Useless Journalism In Nigeria (Name and Shame)

^^^^^

Jarus kai - i swear u need to get a sense of humour

ibime is just joking

haba!

and here i was thinking i took everything too seriously

now i know who to mention whenever i get attack Alkinda Alqeida

VANGUARD

http://www.vanguardngr.com/2009/11/04/sanusi-equipped-for-cbn-job-%E2%80%93-omale-city-of-london-consultant/

Sanusi equipped for CBN job – Omale, City of London Consultant
Emmanuel Aziken,

Dr. Sam Omale a London based financial consultant is the founder and CEO of Rock Global Training & Consultancy which focuses on exotics and structured financial products. Omale holds a doctorate from the Commonwealth University College Belize City. A graduate of Ahmadu Bello University ,he also holds an MBA (Banking & Finance) from the University of Nigeria Nsukka, an Msc ( International Capital Markets) from the  prestigious  University of Brighton Business School UK. A banker for more than 25 years in both Nigeria and the UK including board membership of two banks, Omale is also a fund manager and trainer in the City of London.

In this interview with Vanguard’s Emmanuel Aziken, Dr. Omale appraises the evolving reforms in the Nigerian financial sector and gives his verdict on history’s judgment on Mallam Sausi Lamido Sanusi, the Governor of the Central Bank of Nigeria (CBN).

What is your perspective on the ongoing reforms in the Nigeria banking industry?

May be we should break it into two. First of all let me start with the obvious ones which is the banking reform that has been going on, that is been orchestrated by the new governor of the central bank. I will say it has brought a lot of hope to the system. Hope in the sense that someone who is a practitioner himself, who was in the system managing one of the biggest banks knows the in and out of banking must have also observed the practices that has been going on was well equipped for this job.

He was definitely equipped for this job and that is why when he came it didn’t take him time to know what was wrong in the system and decided to make these immediate changes which are really not changes, but really getting the banks to get the job they are supposed to be doing in the first place. That will indeed show that their oversight functions or supervisory functions were sleeping at the watch.

When he came in he woke them up and he is equipped for it because he is  coming from the risk perspective which is superior to other forms of supervision because it goes beyond banks meeting the demands of regulatory reforms. So I will say that it has brought a lot of interest to the international market because people are now saying that for once we now know that banks are been reformed, banks are now going back to their original traditional practices.

There is nothing like freedom of information , we are made to believe we are free, no we are not. We are under programing and the media is their biggest agent.

We will never know what happened in 9.11
we will never know the real cause of Iraq invasion
We will never know of the Builderburg group (Meetings held every year, total black-out from the media)
We will never know who really killed JFK, MLK and so many others

The media is a tool to uphold lies and put out false theories like the magic bullet theory

If I was to adopt your standard, I could argue that some of the bad Nigerian graduates (those that can't even write or speak English properly) I have encountered are representative of all Nigerian graduates. We must be careful of sweeping generalisations, because you denigrate a whole profession.
In fairness to the point you make, some of the editors of these publications are absent without leave.

As I said, you have a point, remember that the environment that our journalists work in is extremely hazardous.
Constructive criticism is welcome but your comment about 'dicing up' could be construed as malicious. I agree with the 'letter' of what you are saying but not the 'spirit' in which it is delivered.

On the issue of generalisation - please see your comments below:

he is potentially misleading gullible audiences (most Nigerians are)

He said a cabal within the oil industry was doing everything to frustrate the operation of the refineries, adding that the sum of $7.5 million was spent on Kaduna Refinery, which was still not functioning. He declared that the only solution was deregulation of the industry.

"The ministry has not said anything about deregulation. The refineries are still not working. The sum of $7.5 million was spent on Kaduna Refinery and it is still not working. We have a cabal that is making the refineries not to work. The only solution is deregulation.


John Halims Agoda (Delta State) said government should be serious about the policy. Some infrastructure should be put in place to cushion the effects on the citizens.

"Government must show seriousness. Instead of providing alternatives, they engage in a show of shame. The issue of fuel is critical in our national life. Before deregulation, the transport sector must be fixed. Government should be capable of ensuring that the policy does not affect Nigerians negatively. The government should also look at the salaries of Nigerians because deregulation will result in increase in prices of many things. This time calls for constant engagement between the National Assembly and the Executive", he said.

Aro Bamidele (Kogi State); and Vice Chairman of Committee on Petroleum (Downstream) disclosed that between 2006 and 2009, the government spent N1.458 trillion on fuel subsidy. He said the way out of the problem was deregulation.

"The NNPC must ensure that necessary things are done. We should be able to explain to Nigerians what deregulation is. I agree that the NNPC has to follow due process. PMS costs about N107. The difference between N107 and N65 is the subsidy that government pays. Government has spent N1.458 trillion on subsidy between 2006 and 2009.