eku_bear:

I agree with him.

Any federal government funds spent on Islamic banking (rather than a secular, non-interest banking) should be matched by funds on Christian banking.

Personally I think the idea of religious banking is dumb. But if they want to spend billions promoting one religion, then they'd better spend the exact same amount promoting another.

hercules07:

@eku

You do not want government to put money in Islamic banking but you are comfortable with Sanusi bailing out banks headed by pastors abi, your hatred for Islam is not a good thing, I will rather government puts money in any venture that is profitable, I do not care if it is Islamic banking or Christian banking. The CAN president is just a noisemaker, he should face his job rather than trying to play politics.

hercules07:

@eku

You do not want government to put money in Islamic banking but you are comfortable with Sanusi bailing out banks headed by pastors abi, your hatred for Islam is not a good thing, I will rather government puts money in any venture that is profitable, I do not care if it is Islamic banking or Christian banking. The CAN president is just a noisemaker, he should face his job rather than trying to play politics.

premechaz:

The guy is something else. He doesnt really know what he is talking about, maybe he did not consult Katsumoto before posting. Who knows?



Very inconsistent guy.

eku_bear:

Either I'm inconsistent, or you are too stvpid to understand the point being made. One of the two.

Erastus B. O. Akingbola FCIB, FNIM, FCS, MON served as the Managing Director/ Chief Executive of Intercontinental Bank Plc (formerly Nigerian Intercontinental Merchant Bank Limited) since 1989. Dr. Akingbola has over 31 years continuous banking practice embracing commercial banking, merchant banking, discount house operations, leasing and insurance. He started his banking career with Barclays Bank (Union Bank ) in 1971and rose to the position of Assistant Accountant in 1977, before leaving for NAL Merchant Bank Limited as Executive Assistant in the Operations Department. He rose rapidly at NAL, Becoming a Senior Manager in 1984. Dr. Akingbola joined First City Merchant Bank Limited in 1987 and served as its Controller of Operations from 1987 to 1989. He serves as the Chairman, Intercontinental Securities Limited, Associated Discount House Limited and Tropics Finance Limited. He serves as Vice Chairman of Intercontinental Bank Plc. He serves as a Director of Intercontinental WAPIC Insurance Plc. He serves as a Director of Equity Bank Nigeria Limited, West African Provincial Insurance Company and Gateway Bank Plc. Dr. Akingbola belongs to several professional organisations and served as President, Lagos Business School Alumni Association (1998-2000), the Institute of Chartered Secretaries and Adminstrators of Nigeria (ICSAN). He was recently conferred with the national honour of Member of the Order of the Niger (MON) BY president Obasanjo inrecognition of his monumental contributions to the development of the Nigerian economy. Dr . Akingbola has attended several banking and executive management courses both locally and internationally in the USA (Harvard Business School), France, Switzerland, Singapore, Britain etc. Dr. Akingbola, holds an MBA from the University of Lagos in 1986. Dr. Akingbola is a fellow of both the Chartered Institute of Bankers, London and Nigeria, the Nigerian Institute of Management and the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN).

eku_bear:

Here is the man's profile from Business Week:
http://investing.businessweek.com/research/stocks/people/person.asp?personId=26253126&ticker=INTERCON:NL

So by virtue of this man also being a pastor at his church, something part of his PRIVATE LIFE, then the company he happens to be MD of becomes a Christian bank?

Na wa o

Supposedly 70% or so of students are failing WAEC. . . I am starting to understand why

We gathered that top banker confessed recently that most of the things he reads in the Bible help him to run the bank. Also, we gathered that doesn't joke with Redeemed Church activates. For instance, he goes to church on Saturdays for Sunday school review and ministers meeting. On Sundays, he leaves his home for church by 6:30am to start workers meeting. Thereafter, he attends kiddies Sunday school. After that, he goes back to school till 1pm. Then he comes back for evening service. He also travels across the world preaching and winning souls for Christ


http://www.modernghana.com/lifestyle/1407/16/my-life-as-redeemed-church-pastor-intercontinental.html

.

eku_bear:

Demonstrate that he only hired Christians, lent money according to Christian principles, etc before you call it a Christian bank.

Anyway, Christianity is a fairly fragmented religion. Saying "Christian" bank wouldn't even mean much. Are you saying that as a Catholic he was biased in favor of Catholics? Or only hired other Jehovah's Witnesses?

Wtf does Christian bank even mean, when Christianity is fairly fragmented itself?

Many people don't know that the managing director of wave-making intercontinental Bank, Mr. Erastus Akingbola is a born again Christian and Redeemed Church Pastor. We heard that the top banker cum man of God runs the strong financial institution with all sense of sincerity and fairness to all, no matter your status.

For instance, if a security guard or driver is seriously ill and needs to seek medical attention abroad, intercontinental Bank under his leadership will fly the staff overseas for the treatment and foot the bills. This explains why the bank staffs are so committed and passionate about their job. We were told that the boss adheres strictly to the basic principle of 'Do unto your neighbour as you want them to do unto you'. He is very careful about the way he treats both customers and workers of the bank. Also, he takes the statement made by Jesus Christ that we should not be sinful in our business very serious. He also observes that parables of returns and rewards as stated by Jesus Christ in the Bible.

We gathered that top banker confessed recently that most of the things he reads in the Bible help him to run the bank.

Dr Akingbola is the Madoff of Nigerian banking, a crook who brazenly diverted funds to his wife’s companies while emasculating all his top management executives. He hides behind the cloak of religiosity using his “Christian” carapace to fool members of the public. He has decimated an institution by refusing to hire competent managers and allowing parochial ethnic and religious considerations to influence key judgements. Even junior staffers of the bank are taught that the bank is built on Jesus and cannot be "pulled down" by detractors. This sort of shallow thinking encourages sloth and inefficiency. How can managers be effective when they are not held accountable for their actions?

http://saharareporters.com/perceptor-page/fall-erastus-akingbola

premechaz:


He has alluded to something like this in the past, on TV. But hey, Business week baby!

Now we are now shifting the goal post? I tell ya, Kobo has nothing on you.

premechaz:


All these things are well known in Nigeria. Intercontinental is a christian institution. period.

premechaz:

Funny. What else do you know about Akingbola. You get your information from Business Week. I get my information from knowing people working at Intercontinental, his radio station, and from people close to him.

Obviously, I am not the only one taking this position. If only you would sit back and try to understand things the Nigerian way. You look at everything from the US POV. And yes, without mincing words, Intercontinental is a Christian bank.