36STATES:

Majority of the investors lost money because of the ponzi sheme being run by some of the banks and other institutions with the silent approval of Soludo and Ndi Onyiuke. The stock market has not recoverd uptill to day because investors are scared shit to invest again. The whole criticism directed against Sanusi is just tribal bigotry, though am not saying there is no corruption there. Corruption at CBN is a less evil to what Soludo, Ndi Onyuike and their boss OBJ did to investors in Nigeria.

Again Soludo wasn't qualified to head the CBN, though I doubt if there is any other Nigerian more qualified to do the job that time. It was a case of one eyed man in the land of the blind. First class degree from obscure university like UNN is not enough to qualify somebody to head CB in a serious country. Ghana would not have employed him to head their central bank were he a Ghanean. Govt should even shop overseas if the right person can't be found locally, that's the trend internationally. That office is too sensitive to be left in the hands of poeple with questionable pedigree.

PapaBrowne: I think the post of CBN would kind of belittle Elumelu. The guy is poised for much bigger. Boggling him down in regulatory bureaucracy would not cut it for Elumelu. The trending words today in global finance are impact investment, conscious capitalism and social entrepreneurship. Elumelu is at the forefront of these three with his Africapitalism model.

For a regulatory institution like CBN, we need folks who are long on policy framework design and implementation. A Soludo type who can easily create policy and convert it into practicality. Not a lot of people come to mind.

Mayor_of_Lagos:

Yoruba man is the right man! Which other group in Nigeria run banks and investments and the economy and are savvy at managing fiduciary duties? Yoruba!

mbulela:
Being reserve bank governor is not about all that plenty talk that Rewane is always talking on tv. For the reserve bank governor,we need men with proven records of building institutions and team players not men who have been running one man consultancy most of their adult lives and spouting textbook economic on tv.
The case of Elumelu has been discussed earlier in this thread. We need to keep these banking cowboys far from our public space. Let them stick to enjoying their loot in the private space and keep deceiving gullible folks with all these videos posted here.

mbulela:
Is that all? Or you are planning to say more? Cos I ma struggling to see the foresighted and innovation you are ttalking about.
The wrong I see that SOS did was that he was selectively his treatment. It is ashamed that an AIG ended up buying Erastus bank. Both deserved the same treatment.
Akingbola's house was built on quicksand.
Those cowboys and lady were empowered by Soludo to exhibit gross financial rascality.
Leave all that story about providing jobs. Do you know how many jobs he and his likes created. We need to stop hiding behind that excuse when addressing failures. after all, robbers are creating jobs for economy too,abi you no know?

funshint: Pls don't ask me how; Sanusi shld just go...That guy contributed so much to the high rate of unemployment in Nigeria. He shld just go and concentrate on his Emir of Kano ambition. Ever since that man goofed about the $48bn scandal I'd concluded that a thorough review of his activities as CBN gov. shld be done. I still wonder how U̶̲̥̅̊ just wake up one day and take the investments some pple laboured to establish and U̶̲̥̅̊ just sell them off in a jiffy #Intercontinental #Oceanic?? That guy is a pure tribalist and eediot. Wonder how he got that job. His tenure as CBN gov has been that of a draconian rule. A huge mistake for that matter. He only succeeded in destroying Soludo achievements; gush! May we never have such a tenure in this country again. Amen!!!

PapaBrowne:

Strangely, I would tell you that I actually like Sanusi . Nigeria needs men like him, but surely not as CBN governor. He would do much better as an EFCC chairman. He did badly as a CBN governor as we recorded insane monetary policies in his tenure. I dont know where you live, but if you live in Nigeria, you would notice the scarcity of change. If you are an economist, you would understand the impact of something as simple as that on the economy at large. I would explain in simpler terms with a story. I tried to buy newspapers yesterday but the vendor had no change and I had no change. I didnt buy the paper any longer. I tried to buy a bottle of Sprite a few days ago. It costs 120 Naira. The seller had no change. I didnt but any longer. If this is not fixed, either of two things would happen. Either the quantity of goods been sold would go down or the price of goods would go up. Either way, it would slow down the economy. But its has run on for months and the CBN Governor has refused to do anything about it. I hope my long epistle helps explain the impact of Sanusi's intellectual limitations.

Dis Guy: You mention Sanusi and Naijaking1 wont leave everything to be on here >>> tufiaka!!

Madam Okereke I'm a PhD holder is you're main antagonist, you just let her off like that _{well she is not a northerner so not too surprised}

that NSE did some many people strong thing sha!!

CHESSBOARD:

You must be stewpid to call UNN obscure, maybe you should go tru Soludo CV again so that you can shut ur mouth. Tell us your academic profile and achievement.

emmyoha87:

I pray U don't propel such school of thought în ur Family and people around you(especially the younger one).
If you are not joking, then U my brother are Far From Reality!!!

