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Nairaland Forum / Nairaland / General / Business / Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? (27441 Views)
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Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by ektbear: 7:56pm On Jul 13, 2011 |
Hehe. Let me not say anything I'll regret. At any rate, as I said before, it is probably best to ignore people who don't have anything useful to contribute to this thread. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by Seun(m): 7:57pm On Jul 13, 2011 |
ekt_bear: Yeah, it is better. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by manny4life(m): 8:07pm On Jul 13, 2011 |
lol, this is the funniest joke of the day I majored in business? Howard University? Please brother there are better schools here in the DC VA area, better than Howard, since you are in the guessing game, please come up with a better school choice and perhaps a better major. Schooled baby Katz? 1,2, and 3? Why can't I laugh enough? Well since you know economics and accounting, what are u waiting on? G |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by naijaking1: 8:10pm On Jul 13, 2011 |
Ystranger: Did you say or contribute anything about the topic in question or did I just miss it? |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by Ystranger: 8:15pm On Jul 13, 2011 |
manny4life: [b]ROFLMAO[/b] I am officially taking you out of the baby-Katz group. I expected a real baby-Katz to get mad, like Katz would, and reveal more about yourself, but you did the opposite. You seem to have a mature defense mechanism ( humor is one of the mature defense mechanisms found among emotionally healthy adults), atypical of Katz and baby-katzs |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by manny4life(m): 8:16pm On Jul 13, 2011 |
No doubt I really don't know Econs and Finance that well, at least I'm not claiming expertise on the subject matter but with modesty and persistence, I believe every one on here has their own. Now since you stated no one knows jack, why don't u engage in a more subtle, educative manner? Please, let us view your though and see your reasoning. After all, this won't be the first nor the last, there are tons of topics in Economics, relate it to the subject matter. For instance, I like to see how you reason on Inflation and Unemployment and how they co-relate together. I laugh in Swahili, I will be more than glad to learn something different today Ystranger: Dude, I don't have to defend what I already know; that was the mistake Ola made. Something I know, I know and something I achieved, I did. This isn't a convincing game, it won't stop me from going to work tomorrow, it won't stop me from doing things I will do. I'm really not obligated to show more more so when it's really irrelevant. I think it's about time we move past this; I really want people to share their ideas on two main topics affecting Nigeria Inflation and Unemployment |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by ektbear: 8:25pm On Jul 13, 2011 |
I'm not even sure why some feel the need to personalize things. Just clear evidence that they have no clue what they are talking about and don't have any arguments to stand on. I'm supposed to be offended by Baby Katz #1? By the same guy referencing some article on NigerDeltaCongress.com or whatever as evidence of intellectual horsepower and evidence of his ability as an economist? Hehe. No wonder Nigeria is in the bad state it is. A thorough love and celebration of mediocrity. Sanusi mentioned in the same sentence as Paul Krugman? I dey laff o |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by naijaking1: 8:35pm On Jul 13, 2011 |
Ystranger: Please let the records indicate that you have nothing to contribute to topic of this thread except personal insults and innuendos, then we can move on to bigger and better ideas. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by Ystranger: 8:39pm On Jul 13, 2011 |
Interesting! Coming from someone who thinks Tinubu is God. Anyway, no biggie. In Musiwa I trust. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by ektbear: 8:48pm On Jul 13, 2011 |
I think Tinubu is a god? Wtf? Alright, time to take my own advice and ignore the troll. Anyway, hopefully this discussion can be moved back to Sanusi. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by nagoma(m): 3:00pm On Jul 14, 2011 |
You mean this Katsumoto thread is not concluded and SLS is still the CBN governor? Katz; I will advise you to find time in your very busy schedule to sit with Sanusi. You may persuade him to resign and then you can have some peace. Your resentment is perhaps of a more personal nature. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by iragbijile: 3:10pm On Jul 14, 2011 |
nagoma: Seconded! Katsumoto for CBN governor! Only Katsumoto can do it. The All knowing GOD of NL. The All seeing, all knowing God who sees all, knows all, and is capable of doing NO wrong in the eyes of many a million baby-Katzs |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by Nobody: 3:32pm On Jul 14, 2011 |
