CBN Ready To Sell Five Bailed Banks 100% To Foreign Investors

Seeling the banks? They should go ahead and sell Nigeria. May God deliver us.

Now you see the main reason why education is being bastardised, because if it is not then their children would not have better opportunities to take over. Now u know what Elite northerners are doing their best to drag the rest of the country down with them cause they know if they can destroy the standard of education then its easier for their children who are outside of the country, to take over and rule after them.

Now u know why Education overhaul is necessary and should be a jailable offense for politicians, and why most ruling seem to oppose anything education


Now you see why Sanusi's utterances and actions is starting to sound like the Northern Agenda afterall,

Now, lets say the CBN becomes successful and sells off the Banks to foreign banks or investors 100%, What will happen to the shareholders? Will they get their money back & how if they will  or they'll lose all?

    DONT BE SURPRISED. EVERYTHING ABOUT NAIJA NA POLITICS,

Of what impact will the Foreign Investors (or should i say BUYERS) have in the Doomed Economy?

I SMELL something behind SANUSI'S game.

Lets keep watching how it will end.

( Opin ni eyin cinima) The end,

@ remii

Well, TIME SHALL PREDICT THE SON OF PERDITION.        

Thanks for the insight

I am in support of this move. I prefer this country to be run by foreigners than Nigerians. The british should come back and colonize us.

We have already seen how nigerians are running this county.

Nairaland no go kill me ,   


What if they also want to colonise your wife  and your wife ends up giving you halfcaste pikin even though you are both as black as night wetin u go do 

the authorities just have to be extremely careful how they toil with our economy,  this whole issue transcends the banks involved and has its branches in every single economic variable.
secondly our journalist should stop using us,  why not divulge an already public message, afterall, it's still our message and we'll still hear it from other sources,

Would the sales of these banks actualy do any good to the banking industry? At least for the sake of the Nigerian economy and the on going recession, consolidation aint a bad idea rathan than acquire just foreign unknown investors to come flaunt their financial capabilities.

I guess the evidence is clear 4 all 2 see now, I had so manyt premises faulting his actions but many would hush you before you even start talking. Sanusi is clearly acting as a political weapon for those who were aggrieved in the consolidation programme and are seeking vendettas to rubish the likes of Ibru, Nwosu(Finland) & Akingbola. If you read the court case papers by Akingbola against SAnusi and the CBN you'll see that Sanusi had been party to the demarketing of Intercontinental as evidenced in their antics in trying to seize Kano State and CCECC accounts through demarketing techniques even before entering office.

The manner and reasons why SAnusi took over these banks is still a major bone of contention but the main area of concern is the wisdom in selling these banks to foriegn banks. Anyone who carefully followed the world economic crisis would know that these were heavily involved in catalyzing the recession. It was their poor judgements in giving out loans that destroyed the mortgage market in America and other practices like offshore banking, investment in high end derivatives etc. that landed the world into this mess. Some of these huge foriegn banks like Citibank were in worse situations than our so called troubled banks, It was the wise quiet intervention of their governments that saved them.

Also we should know from the history of foriegn banks in Nigeria that we cannot fully entrust a sizeable share of our banking industry into their control (that is even if this Northern Agenda thingy is for real), Foriegn banks have a way to conscious approach to our market as they believe we are a high risk country because of violence, corruption etc. And for these banks they would be shy to invest in SMEs and budding Local Corporates which any economists knows are the driving force behind any economy.

Also there is always a limit to how far our Nigerian bankers can rise in these banks and whether they would want not just export our talents to other nations, Also they would be milder on social responsibility activities which I must tell you is a very important aspect and duty of any company operating in Naija.

In summary Sanusi and Yar Adua must at first look at what their visions are for Naij's economy, We need to create an economy that isn't over reliant on the West but give opportunities for our businesses to grow on the international stage (this is what made China and India world powers). Also we should look at banks in a wider broader economic perspective (not just holders of depositors' monies) but look more importantly as a financial institution WHICH MOVES FUNDS FROM IDLE HANDS (DEPOSITORS) TO USEFUL ECONOMICALLY PRODUCTIVE HANDS (INVESTORS). These investors should be local and if we hand over the 3rd largest GDP contributing sector in our economy to foriegners we are making ourselves slaves in our father's land (Lest not 4get dey already control majority in the 2 odas ;oil and telecoms)

This sucks its just like a relay race they are just trying to exchange the batton, politicising the banking industry. There is absoultley lack of continuity in Nija everything is politicized but come what may, l hope nothing happens to the  depositors hard earned money.

Why?

9jarians are always suspicious