Why Soludo was dropped –Northern Group
From MURPHY GANAGANA, Abuja
Friday, June 5, 2009


Soludo
•Photo: Sun News Publishing
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The Northern Patriotic Front (NPF) yesterday disclosed the underlying factor which militated against the re-appointment of the immediate past Governor of the Central Bank of Nigeria (CBN), Professor Charles Chukwuma Soludo for a second term, despite his widely applauded reforms in the banking sector.

NPF National Chairman, Alhaji Ali Abacha, told Daily Sun in an exclusive interview in Abuja, that pressure was indeed, mounted on President Umaru Yar’Adua by formidable northern groups and power brokers in ensuring that Soludo was not given a second term of office. Their grievance was based on the belief by a cross section of northerners that most of his financial policies, especially relating to foreign exchange, were not favourable to the north.

According to Abacha, “Soludo introduced some policies that were too harsh for the North. So, when his tenure expired, we said there was no need for extension, that they should get somebody from the North who is competent. And because most of our people are not educated as they are basically farmers, we wanted somebody who would give priority attention to agriculture.”

While admitting that the erstwhile CBN boss exhibited competence in the discharge of his duties, the NPF however, insisted that most of his policies further pauperized the northern masses.
Said Abacha: “If you take the foreign exchange which has a large number of northerners involved in the business, he introduced a lot of stringent conditions and most of our people in the trade are not educated. They faced a tough times during his five year tenure. The policies are only good for advanced countries, not in Nigeria where education is still low and poverty still high, especially in the North”.


http://www.sunnewsonline.com/webpages/features/newsonthehour/2009/june/05/newsbreak-05-06-2009-001.htm

dis northerners sef

northern nigerians is just a joke!!!

who doesnt know!! do u need to read the news !! nawoo for una

soon they will come in to tell u the southerner are just ignorant

yes it was buziness as usual for those slowpoke that trade dollars and one man ahaji bank

those people just need to look in the mirror if they really believe that koran speaks for them in accordance to obama hahha

yes oo sala maliko!!

yes northern in the forum; dnt hide for too long oo

[size=78pt]Soludo was not removed, he finished his five year term, whats wrong with Nigerians.[/size]

AjaraEwuro:

[size=78pt]Soludo was not removed, he finished his five year term, whats wrong with Nigerians.[/size]

u should direct your vent at the northern part of Nigeria.

i have no vent - i am only vexed at the use of the word "removed".

We all know that.

@Ajara
Yes he wasn't removed but was DENIED a second term.

Deep Soul:

Lol@Ajara Ewuro

U wan blind our eyes? Point taken! lol

But really, would you blame Nigerians? We r used to having leaders who want to sit tight forever.

We are used to to words like "remove, elongation, forceful, third term" etc

It's a mind thing.

[size=80pt]lol[/size]

What I have always heard is that you dont change a winning team but that is not applicable to Nigeria as we are wont to replace our "panadols" with "e be like panadols"

desgiezd:

What I have always hear[b]d is that you dont change a winning team [/b]but that is not applicable to Nigeria as we are wont to replace our "panadols" with e "be like panadols"

Whose defination are u using for the term " Winning team"

Sunny_bobo:


Said Abacha: “If you take the foreign exchange which has a large number of northerners involved in the business, he introduced a lot of stringent conditions and most of our people in the trade are not educated. They faced a tough times during his five year tenure. The policies are only good for advanced countries, not in Nigeria where education is still low and poverty still high, especially in the North”.


http://www.sunnewsonline.com/webpages/features/newsonthehour/2009/june/05/newsbreak-05-06-2009-001.htm

When are we ever going to learn, hard times call for strict measures. There is no way we going to have good economy without strict foreign exchange policy "No pain no gain". Those people who feel impacted by the foreign exchange policy, why can't they update their knowledge, educate themselves wherever they're having shortfall rather than making noise and calling for the removal of Soludo. Does this mean Sanusi is going to relax foreign exchange policy just to favor notherners? We shall see whats going to happen

blacksta:

Whose defination are u using for the term " Winning team"

good question!

But the entire nation is more than the North. Anyway, lets see how Sanusi performs.

I hope the man knows better than rubbish what has been on ground in other to favour his brothers. Yar'Adua has rubbished a lot already.
He is smart and I hope he succeeds but the reason given in this article is . . .

there is only one reason Soludo's tenure was not renewed

its because the President did not want to renew it . . . . no more no less

This talks about the powers of the North is just a Myth, if President Yar'adua did not wan't to listen to tribal or sectional sentiments . . . there is not a lot the North will do.

I think Nigerians are paying too much attention to the North and what they think. What were the harsh policies? that people should stop selling dollars on the streets, a no-brainer issue which everyone should know that is not in Nigeria's interest.

I hope Sanusi is man enough to tell his own people the truth.

nigerias twisted federalism at work. all important sector of nigeria in the hands of the north. no wonder they say presidency at all cost.