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

If it is in a country were d rule of law is working rightly, they all deserved any punishment thats meant 4dem, just like what happend to  Madoff

i will only entertain all these arguments the moment anyone can prove to me that the CEOs were not guilty of all the crimes that Sanusi accuses them of.
until then, these arguments are baseless.
i share Sanusi's sentiments;these guys and women deserve to be hung on a stake and shot.
even Sanusi knows that our compromised judiciary will end up given these crooks a slap on the wrist.
i have said it before, Sanusi is fighting a lost cause but if he succeeds in putting the fear of God in the hearts o those crooks, all the better.

 I don't understand why people in NL are criticizing the achievement of Sanusi. He spotted out something that wasn't right in the banking sector, and people start complaining. I hears someone say something like " is it the fault of the bankers if their depositors don't pay?. Some people say the CEOs did nothing wrong,  May be you guys donnot know the magnitude of the FRAUD these bankers had been committing. For instance it was said that the CEO of Oceanic bank acquired a property for about 18million dollars in the name of the bank, and later spent several millions on renovating the same property. It was a very messy deal.
And ofcourse they'd been borrowing money from the bank using fronts. These same people would give a small banker target; go and bring 10billion naira. They dont want 2 know how it is done. Just do it.
I just hope sanusi profers a very good solution

The genesis of the problem of this country is in it's creation. It was a forced marriage. A nation that was not meant to be and that is why, no matter who is at the helm of affairs. . .his/her actions, aim, objectives, goals and achievements will ALWAYS be viewed from a tribalistic point.

Don't get me wrong, I'm not pro SLS (at least for now) and I'm not against the man. What got my attention was this:


The above makes sense to me and you will agree that truely, no one has come out to say otherwise.
Question is do we now say in order to protect a few "rich" men we should allow the country to rot away?

My concern however is this, what happened to the report of the other banks audited. Why are they yet to be published?

_I HAD RESORTED TO ONLY READING POSTS FOR THE LAST 6 MONTHS OR MORE, BUT AS RESULT OF SOME IRRITATINGLY HYPOCRITICAL POSTS I HAVE READ ON THIS THREAD….I'VE CHANGED MY MIND_

_What better proof do u want besides the FACT that shares in the affected banks bought by Nigerians with their hard earned money are TOTALLY WORTHLESS, the banks now belongs to CREDITORS,

Do u know that a certain CEO paid 10 YEARS RENT OF 800 MILLION NAIRA ON A PROPERTY WORTH 50 MILLION NAIRA owned by his own DAUGHTER???

The collective blood pressures of shareholders in these banks can power turbines to produce electricity for Nigeria for the next 70 years

They should be SHOT; limbs first, then two for each buttock, four in the abdomen and six in the chest. Maggots! _a

They will never learn. You know what habitual critics are following the popular maxim

AVOID HANGOVER, STAY DRUNK

why pay all that much rent if he can buy land and build a house ?! 

The rent is not for a house, it's to serve as an office for one of the bank's subsidiaries, the CEO was paying on behalf on the bank.

Put simply, he rented out his daughters building to his bank, paid 800 million UPFRONT as rent for 10 years, and the property is worth 50 million. Do the math.

 Yeah!! He is absolutely right! The mata f, kers deserve to be on a staircase to heaven.Corruption is evil,it has the power to destroy all ya. How i wish we are in China.

The guy has used an idiomatic expression for what he felt should be those culprits' punishment.

We need to deal with indiscipline and corruption with a reasonable punishment hence some folks
won't desist.

Gentleman pls respect yourself and dont say things u dont know especially blanket statements against a faith. You might disagree with sanusi and i respect your opinion but to call his statement "primitive islamic modus operandi" is a grave inuslt to the religion of islam which is not sanusis but of 1.75 billion people. No where in islamic law does it say a criminal should be punished without conviction in a court. Sanusi statement could be termed woteva but pls dont drag islam into it. Why is it when a muslim talks he his judged by his faith, when soludo was in power did anyone remmember him or analyse his statments from a catholic microscopic view? Please be matured enough to articulate your difference without emotional religious bias and falshood against a faith.

Sanusi's background as an "Islamic scholar" is the only putative reason for not only his falsely puritan approach to banking reformation in Nigeria, but the main reason why he can't even wait for the accussed CEOs to be tried and convicted before taking them to the shooting range to be executed.

What is the 'fact' you are referring to? Which shares are worthless? What was the price of the shares the day before the announcement? Was it worthless on that day? This is the kind of statement that worry me a lot. You blame your bad investment decision on other people who also made bad investment decision. Besides, one would think that if you were so angry about the "irrational hypocrisy" on the forum, at least you will be more astute in your writing. Rather you chose  to blur the line between loss in value and worthlessness. How can your shares be worthless when none of those 5 bank's shares is trading less than 3 naira? Unless you presuppose that share prices must be in continual upswing and that there is no risk in investment in shares, i don't see why you should join 'others' in 'irrational hypocrisy'.

