Hope2015: 10years In Office For Nigerian Banks' MDs/CEOs: Why Is Access Bank An Exemption?


The Central Bank of Nigeria (CBN) sometimes in 2010 or so, issued a circular that the MDs/CEOs of Nigerian Banks shall no longer spend more than 10 years in office as part of the efforts to sanitize the prevailing abuses in the banking sector,. One year after this circular, a number of banks namely Zenith, UBA and Skye Banks lost their MDs/CEOs to this policy.

It is however surprising to note that the current MD/CEO of Access Bank has spent more than the 10 years stipulated by the CBN policy. Is it that he is immune from the policy? Worrisome is the fact that, no single media in Nigeria has even raised the issue! Is it a case of oversight or deliberate attempt to look elsewhere? Well, maybe it is a case of all animals are equal but some are more equal than the others after all, he appears to be GEJ’s boy!

Hope2015: 10years In Office For Nigerian Banks' MDs/CEOs: Why Is Access Bank An Exemption?


The Central Bank of Nigeria (CBN) sometimes in 2010 or so, issued a circular that the MDs/CEOs of Nigerian Banks shall no longer spend more than 10 years in office as part of the efforts to sanitize the prevailing abuses in the banking sector,. One year after this circular, a number of banks namely Zenith, UBA and Skye Banks lost their MDs/CEOs to this policy.

It is however surprising to note that the current MD/CEO of Access Bank has spent more than the 10 years stipulated by the CBN policy. Is it that he is immune from the policy? Worrisome is the fact that, no single media in Nigeria has even raised the issue! Is it a case of oversight or deliberate attempt to look elsewhere? Well, maybe it is a case of all animals are equal but some are more equal than the others after all, he appears to be GEJ’s boy!

acidtalk:

No! na one community Esusu bank for cambodia.

WHen will you guys actually start 'stealing' brains if you can't afford to buy one for a transplant to be done on you?

merteeny:
How that one com use concern you. Do you have any allegations against him? I see say na brain tumor dey worry you for there. Better mind your biz & think out how you'll be successful. Leave another man's life alone ooooo.

val_dubem: Access Bank, na nigerian bank?

DICKtator:

I just checked out a blog http://aigbojeaig-imoukhuede..com/ that states that he became the M.D. of Access in 2002 and like someone earlier claimed, It was documented officially 2yrs later. So he may not leave till 2013/2014. He is a very good and astute banker.
@op: Did his Subsidy report indict your companycabal? #Justasking

bankyblue:
u re such a big F! U need to read wide and no more about ur current affairs. Mumu

ebamma: wetin concern us for dis mata,if him like make him serve for 100 years that wan na dia wahala

ebamma: wetin concern us for dis mata,if him like make him serve for 100 years that wan na dia wahala

gboss4sure: @OP, WTF is your concern? The man knew his onions and that's why he is still there till now or are you envying him.

But wait out of all banks na access banks MD you pick out, it seems you are paid to criticise the man here huh, its normal for you guys to fight against anyone that stands against the subsidy thiefs

val_dubem: Access Bank, na nigerian bank?

val_dubem: Access Bank, na nigerian bank?

merteeny:
How that one com use concern you. Do you have any allegations against him? I see say na brain tumor dey worry you for there. Better mind your biz & think out how you'll be successful. Leave another man's life alone ooooo.

DICKtator:

I just checked out a blog http://aigbojeaig-imoukhuede..com/ that states that he became the M.D. of Access in 2002 and like someone earlier claimed, It was documented officially 2yrs later. So he may not leave till 2013/2014. He is a very good and astute banker.
@op: Did his Subsidy report indict your companycabal? #Justasking

maxpro-xl:


What a funny question.how come u don't know access bank. One of nigeria's biggest banks. Even before they acquired intercontinental bank, access bank was very strong and visible.
Its important to note that the founders are former GTBank boys so am not suprised by their success story.

To respond to the poster. AIG Imoukhuede the access ceo still has 2 more years. In a nutshell sanusi's power shld be limited by the presidency. why make ceo's step down after 10years. He should learn from europe and america. Strong companies have been able to achieve constant growth because of leadership stability. A good ceo should be allowed to continue until the board of directors decides for a change.

