daffidy:

Has anyone given thoughts to what foreign investors/banks would do? First there is sure to be a shake up in human capital and that means that quiet a number of people will lose their jobs .
We all know that almost every body has a brother, sister or close relative that work in these banks and are the ones paying the bills and sponsoring family to school etc.

Think like the white man who usually dont have any family or cultural values .

GOD HELP US

aawodumila:

I think what the CBN is doing is laudable but the approach is very wrong!

3 things:

1. You can't sell what you do not own (either to foreign investors or banks)
2. You must have given the MD's fair hearing
3. You can't be accuser, judge and everything in your own case

, sincerely a lot is wrong.

dgreatrock:

you have said it all!

sanusi is out for evil!

poj:

guess my money is save with oceanic bank sa o.

peculiar:

Is more to this subject than what they review.

The CBN Governor should tell the Nigerian what he hidden rather than selling those banks 100%.

mojojojo:

Men I used to come to nairaland to have a laugh at some of the comments,
But it is really becoming sad to see how shallow and ignorant some of the comments are. I feel sad for my country.

blackspade:

90% of the investors will be Jewish. Total Jew domination is on the way, Asia is the only place where they haven't infiltrated.

dgreatrock:

@MOJOJO
DISGUY
BACKSPADE

No one is totally against foreign ownership.
what we are against is that this scheme is being hatched for some faceless, disgruntled elements to have ownership in Nigeria's top 5 banks.
you must mave been following sanusi's shameful admission to the fact that an islamic bank is in the pipeline.
Now our curiosity is this;
was he appointed cbn governor to float a religious scheme or to be the governor of NIGERIAN'S CBN?
was he placed there to victimize the south (which in arguably owns the post consolidation banks) and enslave them under the northern continual oppression?

Again, these so called foreigners who are they; arab money bags who ll come and aid the actualisation of the islamic bank or the likes of your HSBK?

The principal focus at this point in time is not to sell the banks. We did not go to the UK to sell the banks; we did not go to the UK to meet investors. We went to the UK to meet with the correspondent banks and creditors and assured of the safety of the banks and to make ourselves available to any questions they had about the actions that we took.
“The primary purpose of that is to tell the good news about the Nigerian economy and to situate our action against the general process of guaranteeing financial stability.
“Once these banks are stabilised and it is time for things to move on, our preference is for these banks to have a core investor that will run them professionally and put in place a governance structure and system that will ensure that we do not have a recurrence of what happened before. This core investor could either be foreign or local.”
The CBN governor, however, pointed out that there was no law preventing a Nigerian bank to be owned 100 per cent by a foreign investor, adding that the law did not also preclude a foreign investor from owning a Nigerian bank.

Kobojunkie:

Why 100% to foreign investors? I get the idea that the new trend is to sell to the highest bidder and in the current global economic climate, we all know those likely to be in that group.

Olong:

Sanusi bailed out d bank of his own volition.he wooed foreign investors to come and acquire nigerian banks,even after the whooping sum injected into the said banks.all these in an alarming three months in office?someone should smell some rat shit!

Kobojunkie:

Why 100% to foreign investors? I get the idea that the new trend is to sell to the highest bidder and in the current global economic climate, we all know those likely to be in that group.