www.businessdayonline.com/index.php?option=com_content&view=article&id=8374:european-investment-bank-not-eyeing-troubled-banks-&catid=85:national&Itemid=340

@Alpacino,mama-gee,odedele,Kx,chipmunkey,Papabrowne,Otawa,yeswecan. . .

u guys should always endevour to verify the accuracy of an initial post
before starting to comment on it like retards

especially u mama-gee. .u are known for making totally baseless allegations and retarded one or 2 liners

nonsense. . .

and i am no fan boy of Sanusi,but this is ridiculous

MrCrackles:

And if this doesnt happen, i will absolutely batter you anywhere on this forum. . .
Infact alienate you!!!

MrCrackles, watch as it unfolds.
First, [/b]Waziri goes.
[b]Second, the courts would be allowed to judge fairly on the suits brought by the shareholders, CEO's etc against the CBN and vice versa.
Third, the shareholders/CEOs win their cases and CBN has to comply with the court decision. The CEO's however won't be allowed to return 2 the banks, which I think is fair.
Fourth, [/b]Sanusi is angry and frustrated because he can't go further with his plans.All his plans are questioned by the new executive.
[b]Fifth, He is fed up and resigns.
Watch as the next two quarters play themselves out.
Check out the profile of the new AGF and you will get the message.

@Paddy_lo
I am not commenting based on the allegations. I am aware it is just loans and has nothing to do with a sale.
If you read thru my posts, you would realize I didn't comment on the alleged sale.
My comments are related to Sanusi's place in Jonathan's dispensation.

^^^^^^^^^^^^
Quote
He was given the position and not you.
[b]I wouldn't want the job cos I can't do it. [/b]I'm not even qualified enough, yet more qualified than Sanusi's Bsc Econs.

So what are we talking about? I am sure you have more academic laurels than your nursery school teacher. Your

extra qualifications do not matter here if you are either too proud to do Sanusi's job and that is only where your sour grapes can be bottled.

PapaBrowne:

MrCrackles, watch as it unfolds.
First, [/b]Waziri goes.
[b]Second, the courts would be allowed to judge fairly on the suits brought by the shareholders, CEO's etc against the CBN and vice versa.
Third, the shareholders/CEOs win their cases and CBN has to comply with the court decision. The CEO's however won't be allowed to return 2 the banks, which I think is fair.
Fourth, [/b]Sanusi is angry and frustrated because he can't go further with his plans.All his plans are questioned by the new executive.
[b]Fifth, He is fed up and resigns.
Watch as the next two quarters play themselves out.
Check out the profile of the new AGF and you will get the message.

cAN ANYONE HELP WITH THIS? not found anything beefy yet?

idiopathic:

I am surprised at the venom being directed at Mr Sanusi who is sanitising the stench left behind in the banks by Soludo.
The affected banks were already tethering on the brink of failure before he stepped in to rescue them. Soludo had even secretly bailed some of them out before the arrival of Soludo.

Some of you are asking what Sanusi has achieved:

1) His early intervention prevented the outright collapse of the banking industry.
2) Depositors did not lose a kobo because of this intervention.
3) By restricting the office of CEO to 10 years, will help to prevent the banks being defined by one man/woman thus reducing future abuses.
4) His intervention has halted the activities of crooks and cowboy bankers (Ibru's, Akingbola's)

Nigerians are always resistive to positive change. This reminds me of how Idiagbon was criticised in the early 80S until we got the kind of leader we deserved in the person of IBB.
I am a shareholder in these failed banks and lost a lot of money. But my venom will always be directed at the real culprits- the corrupt CEO's.

Idiopathic, your position is understandable especially when viewed from the fact that your are judging based on the limited information available to you.If you had much more information and real data on the true condition of the banks before and after Sanusi's actions, you, being a reasonable and brilliant fellow, you would judge differently.

I would just pose one question to you.
The economic crises started in Nigeria in January of 2008(stock price crash) and accelerated in October 2008(Oil price fall).
How come for over a year after up until August 2009, banks were still able to pay huge salaries, meet up with depositors demands, build more branches, pay dividends, etc and yet they did not collapse.
How come Sanusi tells us they were about to collapse when there were no signs of such??
They had problems like every other bank worldwide did, no doubt. But they surely weren't about to collapse
Always ask questions. Don't just swallow hook, line and sinker every thing you hear.

Sanusi will be freed to go lecture in sharia where his agbero behaviour would be most welcome. He will soon learn that CBN is not Ojota motor park.

PapaBrowne:

Idiopathic, your position is understandable especially when viewed from the fact that your are judging based on the limited information available to you.If you had much more information and real data on the true condition of the banks before and after Sanusi's actions, you, being a reasonable and brilliant fellow, you would judge differently.

I would just pose one question to you.
The economic crises started in Nigeria in January of 2008(stock price crash) and accelerated in October 2008(Oil price fall).
How come for over a year after up until August 2009, banks were still able to pay huge salaries, meet up with depositors demands, build more branches, pay dividends, etc and yet they did not collapse.
How come Sanusi tells us they were about to collapse when there were no signs of such??
They had problems like every other bank worldwide did, no doubt. But they surely weren't about to collapse
Always ask questions. Don't just swallow hook, line and sinker every thing you hear.

They don't realise that modern economics is hinged more on human behaviour (especially in brand confidence) than in ready cash supplies. But I believe Sanusi's remit was to make Nigeria more willing to take on sharia banking by killing any blossoming sophistication in the Nigerian market. We are now back in pre-history.

@Beaf,

well done,
Abeg wetin be ''blossoming sophistication''.?
Is it the samething with what my aunt and uncle dem do for Oceanic and Interconti?
Thank you.

Beaf:

They don't realise that modern economics is hinged more on human behaviour (especially in brand confidence) than in ready cash supplies. But I believe Sanusi's remit was to make Nigeria more willing to take on sharia banking by killing any blossoming sophistication in the Nigerian market. We are now back in pre-history.

Nigerian stock market and banks started collapsing about a year before the credit crunch commenced in the west. I think it is disingenuous to blame the trouble in our banks to the global financial meltdown.

Most stocks in the west have recovered and even surpassed their pre-credit crunch value, but our stock market remains moribund.

Let us examine the different causes in these two regions:
In the west, the credit crunch was caused by too much leverage, risky lending to subprime (poor folks) borrowers.
In Nigeria, the problem was caused by the corrupt CEO's lending to themselves, lending to their fellow billionaires without collateral and outright incompetence. So, are you surprised we are not seeing any signs of recovery.

citizenY:

@Beaf,

well done,
Abeg wetin be ''blossoming sophistication''.?
Is it the samething with what my aunt and uncle dem do for Oceanic and Interconti?
Thank you.

It is the developing of financial instruments that are as good as raw cash. In the modern World, trade is no longer brick and morter and raw cash; trust, ideas, methods, techniques, positions, confidence etc are marketable. We were beginning to build true financial insitutions; if any of the CEO's was corrupt, why couldn't Sanusi deal directly with the corruption, instead of marauding like a bull in a China shop? That man has single handedly taken us back at least a decade.

For him, banking is all about raw cash, trust and instruments are criminal to him. But then, what do you expect from a bushman?