Sanusi is sick and going beyond his limits

bankyblue:
u re such a big F! U need to read wide and no more about ur current affairs. Mumu

bankyblue:
u re such a big F! U need to read wide and no more about ur current affairs. Mumu

ohnyore:


Dude its spelt Puerto Rico

val_dubem:

I think I need to lecture U on hw Access Bank acquired intercontinental. And for ur info, not only do I knw more of current affairs than U, I am a graduate of B.SC Banking and finance. So u dnt need to tell me about banks

Tinyemeka:

Dude you fall my hand. Why didn't you leave out the B.Sc?

How did Access bank acquire ICB?

val_dubem:

I think I need to lecture U on hw Access Bank acquired intercontinental. And for ur info, not only do I knw more of current affairs than U, I am a graduate of B.SC Banking and finance. So u dnt need to tell me about banks

keeeem: Nigeria is a funny country. Even the youth who are supposed to be leaders of tomorrow have lost it for just a pot of pooh. Very unfortunate. Someone described Aig as an astute banker, an accomplished and I can do nothing but shake my head that we are a goner. Astute? Aig managed Access bank for 10 years and no significant growth. Fraudulently they acquired Intercontinental bank and the signs are there that the ant has carried sugar. Every aspect of the whole bank is failing because the bank has rookies all over the place. The performance of any bank MD is measured by the workforce. Has any of the commentators here bothered to talk to staff of that institution to perceive the atmosphere? Just a random sampling will reveal some things. A bank that calls people to management meeting at 6am on a monday morning? FBN with all the money the bank has does not meet 6am nor do they even do meetings from 6pm to 5am in the morning and still expect people in that session to be in the office by 8am. This is a theater of the absurd. In some few years to come by His grace Nairaland will still exist and we shall all come here to talk about Access Bank and we shall measure Aig again to know whether he is an astute banker or not. The house of lies that Sanusi built, only time will tell just as the intervention fund given to the Aviation industry has not made any meaningful impact. Where is the money Air Nigeria under Jimoh Ibrahim got? where is Arik's own? Where is Aero's own too? Astute bankers indeed

ideylaff:

Leave that side as dodgy as it comes... access was a debtor to intercontinental bank with loan books as big as the 10 commandments scrolls and Sanusi gave AMCON (his croonies) the go ahead to use tax payers money to mopp up Intercontinentals Debst and then picked Access bank as the main share holder even though what they brought to the table was less that the required amount...

A pity that Intercontinental's Erastus Akingbola also put his hand in the cookie jar hance he had no maral standing to fight the fight anyway

Cant you tell its dodgy wheh a whole CBN governor passed a comment like this in London over a court case. how can a CBN Governor say this ? it means sometin don die 4 dia.. We will Sell Akingbola’s Property to Recover Stolen Funds’

Sanusi is using Chike Obi/AMCON to acquire choice aseets based on their own valuation and den its sold off to their croonies Cant you see

http://www.thisdaylive.com/articles/-8216-we-will-sell-akingbola-8217-s-property-to-recover-stolen-funds-8217-/121399/


http://www.leadership.ng/nga/articles/31502/2012/08/02/well_sell_akingbolas_property_sanusi.html


http://saharareporters.com/news-page/intercontinental-access-bank-merger-how-cbn-sold-bank-its-debtors


How can Sanusi a learned man be talking to the international press lijke this, is he a lwa enforcement officer to pass a comment like this?. Dont get me wront Sanusi has his good sides and bad sides ooo, i just think hes getting carried away, power drunk and hes fast destroying a few good things he started.

Absolute Power Corrupts Absolutely big time... i'd say/leave it at that.

Access Bank taken over Intercontinental was a croony and dodgy job... orchestrated by sanusi and AMCON his shakara decoy Asset management Company he's fooling the whole of Nigeria with

Just the icing on the cake more deeper stories we cannot talk about on here

The loan documents show that Mr. Aig-Imokhuede and Herbert Wigwe, as the Director and CEO respectively of Access Bank and also co-owners of United Alliance Company, borrowed a total of N16.3 billion from InterContinental Bank as of May 31, 2009. The loan was to be repaid in 36 months. However, once the cash was released to the company, the debtors defaulted on their loans.

Reacting to a High Court of Justice,
Queen’s Bench Division ruling in
London, Sanusi said: “We have a
ruling for N164billion against
Akingbola. This means that if he is
unable to pay back the money we
can sell all the assets he has in the
world until we recover the money.”

Shalomé: U Need to Read and No more...WTF...Who's the mumu here?

Hemanwel: I CAN BET WITH D LAST DROP OF MY BLOOD DAT DIS GUY WAZ A PARTIMER.