You also alleged that property worth 50M was rented for 800M over ten years. I'm curious, do you the location of the property?

Your statement that they should be shot is over the top. CBN has levelled their allegations, it is left for the court to decide which is fact. Anybody in authority can peddle misinformation but the court eventually decide where the truth lies. If the court did not hear the Savanna bank case, we would not have known that the day CBN said they were insolvent, the bank has balance with CBN in excess of 1B. This was the basis of returning the bank's license. So, you might want to be guarded in your statement.

Sanusi and  ethnicity

Yoruba`s

"In sum, the Yoruba political leadership, as mentioned by Balarabe Musa, has shown itself over the years to be incapable of rising above narrow tribal interests and reciprocating goodwill from other sections of the country by treating other groups with respect. Practically every crisis in Nigeria since independence has its roots in this attitude.
The Yoruba elite were the first, in 1962, to attempt a violent overthrow of an elected government in this country. In 1966, it was the violence in the West which provided an avenue for the putsch of 15th January.



For so many years, the Yoruba have inundated this country with stories of being marginalised and of a civil service dominated by northerners through quota system. The Federal Character Commission has recently released a report which shows that the  South-West accounts for 27.8% of civil servants in the range GL08 to GL14 and a full 29.5% of GL 15 and above. One zone out of six zones controls a full 30% of the civil service leaving the other five zones to share the remaining 70%. We find the same story in the economy, in academia, in parastatals.
 
Yet in spite of being so dominant, the Yoruba complained and complained of marginalization. Of recent, in recognition of the trauma which hit the South-West after June 12, the rest of the country forced everyone out of the race to ensure that a South-Westerner emerged, often against the best advice of political activists.

I say all this, to support Balarabe Musa´s statement, that the greatest problem to nation-building in Nigeria are the Yoruba Bourgeoisie. I say this also to underscore my point that until they change this attitude, no conference can solve the problems of Nigeria. We cannot move forward if the leadership of one of the largest ethnic groups continues to operate, not like statesmen, but like common area boys.
 

The Igbo Factor and the Reasonable Limits of Retribution.
 
The Igbo people of Nigeria have made a mark in the history of this nation. They led the first successful military coup which eliminated the Military and Political leaders of other regions while letting off Igbo leaders. Nwafor Orizu, then Senate President, in consultation with President Azikiwe, subverted the constitution and handed over power to Aguiyi-Ironsi.  Subsequent developments, including attempts at humiliating other peoples, led to the counter-coup and later the civil war. The Igbos themselves must acknowledge that they have a large part of the blame for shattering the unity of this country.
 
Having said that, this nation must realise that Igbos have more than paid for their foolishness. They have been defeated in war, rendered paupers by monetary policy fiat, their properties declared abandoned and confiscated, kept out of strategic public sector appointments and deprived of public services. The rest of the country forced them to remain in Nigeria and has continued to deny them equity"

SANUSI THE BIGOT

I find this article to be bias, when did Awolowo become the whole Yoruba elite and besides he was only charged with planning to overthrow an elective government of Nigeria, A charge that was more politically motivated.

The Igbo people leading the first coup, how can u equate the action of a few Igbo army officers to the whole Igbo race

How could he have missed the most important issue that split the country and was responsible for the death of millions, The killing of Igbo`s  by  Northerners  was Nigeria`s first ethnic cleansing/genocide, yet he failed to mention it. What did the  Northern leaders do when thousands of Igbo`s were being killed 4 nothing other than being Igbo. What did his family being from the royal house of Kano do to stop the killings, absolutely nothing.

Sanusi is nothing but an Islamic bigot, and there is no doubt in my mind he his envious of the south, hence his war on the Bankers who are mostly southerners. I am not against his attempt to cleanse the banking sector, but it`s the manner in which his going about it, if the have done anything wrong take them to court and let the courts decide. 4 him to say the deserve to be shot 4 giving out loans in properly is crazy and can only come from a sharia influenced person, similar to amputation 4 stealing according to sharia law.

Our leaders might have staged or attempted the first coup in Nigeria, but they have never sent their people on a killing spree of other ethnic groups because of their beliefs. Can the northern leaders say the same?

A man with such bigoted view should not be a national leader in any capacity, in a civilise country he would never have been appointed to such positions. Only in Nigeria.

We are all still revolving round the same issue. Nigeria was never meant to be. Fingers will always be pointed 'cos no one is ready to accept the blame and move forward.

As for SLS, whatever might be his agenda, we can only wait and see.