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CBN Intervention Damaging Economy, Says Gusau by Nchara: 3:47am On Apr 19, 2010 |
CBN Reform Damaging Economy, Says Gusau http://www.thisdayonline.com/nview.php?id=171311 |
Re: CBN Intervention Damaging Economy, Says Gusau by Nchara: 3:48am On Apr 19, 2010 |
Nigerians have now to choose between the reforms of Soludo and those of Sanusi. We have to wait, unfortunately, until Sanusi is out of office before we see the full picture. |
Re: CBN Intervention Damaging Economy, Says Gusau by SapeleGuy: 9:35am On Apr 19, 2010 |
Glaring truths from Gusau. You can accuse Soludo of many things but you can't accuse him of destroying the economy. That feat was achieved by Sanusi within 2 months of assuming office. That has to be some sort of record. |
Re: CBN Intervention Damaging Economy, Says Gusau by Nobody: 12:45pm On Apr 19, 2010 |
Gusau (Government) has officially in one fell swoop passed a vote of no confidence on Sanusi. When will he make good his promise and resign? |
Re: CBN Intervention Damaging Economy, Says Gusau by otokx(m): 12:50pm On Apr 19, 2010 |
This is not good. |
Re: CBN Intervention Damaging Economy, Says Gusau by adconline(m): 12:54pm On Apr 19, 2010 |
Did this man get a "C' in economics in secondary school? Someone who could not forecast that there would religious riots in the north is not qulified to be an LG chairman let alone a national security adviser |
Re: CBN Intervention Damaging Economy, Says Gusau by princekevo(m): 1:08pm On Apr 19, 2010 |
[list] [li]CBN had also taken other measures which include the proposed categorisation of banks and proposed scrapping of universal banking within the next 18 months, which has been condemned in some quarters. On anti-corruption, Gusau said: "The anti-corruption campaign has been largely considered to be ineffective and selective , because it penalizes a few unfortunate individuals while society see many they consider guilty enjoying their loot in freedom". Acting President Goodluck Jonathan had earlier lamented that the anti-corruption war lacks vigour and that the crusade would be reinvigorated.[/li] [li][/li] [/list] Very soon the pro-Sanusi will also come to disprove the above analysis that this time came from a top governement official. I hope AG. president Jonathan calls him back to order or better resign |
Re: CBN Intervention Damaging Economy, Says Gusau by Nobody: 1:32pm On Apr 19, 2010 |
adconline: Do you want to critisize consrtuctively or are you just going to attack his person? Me I still dont seen anything wrong in what he said! |
Re: CBN Intervention Damaging Economy, Says Gusau by tkb417(m): 1:36pm On Apr 19, 2010 |
and what does Gusau know about banking and the economy |
Re: CBN Intervention Damaging Economy, Says Gusau by Nobody: 1:46pm On Apr 19, 2010 |
Folks this debate has moved beyond economics. It is now a question of whether Government is confident in Sanusi's reforms. Indications from Remi Babalola (Minister of State for Finance) and Aliyu Gusau says Government has lost confidence in Sanusi's abilities. It is time for Sanusi to resign. |
Re: CBN Intervention Damaging Economy, Says Gusau by tkb417(m): 1:53pm On Apr 19, 2010 |
Maybe he shd resign and let the rot continues he inherited banks with bleak futures, took over an economy with a galloping interest rate, took over an ailing economy in short pls, do a quick recap of the indices and lets see if the economy is worse off maybe, losing confidence = not been able to launder money through bank CEOs irresponsible lot and wtf did Remi Babalola do while in office? These are chaps i know very well. They did nothing im not saying Sanusi is 100% ok but hey, hes got to do this or else, we'll suffer later. His approaches and methods might be faulty, what the FG needs to do is work with him and make their concerns known through the Daggash, Babalola and othe knowledgeable professionals in the govt and not making spurious remarks that wont do nothn. for months, i can do bizniz knowing fully well, the dollar will not gyrate beyond 148-151 circa, wtf are these guys talking about? they wanna bring back round triping, authority stealing in the banks? hell no |