u men have all have spoken intelligently. 08063896204 |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by Katsumoto: 5:37pm On Jul 14, 2011 |
Jarus: I am just seeing this post Jarus; thanks for your response. If you go to the very first post, you will observe that I wrote CONSECUTIVE before 12 years. Was that a wrong assessment? Do you honestly believe that experience before a long period of absence (6 years in this case) counts anywhere in the world where nepotism doesn't play a part? Perhaps in professions where natural talent is the main factor like music, art,etc. Even in sport, a 6 year hiatus is such a long time that you have to start at the bottom if you decide to return. That article in the CFA was clearly written by someone who admires Sanusi; perhaps someone like yourself. How possible is it that Sanusi was the only speaker to receive a standing ovation in a four day conference? Nigerian journalism at its best. The listeners at conference are unlikely to be experts on the Nigerian economy so can not make good judges of his policies. The proper judges of Sanusi's policies are Nigerians and those that have a deep understanding of the Nigerian economy and context. You seriously want to use a speech as a measure brilliance? If that were the case, orators would be the most brilliant people; Balewa and Kingibe would be the most brilliant Northerners. I noticed that you only addressed some issues, what about the other questions (I repost again for your benefit) 1. Is it within the remit of a Central Bank Governor to be a regulator and competitor at the same time? This is with regards to Sanusi's objective of entering the commodities market, real estate (hotels, shopping, conference centre, etc), poultry farming, etc. As an economics graduate, according to another poster, what are your thoughts on this? 2. Do you think Sanusi conducted a review of the operations of First Bank as he did other banks in August 2009? If he did, do you think he was objective? 3. Like SLS, you are an ardent follower of Islam. Why do you believe that an ardent Muslim should be involved in the collection of Riba, of which SLS is still guilty of at this point in time? If the Holy Book is clear on Riba (the words of Holy Prophet Mohammed are VERY CLEAR on this), why should SLS or any other ardent Muslim ignore this clear message? Would you similarly excuse a Muslim selling non-Halal meat to Muslims and non-Muslims alike or would you excuse a Muslim working in an alcohol brewery? I know you tried to answer to answer this question the last time but your answer was unsatisfactory. I urge you to think this through before answering. The words of God are not to be changed by men seeking to gain an advantage in the world. 4. Considering the extreme difficulties experienced in other countries in implementing Islamic Banking and the continued difficulty in resolving those issues, why do you think it is advisable for a Muslim CBN Governor to continue to push for the establishment of Islamic Banking beyond the normal duties of providing guidelines and framework? 5. Considering the religious intolerance which continues to pervade the social fabric of Nigeria, do you think it is irresponsible on the part of certain Muslim individuals, SLS included, to continue to push this agenda at the risk of inflaming an already enraged and mistrusting population? 6. What are your views about Sanusi's increase of the money supply (by $4 Billion) in an economy with double digit inflation, considering that the increased supply was to rescue banks that were not suffering immediate liquidity problems? Many will draw their own conclusions stemming from the answers you give or whether you decide to respond at all. Thanks |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by nagoma(m): 7:25pm On Jul 14, 2011 |
KATSUMOTO We seem to be going in circles regarding some of your questions ,I wonder how you can measure and individuals faith or concience simply because he is a scholar in Islam. Faith is in the mind and has no objective external measurement where you can say - a man of this level of faith cannot do that. I cannot measure Sanusi's faith but know that he has considerable knowlegde of islamic theology , but many people who are not even muslims, (christians and jews) pocess such education. Sanusi has been attacked by some muslims on some of his writings and some people actually dont share your view about how ardent a muslim he is .http://www.nigerdeltacongress.com/articles_written_by_sanusi_l.htm , but i hasten to say that all of you and them are wrong , because faith is in the heart and only god knows the measure of ones faith. "And whether ye hide your word or publish it, He certainly has (full) knowledge, of the secrets of (all) hearts" (Quran 67.13) . The se injuctions about ursury are also in the bible and many Nairalanders have brought the quotations - is the Bible not God's word? The words of God are not to be changed by men seeking to gain advantage in the world. Quoting you. Is this not applicable to the word of God in the Bible? Or has God recalled those words? |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by nagoma(m): 7:32pm On Jul 14, 2011 |
