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Nairaland Forum / Nairaland / General / Business / How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal (8558 Views)
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How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by karlmax2: 9:04am On Oct 09, 2011 |
How CBN Governor, Sanusi Lamido Sold Intercontinental Bank To His Friends! Source: http://thestreetjournal.org/2011/10/face-of-a-fraud-how-cbn-governor-sanusi-lamido-sold-intercontinental-bank-to-his-friends/ |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by goksonjay(m): 2:55pm On Oct 09, 2011 |
i said it long ago that Sanusi has peculiar interest in bringing down of Akingbola and IB Plc. Let me just wait and reserve comment cos am sure time will tell. On Lamido Sanusi-s personalty inconsistency,does that mean that the beautiful ones are truly yet unborn |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by naijaking1: 3:42pm On Oct 09, 2011 |
A nation whose |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by texazz: 4:53pm On Oct 09, 2011 |
So this smear campaign is still on in force? |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by Pukkah: 5:02pm On Oct 09, 2011 |
It is too early to take side with anyone. Let people complain and let the accused defend themselves. If need be, let the whole process - sacking of banks' MDs, appointment of new ones and their transactions, and the recapitalization/sale activities - be audited by an independent body. So many rumblings and complaints (not limited to Intercontinental) are trailing the issues to the extent that they should not be ignored. |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by hercules07: 5:22pm On Oct 09, 2011 |
Dem nefa tire, let them continue with their stories, Intercontinental will be sold to people who will run it well, next time, Erastus will run a business the way it should be run. |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by naijaking1: 5:44pm On Oct 09, 2011 |
hercules07: Do you mean people they lent money |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by Bliss4Lyfe(f): 7:07pm On Oct 09, 2011 |
haba Mallam Sanusi, u are not yet in Aso Rock and already Cronyism applies. nawa ooooooo! |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by otokx(m): 7:21pm On Oct 09, 2011 |
The law courts are still open aren't they? |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by Akanbiedu(m): 7:32pm On Oct 09, 2011 |
Yawns |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by chines4(m): 11:31am On Oct 10, 2011 |
The question is did past mgt of IB Plc mess up and the answer is yes. So let them not complain |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by grafikii: 11:33am On Oct 10, 2011 |
lies lies lies |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by Kx: 11:35am On Oct 10, 2011 |
No matter how long it takes, truth will find its way out. We are watching the space. |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by Gayigaskia(m): 11:46am On Oct 10, 2011 |
Who is the author to the article Newsadmin? WTF? ; I see haters are out again with wishful allegations. As long as these bastards are not dealt with, this country will never progress one inch. Can you imagine they are also working hard against Fashola. LIes and all Lies SLS/Fashola or Fashola/SLS for 2015 |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by initiate: 12:21pm On Oct 10, 2011 |
chines4: so what you mean is this. if a girl wears a skimpy top she should not complain if she gets raped! |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by Blazing88(f): 12:33pm On Oct 10, 2011 |
COULD DIZ BE TRUE |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by chamber2(m): 1:14pm On Oct 10, 2011 |
Any body who still doubts Sanusi's craftiness must be an alien |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by Ayowumie(m): 1:19pm On Oct 10, 2011 |
If this is true, then i guess the Sanusi i know may have another personality different from the one i can see. Too early to take side though |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by passionate88: 2:46pm On Oct 10, 2011 |
islamic banking, piss be unto them, |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by koolguy88(m): 3:06pm On Oct 10, 2011 |
this story is true, he sold the bank to his men, |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by odedele: 3:19pm On Oct 10, 2011 |
