kokoA:

Do not criticize this guy for the sake of criticism. Can any one here prove that Sanusi is going against the laws of CBN? Can we stop this market women gossip please.

I expect an expert in the financial sector to post a reply to this post telling us if the CBN also has rights to embark on projects like these. Get the right information before you jump on your keyboards please

702:

CBN undertakes 3 main fnx
1. Traditional fnx
2. Regulatory fnx &
3. Developmental fnx---they assist banks for commerce n industry. so no harm as such in constructn of 5 star hotel n conf centre,

Its only tryin 2 tap limitless opportunities in d real estate sector, huge investment, hpfully creatn of job n attrx of foreign investors

kokoA:

Do not criticize this guy for the sake of criticism. Can any one here prove that Sanusi is going against the laws of CBN? Can we stop this market women gossip please.

I expect an expert in the financial sector to post a reply to this post telling us if the CBN also has rights to embark on projects like these. Get the right information before you jump on your keyboards please

edoyad:

Wise words, it's better to avoid jumping on the band wagon. I'm still waiting to hear from someone who knows about CBNs functions.

Let's not change "Akara" to "puff puff" bullshyt is bullshyt anywhere in the world.

The CBN's funnctions are;
*****implementing monetary policy
*****determining Interest rates, used to manage both inflation and the country's exchange rate – and ensuring that this rate takes effect via a variety of policy mechanisms
*****controlling the nation's entire money supply
******the Government's banker and the bankers' bank ("lender of last resort"
******managing the country's foreign exchange and gold reserves and the Government's stock register
******regulating and supervising the banking industry


Building fancy cinemas, malls, hotels and public toilets isn't exactly what a CBN governor should be planning, more ashamedly given the fact that the nation currently moans under soaring rates of unemployement and starvation!

The hotel being planned, even though will gulp billions, has no immediate impact on the economy overall, i wouldn't think a foreign investor would be looking to invest millions of dollars in Nigeria simply because their are fancy hotels there, the Net Present Value of this shytty project is most likely negative in the medium

Is Sanusi Mad?

If the Pat Utomis, Paschal Dozies, Ezekwesilis, Okonjo-iwealas, etc have not made any negative remarks about this move, then I don't think anybody here is well informed about the operations of the CBN.

crispy007:

he took the CBN job because he wanted to return to his father's throne that had been denied him now - the Sultan. and to finance it, he will n[b]eed a Federal Government Project that he can convert afterwards like the heralded [b]OPERATIONS FEED the NATION (OFN) that later became Obasanjo Farms Nigeria (OFN).
Before  further ado, lets ask him what the name of the hotel is gonna be ,  thinking Seniora Lakeview Support Hotels (SLSH) and  Sanusi Lamido Sanusi Holdings (SLSH)    

kokoA:

From all the replies I have seen so far, I can confidently say we are all looking at it fro a lay man's point of view. I refused to be convinced that CBN has done something wrong (that is if the report is true) until a reputable actor in the financial sector comes up ti criticize it.


If the Pat Utomis, Paschal Dozies, Ezekwesilis, Okonjo-iwealas, etc have not made any negative remarks about this move, then I don't think anybody here is well informed about the operations of the CBN.

fawazbruce:

For all sanusi supporters, i want to ask them if they heard of the Las vegas resorts that Alan Greenspan built during his tenure as chairman of the federal reserve bank system(America's ownCBN)?

How many Malls did Alan greenspan build? If you dont know much about finance, please keep shut or ask!!!.

How can the CBN whose job is managing the nation's economy be involved in building a hotel!!!

I have always said we know sanusi's true agenda when he was made CBN governor. We saw thru his tricks and we still are tracking his actions. That we know his end game should be enough for him to know we see thru all his funny moves.

The naira is depreciating, interest rates are in the range of 18-25%, loans are drying up, agriculture is not being encouraged and sanusi wants to become a hotelier

I dey laugh in egbesu!!!

blink182:

Edit your post, you are contradicting yourself

fawazbruce:

For all sanusi supporters, i want to ask them if they heard of the Las vegas resorts that Alan Greenspan built during his tenure as chairman of the federal reserve bank system(America's ownCBN)?

How many Malls did Alan greenspan build? If you dont know much about finance, please keep shut or ask!!!.

How can the CBN whose job is managing the nation's economy be involved in building a hotel!!!

I have always said we know sanusi's true agenda when he was made CBN governor. We saw thru his tricks and we still are tracking his actions. That we know his end game should be enough for him to know we see thru all his funny moves.

The naira is depreciating, interest rates are in the range of 18-25%, loans are drying up, agriculture is not being encouraged and sanusi wants to become a hotelier

I dey laugh in egbesu!!!

fawazbruce:

For all sanusi supporters, i want to ask them if they heard of the Las vegas resorts that Alan Greenspan built during his tenure as chairman of the federal reserve bank system(America's ownCBN)?

How many Malls did Alan greenspan build? If you dont know much about finance, please keep shut or ask!!!.

How can the CBN whose job is managing the nation's economy be involved in building a hotel!!!

I have always said we know sanusi's true agenda when he was made CBN governor. We saw thru his tricks and we still are tracking his actions. That we know his end game should be enough for him to know we see thru all his funny moves.

The naira is depreciating, interest rates are in the range of 18-25%, loans are drying up, agriculture is not being encouraged and sanusi wants to become a hotelier

I dey laugh in egbesu!!!

he is trying to convert unreal financial resources into real profitable use

only to later confess that he is the best INEC Chief ever!

blink182:

In the first bolded, you seem to be supporting Sanusi's act by citing Alan as an example then you turn around to strongly kick against it

edoyad:

Wise words, it's better to avoid jumping on the band wagon. I'm still waiting to hear from someone who knows about CBNs functions.

violent:

1. could you explain this? what are the unreal financial resources? liquid cash?

2. this is very debateble, and I'm among the group of naysayers who feel all those who support this notion have bubbles in place of brains.

joecrack:

I mean WTF with some of these guys who bring these crappy stories and put a blog that is not credible as reference,i'd googled this story and cant get any credible source commenting on it,so pls lets stop commenting on it until we are sure its for real

1. Like I said, I'm just guessing on this. But i sure know that the entire money available to the CBN is not in CASH. But in some crazy figures documented in computers. So those are the unreal financial resources. If CBN is to print all monies, then they will have unimaginably large warehouses to keep them.

joecrack:

I mean WTF with some of these guys who bring these crappy stories and put a blog that is not credible as reference,i'd googled this story and cant get any credible source commenting on it,so pls lets stop commenting on it until we are sure its for real

violent:

If it's those crazy figures you were refferring to, then they are as real as as daylight, they are the most liquid form of instrument available, and contrary to what you thought, they are about being tied down into some illiquid real estate asset!