@Katsumoto - "Considering religious intolerance which continues to pervade, ", Opposition to the Interst free Islamic banking that you are promoting is glaringly a major intolerance that we are trying to avoid , we all enjoy Judeo christian modes of doing things including banking but you are so adamant - blinded by hatred that an option must not be given because the banking system has the name Islamic attached to it , cant you see? |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by kq(m): 7:49pm On Jul 14, 2011 |
3. Like SLS, you are an ardent follower of Islam. Why do you believe that an ardent Muslim should be involved in the collection of Riba, of which SLS is still guilty of at this point in time? If the Holy Book is clear on Riba (the words of Holy Prophet Mohammed are VERY CLEAR on this), why should SLS or any other ardent Muslim ignore this clear message? Would you similarly excuse a Muslim selling non-Halal meat to Muslims and non-Muslims alike or would you excuse a Muslim working in an alcohol brewery? I know you tried to answer to answer this question the last time but your answer was unsatisfactory. I urge you to think this through before answering. The words of God are not to be changed by men seeking to gain an advantage in the world. What exactly is the point you going about with the question above. Katsumoto i appreciate your efforts in trying to be objective as far as possible but your question above sounds to me like you just want to discredit SLS or just want to discredit him as a Muslim. I am no lover of SLS i am opposed or do have some opposing views as regards his work. As regards your question yes it is true a muslim shoudnt be involved in taking or issuing Riba and there is no doubt about that among even muslims and scholars of Islam and am sure even SLS does not doubt that, what scholars/muslims then argue is seeing the kind of society we live in with no workplace that support Islamic ethics and i have to find a job to provide for myself and my family can i take a job with an Interest based conventional institution, it is in this opinions differ some would tell you to take the job but remember to pursue every other opportunity that gets you out of the job others will tell you no dont take it. Now am sure SLS does not portay himself as a perfect muslim and i sure do know to the best of my knowledge he hasnt made such statements but him working with an interest bearing institution is something btw him and his Lord and not for us to judge him by depending on the circumstances. An arguement in the same vein is the fact Muslims dont consume pork but then if you find yourself as a muslim with only pork meat as the only means of survival of course go ahead and eat it so you dont die but if there are alternatives then go ahead and take the alternatives. And if you have to be honest this is the same attitude and behavior with all religions not just Islam; The religion says one thing and the faithfuls do the other. It just depends in what light we want to view the circumstances of the faithfuls actions. So i believe your question would apply even to Soludo himself or even to any Nigeria who claims one religion or the other why do we as human beings ignore the messages of our so called professed faiths. Am sorry i wont be able to comment on your other questions as i am no economist or cant really judge SLS expertise on most financial issues but as regards Islamic banking all i can say is the following 1. Yes it is a form of Non-Interest banking but it is also more than that it has its rules based on the tenets of a religion doesnt mean non-muslims cannot make use of it if they want and its evolution and development as to be in conformity with the rules of the religion. That is why its more or less a subset of Non-interest banking as its focus is doing financial transactions based on rules specified in Islam. In academic circles it is recognised as a form of finance/banking system. 2. I am personally of the opinion that SLS as not handled the publicity that goes with the whole issue well. His responses to the questions raised by the public have not been satisfactory enough even to me. 3. It seems like we the public are also guilty of creating sentiments on the issue. Turning it into an issue of Muslims vs Christians, North vs South just does not help us all. The media have also not helped with the way some statements are put into writing and making it sound like its a ploy to turn the whole country over to Islam or something i dont really see how thats going to happen. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by ektbear: 9:03pm On Jul 14, 2011 |
nagoma: Two questions: 1) What is Judeo-Christian banking 2) Where is it practiced? In particular, is it practiced in Nigeria, Japan, China, and India? |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by Katsumoto: 10:36pm On Jul 14, 2011 |