Re: CBN Intervention Damaging Economy, Says Gusau by Nobody: 2:08pm On Apr 19, 2010 |
The office of CBN Governor is not for Marxists and Human Rights Activists, so the number Bank CEOs you luck up will never be a standard of measure because it is not a macro-economic index. We can not over-emphasize this point. We have very weak foundations and our economy needs to be nutured and grown, so do our Financial System. You can not implement stringent text book IMF regulations designed for multi-variate strong economies in ours and expect to get the same result. Our focus should be on growth. Government has come to this realisation due to loss of jobs. Sanusi should go, Government has no confidence in his abilities anymore. |
Re: CBN Intervention Damaging Economy, Says Gusau by tkb417(m): 2:13pm On Apr 19, 2010 |
i wont understand the logic in ur agument in a billion years Sanusi shd go because a stealing govt has lost confidence or because he has 'eroded growth'? what is growth? The nation has grown in sanusis era compared to the erstwhile regime brother!!!!!!! what has the incarceration of Bank MDs gotta do with economic growth? hehehehehe, i laff in spanish u dont have a prayer bro |
Re: CBN Intervention Damaging Economy, Says Gusau by doyin13(m): 2:19pm On Apr 19, 2010 |
First things first. . .I find it more than a bit odd that the Security Adviser is pontificating on Economic matters only tenuously related to Security issues. |
Re: CBN Intervention Damaging Economy, Says Gusau by Nobody: 2:24pm On Apr 19, 2010 |
tkb417: Everyone else in Government is stealing while Sanusi is a prophet and God's representative on earth. Have you taken a look at what the lazy MDs Sanusi appointed have been doing? Mistakes where made across board which needed to be corrected. It does not mean we should drag the system itself down. Besides the mirage that the banks were on the brink of collapse before Sanusi came were made-up and has been challenged by stakeholders. |
Re: CBN Intervention Damaging Economy, Says Gusau by Nobody: 2:25pm On Apr 19, 2010 |
But the economics of this debate don't matter anymore Government has passed a vote of no confidence on Sanusi, he should resign. |
Re: CBN Intervention Damaging Economy, Says Gusau by Nobody: 2:27pm On Apr 19, 2010 |
He claims to be a principled man. His integrity is now under question let us see if he will be courageous enough to resign. |
Re: CBN Intervention Damaging Economy, Says Gusau by tkb417(m): 2:34pm On Apr 19, 2010 |
LOL! i don tire, u dont have a basis for ur argument so im stoping here |
Re: CBN Intervention Damaging Economy, Says Gusau by Nobody: 2:39pm On Apr 19, 2010 |
tkb417: you don't either You are working on the assumption that everyone else in Government is a thief but Sanusi and that the world was coming to an end before Sanusi stepped in. For you Sanusi is a messiah and that is why it will be difficult for you to see things from other points of view. But like I said the economics don't matter anymore. It is now a matter of confidence and integrity. The Government has passed a no confidence vote on his ability. let him resign. |
Re: CBN Intervention Damaging Economy, Says Gusau by tkb417(m): 2:45pm On Apr 19, 2010 |
ok, i agree |
Re: CBN Intervention Damaging Economy, Says Gusau by adconline(m): 3:11pm On Apr 19, 2010 |
Do you want to critisize consrtuctively or are you just going to attack his person? Me I still dont seen anything wrong in what he said I wonder what's constructive about his statement. What credibility does this man have to criticize Sanusi? Under his watch, a lot of Nigerians had been killed because of his lack of vision. He has consistently failed to see the signs of violence in Niaja. Here is a man whose office was responsible when Mutallab Sr informed them that his son, Abdul Mutallab was on a suicide mission, he did nothing with his authority, now he's coming off to you an eminent economist even though he has clearly failed in his capacity as the Chief Security Informant. |
Re: CBN Intervention Damaging Economy, Says Gusau by Arkison: 3:37pm On Apr 19, 2010 |
