hbrednic:

without publish SLS's audit report,how will you know the real facts,to make a sound judgement.

SGN:

But the fact that all the distressed bank are perpetual and net borrower from the EDW was never contested by the banks is a good premise to build on.  Or, if there were fact that proved this not to be true and as well proved that the so-called not-distressed bank were also net borrower in the EDW. As I said too in my post, Sanusi may wield power, but there are people in there that would have pulled the rug from under his feet if it was a real case of 'pot calling kettle black'.

the disgraced bankers are talking for now because the case is already in court,i recall sometime ago some members of CBN were dismissed for
objecting SLS's actions.we can never know the truth of who is pepertually glued on EDW without evidence to prove it,not just because Sanusi said so.

I agree with you if SLS's report is made public, it would have been great, but I doubt this will happen .

if we are really for full disclore as Sanusi wants it,then let him open the book for all to see.

SGN:

I think the crux of the matter is that all banks have bad loans.  But the ratio of the bad loans to capital base and total loan portfolio is what is unbelievably high in the distressed bank that almost tilted them over the edge and turned the to perpetual borrowers in the EDW and hence the CBN intervention.

Now, 1billion bad loan might be enough to cause company A to be distressed and it might take 10billion to get company B in the same situation.  There is no one with magic wand that can be used to ensure no loan granted by his bank will not go bad.  There are conditions out there that can throw all logic and analysis to the gutters.

If conditions for granting these loans in FirstBank were found out not to have followed the best practices (which might not), and their position is as bad as any of the mentioned distressed bank, trust me there are insiders who are loyal to some of the shamed guys that would have blown the whistle.

The good thing we need to take from all that is happening is that bank can at least present to us something closer to their true state henceforth unlike the gimmicks and the more you look the less you see situation of the past.

hbrednic:

the disgraced bankers are talking for now because the case is already in court,i recall sometime ago some members of CBN were dismissed for
objecting SLS's actions.we can never know the truth of who is pepertually glued on EDW without evidence to prove it,not just because Sanusi said so.

SGN:

Ok. I am with you on this.

bawomolo:

You guys are paranoid.

not all the loans were given out during sanusi's short tenure.

is he the one responsible for approving loans?

hbrednic:

thank you my brother lets just wish our country and the economy well.

SGN:

But the fact that all the distressed bank are perpetual and net borrower from the EDW was never contested by the banks is a good premise to build on.

Or, if there were fact that proved this not to be true and as well proved that the so-called not-distressed bank were also net borrower in the EDW. As I said too in my post, Sanusi may wield power, but there are people in there that would have pulled the rug from under his feet if it was a real case of 'pot calling kettle black'.

na_so:

Yes the EDW  talk may have been true, but remember that SLS said after the 5 banks ,he did not expect anything extraordinary from the second set of banks audited . why? because he was sure the EDW had told the story of the stress points in the industryup FBN?

na_so:

Its either the data upon which the first audit was done was incomplete(therefore unreliable) or there was no data at all.

na_so:

Lets call for accountability and fairness at all levels.

na_so:

@kafanchan

You self get malaria , if you think say na only you see and talk say SLS no dey do the job professionally.

kafanchan:

ALL OF UNA DEY CRAZE!!!!!!!!!!!!! PROSANUSI AND ANTISANUSI ALL OF UNA DEY MAD. PRO SANUSI DEY CRAZE BECAUSE DEM NEVA STILL FIT STILL SAY THE MAN IS CORRUPT AND BIAS. E BE LIKE SAY NA WHEN THE MAN LOOT OUR TREASURY NA IM UNA GO KNOW SAY THE MAN NO BE AM.

ALL OF UNA WEY DEY YAB SANUSI NOW, UNA FATHER !!! WHERE UNA DEY ABOUT TWO TO THREE WEEKS AGO WHEN I DEY SHOUT FOR THIS NOBLE FORUM SAY SANUSI HAD BEEF WITH THOSE MD THAT IS WHY HE SACKED THEM, I TALK SAY FIRST BANK , UBA AND ZENITH GET BAD LOANSS TOO. SHEY ALL OF UNA DEY YAB ME THEN SAY I DEY RELATED TO DEM IBRU. UNA NEVER SEE ANYTHING. DEM TALK 75B BAD LOAN UNA DEY HALLA ABI, NO WORRY, BY THE TIME UNA HEAR LATER SAY THE REAL FIGURE NA OVER 200BN, UNA GO FAINT.

SHEY UNA HEAR SAY SANUSI WAN (DON) HAND OVER ETB BACK TO ADENUGA?

WE MUMU FOR THIS COUNTRY NO BE SMALL, WE JUST DEY CLAIM SAY WE GO SCHOOL, NA FEW OF US DEY REASON. SANUSI AND CO DEY USE US DEY DO KALOKALO AND WE DEY HAIL AM, HE DEY AVENGE HIM ENEMIES AT THE EXPENSE OF OUR ECONOMY AND WE DEY SAY "CARRY GO".

MAKE UNA YAB ME WELL. THE MORE U YAB ME, THE MORE I WILL PROVE TO YOU THAT SANUSI IS NOT A SAINT.

I DEY HEAR SOME OLODO DEY TALK SAY SANUSI JUST SPENT 6 MTH FOR FIRST BANK MD. IF U NO KNOW BANKING , KEEP QUIET INSTEAD OF EXPOSING YOUR FOLLY IN PUBLIC.

PapaBrowne:

When Sanusi is through with blinding you guys, it would be too late for you to realise that the whole banking crises was created for a purpose.

Little by little, the Sanusi would be unravelled. His ill intentions would become so obvious to Nigerians and Nairalanders(very slow people) and they would start crying fowl. By then it would be too late.

Nignog:

There are banks in Nigeria? I thought everyone just used Western Union.

Don Umeh:

At last our prayer is now working against Sanusi. First Bank's bad loan is begining to surface.

dkings101:

He can open tat his smelling mouth to say "Shareholders of the eight banks as automatically lost there investors" then what happen to first bank investor. Now every1 can see that is approach for the sacking of the Bank CEO was political and northern agenda. He even had skeleton in his cupboard and he is worried about others. Pls make una no forfeit my money oo if una no wan make God punish una. Stupid CBN and Nigerian Govt, mess up Nigeria and there ideology.