kq: Thank you for your post. I can't really disagree with you on the basis that religion is a personal matter between an individual and his God. People just take you less seriously if you act contrary to your beliefs. What I was trying to highlight is Sanusi's hypocrisy. Not that others aren't hypocrites from time to time but public officials are under public scrutiny and have to be careful with regards to their utterances and actions. SLS is the CBN Governor and by writing mainly Islamic related articles and speeches, he has made himself some sort religious crusader. He isn't the first Muslim CBN Governor; others were Mai Borno, Adamu Ciroma, and Ahmed. But it is hard to criticise past Muslim Governors or other Muslims working in banks because they probably separate their professional lives from the personal lives. That position is further exacerbated by SLS pushing Islamic Banking beyond the confines of what is expected of a Central Bank Governor. If a man's beliefs, religious or otherwise, do not stand in the way of his performing his duties, then there shouldn't be a problem. But what if a man tries to make atonement for past actions and uses his office? For instance, what if SLS is pushing this Islamic Banking issue because he is trying to make up for working in Riba taking institutions? Is that idea too far-fetched considering Sanusi's antecedents? Perhaps, this is conjecture but there is a reason why SLS is pushing Islamic Banking despite its failings elsewhere and its likely vituperations in Nigeria. If we ignore religion, what else can we point to as being responsible for his actions (Islamic Banking)? I am merely giving an opinion on this particular point. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by olaolabiy: 11:27pm On Jul 14, 2011 |
My apologies if any poster here felt offended by the term "baby-Katz". It's an unwarranted, angry outburst. I am really sorry. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by ektbear: 11:40pm On Jul 14, 2011 |
No worries man. Ultimately we are all on the same team here |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by Nobody: 8:17am On Jul 15, 2011 |
@Katz, The post was not visible before because spambot thought it was a spam and not only tagged it, it also banned me. It's now been reinstated and I also unbanned. If that happened to another member, they would have said we are banning people/deleting posts that are anti-Sanusi. That's just for the records, I'll take each of your questions and answer them in the next few hours by God's grace. They will require long typing and I've got no time for that now. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by Katsumoto: 4:08pm On Jul 15, 2011 |
Jarus: Jarus No sweat; I was scared for a minute, I thought you took a leave of absence because of this thread. WRT your comments about being banned, I have been banned three times on this thread alone with the posts responsible for the ban also tagged. You can verify from Seun, Mukina and OAM4J but I didn't resort to any conspiracy theories. Perhaps others were banned but to the best of my knowledge, no one screamed conspiracy. ola olabiy: Yes I am seriously vexed. Just Kidding Ola We cool |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by naijaking1: 7:13pm On Jul 15, 2011 |
ola olabiy: No offence. I proud to applaud Katsumoto for his versed knowledge. As a surgeon, I have some specialized skills, but I'm not as informed as Katz in the liberal arts of history, religion-Islam/Christianity, and even economics. So, I didn't take any offence at all |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by Nobody: 7:14pm On Jul 15, 2011 |
Part 1 Whoever wrote this has finished SLS. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by naijaking1: 7:17pm On Jul 15, 2011 |
Jarus: Welcome back, I was surprised you too was banned. I could have sworn it was impossible. Sanusi, doesn't have an MSc in economics, unless the one you awarded him here on N/L. Just post the link. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by ektbear: 7:24pm On Jul 15, 2011 |
Though I posed these questions to a particular poster, anyone who likes is free to answer. In a nutshell, I think branding the current banking system popular in Nigeria and the rest of the world as "Judeo-Christian" is inaccurate. ekt_bear: |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by iragbijile: 7:57pm On Jul 15, 2011 |
naijaking1: Sup Baby-Katz III: I agree with you, Sanusi is empty, as alluded to by your father, Big Katz, the infallible OP. All those claiming he has an MSc are all liars, merely attaching MSc to his resume to curry favor with the CBN boss. What a bunch of twats they all are. After all, It is well known that to become the CBN boss, and to be competent at running the CBN, a MSc is an absolute necessity, barest minimum needed to do well at CBN as a matter of fact. Little wonder the guy is messing up. It all comes down to his lack of MSc degree. No be so? Very very intellectual point you've raised. Very factual, just like Father Katz. Intellectual par excellence you all are, debating facts with no personal insults, sentiments and hear-says, unlike me an air-head who contributes nada to threads. When