adconline: Some good thoughts here. General Gusau, during his time as Security Adviser to Obj have not proved himself capable of containing the security situations in this country. His failure is glaring from Gusau, his hometown and the capital of Zamfara State, which is the epicentre of the religious earthquake that rocked Nigeria during Objs regime. As a security adviser, he failed in his assessment of the effect of Political-Sharia on the security, peace and unity of the country. His credentials as a Security Experts are merely exageraed. Nevertheless, Gusau comments on Sanusi's method should stand on their own. Unless, Gusau, who have been in and out of government have some personal interest in the Nigerian banking system. After all that is what the elites do. They are involve neck deep in all shaddy deals in the banks. |
Re: CBN Intervention Damaging Economy, Says Gusau by RoadStar: 3:41pm On Apr 19, 2010 |
And who is Gasau ? Where was he all this while ? |
Re: CBN Intervention Damaging Economy, Says Gusau by Nobody: 3:59pm On Apr 19, 2010 |
Gusau's attack on CBN says a lot about the powerplay between various interest groups, who are hellbent on manipulating the Jonathan Adminstration to achieve their own selfish ends. . . Gusau belongs to the IBB camp if my memory serves me right. |
Re: CBN Intervention Damaging Economy, Says Gusau by OAM4J: 4:05pm On Apr 19, 2010 |
tkb417: The bold is exactly the problem and the reason for the no confidence vote. He is fighting a good fight, but not in the best possible way. the increase unemployment and lack of credit for businesses to thrive that his methods created is a big blow to the economy |
Re: CBN Intervention Damaging Economy, Says Gusau by OAM4J: 4:07pm On Apr 19, 2010 |
adconline: I doubt you know Gusau. He was not yet the NSA during Mutallab mission. |
Re: CBN Intervention Damaging Economy, Says Gusau by Arkison: 4:12pm On Apr 19, 2010 |
OAM4J: He wasn't the NSA, but Mutallab inform him first about his fears. He didn't act on his insticts to have to boy brought back by Nigerian intelligence agencies, rather he referred to Baba Mutallab to American Embassy, which was unforturnately also manned by low level intelligent officials. |
Re: CBN Intervention Damaging Economy, Says Gusau by OAM4J: 4:23pm On Apr 19, 2010 |
Arkison: The father had no knowledge of the exact whereabout of the son at the time he was seeking for advice. The best advice Gusau could give at the moment was to advice the father to inform the embassy. Today that singular advice followed was the only credible thing for the nation in the whole saga. |
Re: CBN Intervention Damaging Economy, Says Gusau by Beaf: 4:36pm On Apr 19, 2010 |
OAM4J: I was going to say the exact same thing! |
Re: CBN Intervention Damaging Economy, Says Gusau by Arkison: 4:44pm On Apr 19, 2010 |
OAM4J: Agreed. But what can you say about his performance during Obj, where, the security of this country degenerate to a level never know before. What is his role in: the invasion of the Nigerian army in Odi, ZakiBiam, Jalingo etc. What did he not do in the Jos crises from 2001 till 2007? What is role in the Sharia related violences that erupted from his hometown Gusau. We need to review the state of the security situation under his watch before he can be considered a security guru. My own feelings he is a dangerous man. He has been responsible or involved in the Nations security for a number of years and he has nothing to show as success other than his 3Stars as general |
Re: CBN Intervention Damaging Economy, Says Gusau by Nobody: 4:52pm On Apr 19, 2010 |
I think this is the begining of the end for DOOM AND GLOOM ECONOMICS |
Re: CBN Intervention Damaging Economy, Says Gusau by OAM4J: 4:58pm On Apr 19, 2010 |
Arkison: ok, let's leave Gusau's security performance debate till another time. I am not a security expert, but just to say quickly that there must be something about his security intelligence that has made him well sought-for, for that position by most of the administrations since IBB regime. May be some of the excesses you quoted were not his but that of Obj, it is one thing to advice and another thing to take advice. I was only commenting on the fact that he has no blame on Mutallab mission. |
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