Sanusi Says: Bank CEO's Should Be Tied To Stake And Shot Dead.

I'm sure his sycophantic defenders will just ignore this. The law of karma will soon catch up with him. He is on borrowed time.

Not all the debtors except those who intentionally refuse to service their loans(Shareholder's money) e.g Peter Ololo ,because those business moguls use bank loan to finance projects

The Tribune article says debtors. The Guardian article says Bank CEO's. I think Sanusi is refering to the CEO's not the debtors.

sanusi don come again with rascality! e be like say dem catch am with carelessness dis time.

truth be told, de money wey these bank executives don mismanage (or steal) don pass de total combined amount wey people accuse ibb, obj, ibori, and others of stealing. de amount dey unbelievable. people no really fit process N1 trillion. 

i know say many of una here don express say, ibb, obj, or ibori, needs to be shot for various atrocities. na with de same emotion wey sanusi take make dat statement.  make una no forget say nigerian journalists don turn to sensationalism as their modus operandus.

de man just express his opinion and make una note say, his comment contained the following "If not for the rule of law"

frankly, most nigerians would agree with sanusi and most of dem sef go gree say, anyone wey court convict of stealing  billions of naira wey belong to nigerians, should be indeed shot, be they bankers, governors, ex-presidents, or others.

Yes Bokom Haram

The Chinese that build stuff for us and we run to for all kinds of things, kill people that steal money in their country Sanusi said if not for rule of Law. I dont subscribe to capital punishment.

The leader is a microcosm of we the people. So many people wish those people dead for their sins but are the sins equal to the crime?

oh boy, de one wey worse pass boko haram, na una leaders wey dey make policies and de policies dey lead to the deaths of 100's of nigerians daily. imagine how many lives will be saved if una leaders use funding for road construction responsibly.

banker wey fit give loan of N45billion with only N5billion collateral, worse pass any boko haram criminal activity. de statement wey dem attribute to sanusi, if true, na simply a reflection of the thoughts of most nigerians.

if one sergeant doe rise up and kill most of these people, most nigerians go jump for joy, with de exception of de ones wey dey diaspora, expectedly.

de ting wey dem accuse these ceo's of, is 1000% worse than stealing. if you buy shares from some of de banks for N6million and because of de irresponsible loans, your N6million is now worth N600,000, you go sabi say, dem don do you more harm than stealing ya money!

person wey give out loan of N45billion with N5billion collateral, don break every rule wey banks must operate under. dem don criminally put deposits at great risk. by de time wey efcc finish with dem, true picture go emerge.


oh boy, government people and these bankers na birds of a feather, dem all need to pay for any crimes wey dem commit.  tief na tief, whether na banker or government official, dey irrelevant. court go determing who go go prison, soon enough.

na de bankers wey give irresponsible loan wish for his or her own downfall.  when dem carry money of depositors, share am, willy nilly, and tink say nobody go catch dem, they only have themselves to blame.

But na global thing. The whole world has suffered the downturn. It was the extremities of  capitalist system that is responsible for the downturn and not the bank CEO's.

Nothing wrong in giving out loans without physical collateral. Sometimes reputation or credit worthiness is enough collateral.
Also, most advanced countries give capital to businesses without "what we call collateral in Nigeria".
If someone has a project to execute and that projects is worth billions of dollars, how does one come up with a collateral for such a project?
Sanusi is just trying to deceive those that aren't in the know.

please let us see this accusation or should i say the court papers

The accusation as I understand; is that they are giving out loans to companies they CEOs have interest in
they are giving out loans to companies that did not pass their credit risk checks

Secondly they are not making any attempt to recover the loans, you'll notice it's only this year companies start suing or writing to the president about companies refusing to pay back after defaulting

Some loans have absolutely nothing to do with recession! and if it has something to do with recession, why are they not prepossessing the properties or taking controlling shares in these companies to recover their loss?

It is fair to say that you are not well informed on Sanusi's banking palaver.
Sanusi's has repeated a million and one times that the problem is that these banks over exposed themselves to Oil and Gas as well as Margin traded loans. He asserts that they didn't follow proper risk assessment practices before giving out these loans.

Now I do not disagree with him on that point. There was some recklessness across the world financial sector. Not only here in Nigeria.
The whole world went crazy with applying capital to risky trades.

Now what I don't understand is why a CBN Governor would make a comment like that towards folks that haven't been found guilty of any crime whatsoever.

Imagine his choice of words "shot dead".  Thats coming from a Governor of central bank,  sound frustrated. The Northern agenda has been uncovered

Papa, why are you trying to defend the indefensible.  Snausi is just restraining himself from declaring the former CEO's as ROGUES. He has said so in so many ways. It is just that he had acted within his powers to sanction them, it is left for the courts to try them.

If you insist that the former CEO's are not criminals, then you have no basis for calling IBB, ABACHA, IBORI, and other politicians, thieves.

Until we learn to call a spade a spade, we will be moving back into the stone age.

So, a top public servant can open his mouth to the press and utter such nonsense. This country, where the fuckin chrissake are we heading to.

Yes. . shoot them and invite Adenuga for a cup of tea.

Bernie Madoff has been incarcerated for life, and he is probably someone's bitch in jail already. As for those who we have been praying for thunder and fire them, has any of them even slowed down their looting?