Sanusi's insistence on determining the preferred bidders for the rescued banks creates the impression of ulterior motives on his part. If what he wants really is to recapitalize the banks, then all he should be interested in is setting broad guidelines for the exercise and not choosing those SANUSI is the prime driver of all the transactions, in the Finbank/FCMB merger, Access Bank/Intercontinental,Eko /OCEANIC, etc. In each of these transactions, CBN has been actively arranging, encouraging, discouraging and promoting bids as it pleases! The irony is that it is not even a secret. All over Broad Street and Marina, stories of these goings-on fly openly. Many were puzzled why CBN insists on denying its deep involvement in the process, and more important, why it insists on controlling it.How will access that is indebted 2 inter acquire it with mere 50b and Amcon which bailed out dis bank with over 500b has only 17% stake but sanusi gave his croony Aig 75% stake 4 mere 50b!!.FinBank wit over 180 and subsidiary is sold 2 balogun of relatively unknown FCMB 4 merely 5b as against vine capital dat put up a bid of 17b .Hope d national assebly will look into this financial robbery has it promise 2 organise a public hearing on this. |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by BiafranFirstSon(m): 3:21pm On Oct 10, 2011 |
The truth is that Lamido Sanusi did not close/sell intercontinental bank because of incompetence. He is indirectly taking over the bank. He's Just fronting the AIG Imoukhuede & Bukola Saraki giving them loans to make the takeover easier. I know some people will still blame GEJ for over loan. Haba Mallam Sanusi! |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by moderatorr: 5:15pm On Oct 10, 2011 |
main target- boko haram banking. |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by chines4(m): 5:57pm On Oct 10, 2011 |
initiate:No what I mean if you mismanage depositors fund,and betray their trust. You should not complain when CBN sells the bank to others to manage. |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by muyoto: 7:59pm On Oct 10, 2011 |
all the trappings of typical smear campaign. there just to many unproven accusations in the article. BTW: is it really possible for the bank MD unilaterally to write-of a debt of almost 10billion?? ABEEG! |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by loganx: 8:49pm On Oct 10, 2011 |
eve in crisis; Finbank is larger than FCMB Oceanic is Larger than Eko Bank Nigeria Intercontinental is larger than Access Bank there's is more to all these reforms than Sanusi is telling. he was solely brought in to carry out these take-over orchestrated by the under-pant bomber's father, Mutallab. give it 5 years, the real owners of all these take-overs will emerge. stupid fools rooting for someone stealing the public dry by selling businesses worth trillions for pea-nuts to his cronies |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by renewnaija(m): 10:40pm On Oct 10, 2011 |
chines4: What a very dumb post. So it is right to justify injustice cos two wrongs make a right? smh |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by Otunbakay(m): 2:18am On Oct 11, 2011 |
If i'd known i woundn't 've invested hundred of thousand in those shares. Well 've gotten over it but each time think back my heart still sink. No thanks to Erastus and his co drivers. |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by Kizilala: 4:08am On Oct 11, 2011 |
Not just intercontinental bank.He also sold Union Bank to his friends.African Capital Alliance is just a front.He sold it to Mutallab. |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by chines4(m): 1:52pm On Oct 11, 2011 |
renewnaija: Are u ignorant of the state of the bank book, the shareholders fund is in negative, its means that the depositors are at the verge of losing their deposits. AMCON bought over the bad debt of IB PLC and it was converted to equity. Its actually AMCON that sold the banks, CBN acted in supervisory capacity(and equally have the constitutional right to do so). And next time pls mind your language. |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by hyelhira: 6:58pm On Oct 11, 2011 |
Many of us applauded Sanusi when he sacked the CEOs but I don't know what to believe anymore. I saw a document prepared by ACCESS Bank on the merger and it was glaring that it was an 'arrangee' takeover. The document is at this link: http://www.accessbankplc.com/Library/Documents/Presentations/Business_Combination_with_Intercontinental_Bank_Plc.pdf. My graphical analysis of the ACCESS Bank document is as follows: https://www.nairaland.com/nigeria/topic-779467.0.html#msg9317078. Someone is not telling us the truth here. |
Re: How Sanusi Lamido Sold Intercontinental Bank To His Friends - TheStreetJournal by Nobody: 7:43pm On Oct 12, 2011 |
All these rubbish talk about northerner and southerner owning banks. What's my business, if at the end of the day a bank can not deliver proper service to of, I'll take my business elsewhere. |
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