I grow up, I just wanna be like you all (baby-Katzs, Katz, and the rebel turned lilly-livered baby-Katz-anti-Katz-Pro-Katz flip flopper, professor Ola Olabiyi) Sanusi Lamido Aminu Sanusi (. July 31, 1961), Governor of the Central Bank of Nigeria and the grandson of a former Emir of Kano and Islamic Scholar, Alhaji Muhammadu Sanusi. He started his western education at St. Anne Primary School, Kakuri, Kaduna (1967-1972). He had his West African School Certificate at the prestigious King’s College, Lagos in 1977. He then proceeded to the equally prestigious Ahmadu Bello University, Zaria where he bagged a Bachelor of Science degree in Economics in 1981 and he did the course work for Master of Science degree in Economics with distinction in Monetary Policy in 1983. He earlier did his National Youth Service in former Gongola State (now Adamawa and Taraba States). http://www.weforum.org/contributors/sanusi-lamido-sanusi http://news.onlinenigeria.com/templates/?a=4086 |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by ektbear: 8:39pm On Jul 15, 2011 |
It would be nice if he had some sort of postgraduate training in economics, yes. Especially given that almost all of his peers I could find have the same qualification. BTW, I am curious: 1) If he did indeed get this MS in 1983, and also completed his youth service in Gongola State, then did he complete this MS in one year? It appears that at least right now at ABU, the MS is a 2 year program. Were things different in the early 80s? 2) Why doesn't he make any mention of this MS on his official profile on the CBN website? |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by VoodooDoll(m): 9:22pm On Jul 15, 2011 |
Maybe he "flunked" the MSc Economics course. What does "taken" MSc Economics classes mean, Or was he rusticated for extra-curricular activities? |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by olaolabiy: 9:43pm On Jul 15, 2011 |
naijaking1:Good for you, Sir. And, what a great career you have there. Thanks for telling us something about your career. Yeah! I like Katsumoto too. However, I have discovered that it is better to read as well; not just follow. If you know what I mean. Because, in this case, I had a point. I mean examples, even in the Western/BRIC countries. I was not just too keen to take it further. I hope we know that SECURENCY is NOW a joint venture part-owned by the Reserve Bank of Australia (Their Central Bank). The other owners are in London. http://www.securency.com.au/ Take care. |
Re: Lamido Sanusi's Performance - Brilliant, Over-hyped, Or Mediocre? by kq(m): 10:33pm On Jul 15, 2011 |
That position is further exacerbated by SLS pushing Islamic Banking beyond the confines of what is expected of a Central Bank Governor. If a man's beliefs, religious or otherwise, do not stand in the way of his performing his duties, then there shouldn't be a problem. But what if a man tries to make atonement for past actions and uses his office? For instance, what if SLS is pushing this Islamic Banking issue because he is trying to make up for working in Riba taking institutions? Is that idea too far-fetched considering Sanusi's antecedents? Perhaps, this is conjecture but there is a reason why SLS is pushing Islamic Banking despite its failings elsewhere and its likely vituperations in Nigeria. If we ignore religion, what else can we point to as being responsible for his actions (Islamic Banking)? I am merely giving an opinion on this particular point. @Katsumoto i think you are now trying to delve into SLS mind and find the motive for trying to push Islamic banking, that will be something only he can answer. But the most important is whatever is reason might be lets not forget that Non-Interest banking in particular Islamic banking had been in the works before SLS ever bacame CBN gov. JAIZ bank did get a license during Soludos time but their efforts got a setback due to the increase in bank recapitalisation. Besides whether he is using at a form of repentance or not i dont see all banks starting an islamic banking arm or new banks just springing up under the guise of islamic banking. It is obvious to everybody that it is a form of banking, the blame for all the noise on this issue lies with both SLS and we the public imagine the Methodist Prelate saying just because of the word Islamic it is wrong thats like saying just because their is a cross on the Red Cross then it infringes on a muslims right. Now i blame SLS for some his utterances which are ill timed more often than not and dont address the publics yearning for more info hence making him guilty of putting the public at the mercy of CAN and media of course both this sources will definitely not root for anything associated with Islam not because they hate Islam but due to sentimental reasons. I think we should put more focus on his works as CBN gov than just trying to pin a conspiracy on trying to Islamize Nigeria on him. i dont see any possibility of just turning every nook and cranny of Nigeria over to any religion in particular happening. |
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