"The mandate of the CBN is monetary and financial systems stability. And we have delivered on that mandate. That is what matters. Inflation is moderate. There is no volatility in money market and exchange rates. The banking system that was on the verge of collapse is now stable, as the banks' balance sheets are being repaired. We have taken steps to improve governance, fighting corruption, eliminating criminal behaviours, improving risks management, enhancing disclosure and transparency are still in line with that mandate. It does not matter whether any politician is happy or not," he said.

"For many years, we complained about banks continued declaration of huge profits in a depressed economic environment. People have been wondering where these profits were coming from. More than a year ago, banks were afraid to disclose that their profits for the following year are lower than that of the previous year. They were ready to do anything to show that they were making profits, including paying dividends.

"But, we have come to a stage where the banks have recognized that it is not a crime to make losses. If a loan is booked, and because of the poor economic environment, the loan becomes non-performing, if it is provided for and disclosed honestly, the market will not punish anyone for it," he said.

Criticisms are welcome

On the recent criticism of his administration, policy as fuelling uncertainty in the financial system and capable of grounding the economy, Mr. Sanusi noted that public policies are always subjects of open criticisms, adding that public officials should always understand that such policies would not be accepted by everyone.

"The mandate of the CBN is monetary and financial systems stability. And we have delivered on that mandate. That is what matters. Inflation is moderate. There is no volatility in money market and exchange rates. The banking system that was on the verge of collapse is now stable, as the banks' balance sheets are being repaired. We have taken steps to improve[b] governance, fighting corruption, eliminating criminal behaviours, improving risks management, enhancing disclosure and transparency[/b] are still in line with that mandate. It does not matter whether any politician is happy or not," he said.

It does not matter whether any politician is happy or not," he said.

vinooh:

thousands of nigerians had been sacked by banks Mr sanusi as a head no feeling no comment and still claiming good decision

tkb417:

This is scorecard!!!!!

but the evilmen wants him sacked

i have of what the indices were saying b4 he came on board and what we have now, can somebody help us?

SLS carry go!!!
Nothing do you

Sagamite:

Shut up!

There is a difference between being informed before talking and just talking from your arse.

Do you think everybody wants to be informed?

All they want to see is that banks are hiring, stock market share prices are skyrocketing without any real value seen being added and anything else that excludes these is a failure, even though the banks are taking excessive risks.

You are now coming here to talking about factual indices you have seen like if it counts. Abegi, lets just have banks that loan billions to friends without due process as long as banks are the biggest employers.

tkb417:

If the man hadnt done what he did, people would have lost money, sacked and the economy woulda been in coma

Sagamite:

Shut up!

There is a difference between being informed before talking and just talking from your arse.

Do you think everybody wants to be informed?

All they want to see is that banks are hiring, stock market share prices are skyrocketing without any real value seen being added and anything else that excludes these is a failure, even though the banks are taking excessive risks.

You are now coming here to talking about factual indices you have seen like if it counts. Abegi, lets just have banks that loan billions to friends without due process as long as banks are the biggest employers.

mbulela:

All they know is that he went to Sudan, so he must be a fool.