Mayor_of_Lagos:

Yoruba man is the right man! Which other group in Nigeria run banks and investments and the economy and are savvy at managing fiduciary duties? Yoruba!

CHESSBOARD:

You must be stewpid to call UNN obscure, maybe you should go tru Soludo CV again so that you can shut ur mouth. Tell us your academic profile and achievement.

chima12: Here is a list of the most recent cbn governors

Joseph oladele sanusi - yoruba
Charles Soludo. - Igbo
Sanusi lamido. -hausa

All these tribalist asking for a yoruba to replace sanusi should go and drink rat poison.the next cbn governor cannot be yoruba.there are better qualified candidates from delta,edo,and other southsouth states who can fill that vacancy.

PapaBrowne: I think the post of CBN would kind of belittle Elumelu. The guy is poised for much bigger. Boggling him down in regulatory bureaucracy would not cut it for Elumelu. The trending words today in global finance are impact investment, conscious capitalism and social entrepreneurship. Elumelu is at the forefront of these three with his Africapitalism model.

For a regulatory institution like CBN, we need folks who are long on policy framework design and implementation. A Soludo type who can easily create policy and convert it into practicality. Not a lot of people come to mind.

Peterwins:

^^^^^^Kindly correct the highlighted above. William C Dudley is the President of federal Reserve Bank of New York (one of the twelve (12) Federal Reserve Banks of the US) and not the head of the US Federal Reserve System currently chaired (headed) by Ben Bernanke.

I wish Nigeria can truly operate federalism as practiced by the US.

Tony Elumelu This must be a joke.

Well, if SLS can be appointed as CBN governor why not Elumelu or Fred Ajudua the 419 Kingpin. The joke continues......

Mayor_of_Lagos:
Do I sound like Im joking? Name a Nigerian tribe better than Yoruba at leading successful corporate and public administrations or running growth strategies and government policies.

Gej's administration is politically delinquent and morally insolvent. Where should he go to turn his scorecard green? He cant go to East, thats all he is sorrounded with now and they helped sank him this deep; they dont have the technocrats and bureacrats needed to get him out. The best brain you have in East is NOI, a Harvard graduate and director of World Bank with zero instinct for running an efficient economy or managing policies. She was sent out of the same occupied position when her incompetencies as a decision maker became obvious to Gej's predecessor.

Who vetted her for a return to the job? Another incompetent bureacrat from East?

It ought to enter Guinness World records as an unsolved human mystery that the pair of a Harvard graduate who also was a World Bank Director and a two times Finance Minister, served in a ruling capacity with a Phd University Professor who had seasoned stints first as a Deputy Governor, then as Governor of a State, upgraded to VP and then a elected President, yet they could not steer the affairs of a Nation half as efficiently and prosperously as was done by a 32yr old Gowon who had no more than a secondary school education and rudimentary military trade schools or another 35yr old Obasanjo with similar education as Gowon but innately savvy in the management and administration of manpower and political states.

Yes, I agree, we need the Best man for the job! Ibos are not known for producing "best man for the job". If they did, with as many Ibos that serve as pillars of his administration, Jonathan should be rocking as the best regime we ever had in this country. In fact, if he was sorrounded by as many Yorubas as he had Ibos, the finance ministry, aviation, education, and so on, should be enjoying similar encomiums as is directed towards his Yoruba Agric Minister, Mr Adesina.

We need an Adesina type for CBN.

Mayor_of_Lagos:

Yoruba man is the right man! Which other group in Nigeria run banks and investments and the economy and are savvy at managing fiduciary duties? Yoruba!

Mayor_of_Lagos:

UNN is a third tier University abeg. Stop noise!

abbakacici: Minister of finance south east
SEC south east
Debt management office south east
Amcon south east
ifrs south south
NDIC north west.
Which leave south west, north central and north east with no representation when it comes to financial banking or economic matters, because it the most advance country in the world used quota system, for example canada divide jobs between French and English, in USA a black Latino with 70 percent has a better chance of getting a job or admission then white with 80 percent if the school or organization is dorm inmate by white, and in Belgium jobs are dividen between German and French the list goes on. The only different between this countries and nigeria is that they look for the best black, French or German for the job to make them look diverse unlike nigeria where we look for any tom dick or Harry

mad nigerian:

If he did not complete his course.....how did he get the First Bank Job? First bank, when last I checked , employed people with qualifications, not people without. And First Bank did very well under his stewardship. Or, have Nigerian banks started giving jobs to people who are not qualified?

shymexx:

Sir, I don't think this should be about tribe since it's the apex bank in country - and ethnic interests shouldn't be attached to that. Mark Carney, the Governor of the Bank of England, is not British - he's Canadian. Despite London being the financial capital of the world (yes, ahead of New York). The UK has tons of great economists, however, non can compete with Carney's track-record and how he was able to manage the financial crises of two countries (Canada and Russia). That's what Nigeria also needs to do.