Ufeolorun:

Next,Tafa Balogun

Chyz*:

God help this country!

Gbawe:

Guys , make una mark my words. This is the beginning of the move to ease Sanusi Lamido Sanusi out. How is he supposed to work with Ovia given their history? Sanusi directly targeted Ovia as one of those who had to go for the betterment of the Nigerian banking sector .  GEJ may feel the North will be furious if he sacked Sanusi outrightly . The next option is to frustrate Sanusi to leave.

woetooam4j:


How?

Their jobs are different, innit?

2mch:

Are we seeing the possible creation of[b] 3 more monopolies[/b]?

Gbawe:

Will Sanusi , as CBN Governor , not naturally be in any NEMT (National economic management team) ? Would it not be a personal insult to you if you are forced to work with an employee you singled out for dismissal because you were convinced he was stealing from your Company?

woetooam4j:


I think you are getting it all wrong. Sanusi isnt part of the NEMT to my knowledge and he doesnt really have to be. Its like assuming that because Dangote and Otedola are part of the NEMT, then Adenuga would be part of it automatically.

This is a specially created committee with little or no constitutional backing. The role of Sanusi as the CBN governor has the backing of the constitution. As long as he does his job there and Ovie doesnt stroll to the CBN at odd times, I see no problem. These are adults and I expect them to act like adults.

Chyz*:

God help this country!

Chyz*:

Sorry to burst someone's bubble but Sanusi is the NEMT.

iwonbaoko1:

in theory the CBN governor should be politically neutral and not be a member of politically constituted body though he may provide input( IN THEORY)

odogwu-x:

How on earth can you gather monopolists and lobbyists and make them part of a team to formulate national policy on the economy. [/b]As usual the rationale will be that their ability to build huge billion naira businesses makes them suitablw for the job, nonsense! I can't imagine richard branson being made a member of any economic policy team for the simple reason that he will naturally safeguard his interests. Isn't anyone thinking at all

OAM4J:

[size=13pt]Ovia, Otteh, Otedola Join Economic cashcow/cash-milking team Team[/size]

Jonathan’s economic team hijacked
22/08/2011 14:21:00 IKECHUKWU OMEIFE

Anxiety heightened last week in financial and political circles that the National Economic Management Team (NEMT) of President Goodluck Jonathan's administration ,

may have been hijacked by sundry interest groups.
A cross section of financial experts and members of the general public, who spoke to BH on the issue, expressed grave fears that the bloated nature of the much anticipated economic team is evidence of excessive interference by various interest groups.


“My worry is that an economic management team of such unwieldy size may become a chatter house, with much motion and little movement,” stated Olowode.
Most worrisome is the thinking among analysts that the inclusion of private business operators into the team poses moral economic hazards, as they would be exposed to privileged information about the direction of the economy, thereby giving them huge advantage over their competitors in the economy.
They questioned the rational of including top business moguls, whose interests would be tilted to protecting their business interests, noting that critical economic decisions that would benefit the entire economy but that may potentially hurt their business interests, could easily be thwarted because of vested business interests.

Most Broad Street analysts, confirmed to BH that the appointments into the team is politicised, noting that with the composition of the team, the work of the Finance Minister, Okonjo-Iweala, who, many Nigerians believe, will turnaround the economy, will be made very difficult.

Sources close to Oknojo-Iweala told BH over the weekend that she is not particularly very happy about the crowded composition of the team, and the seeming politicisation, as these may present huge distraction to her. Although it was rumoured that because she was denied the privilege of selecting some members of the team, and therefore had threatened to resign over the weekend, as reported in the media, but this has been refuted as mere rumours.  But a reliable source in the presidency told BH in confidence that she actually “complained” unofficially about the size of the economic team.

Gbawe:

Indeed and this is what Sanusi , given what we know of him, will be wondering with the inclusion of the likes of Ovia, Otedola, Dangote et al. Sanusi, most likely, may be inclined radically towards social pro-people policies that will benefit ordinary Nigerians. He will surely , sooner or later, have a problem with those who are oligarchic, elitist and monopolistic in Nature because , naturally, those folks will propagate ideas that abets their interests.

Personally , I see Otedola, Dangote, Ovia et al as Vulture-like capitalists with no social conscience or dedication to Nation building much like how Oligarchs of Russia , who accumulated billions with the help of Government, think nothing of buying a flat in Central London for £103 Million and then spending £200 million to 'do up' the flat . 

I wonder when they will invite Adenuga to join the 'Party'. Given the oligarchic society that has arisen, with a few Nigerians filthy rich via partisan Government assistance, our policies , naturally, should seek to redress the balance via leaning towards socio-capitalism. We won't get that, IMO, with this team. That is what Sanusi will have a problem with.

iwonbaoko1:

i see no evidence that dangote is like that. i am aware of many inititaives that he has to encourage human capital development not just in nigeria but across africa. i see no evidence of self indulgent luxury/opulence. no doubt he has had an unfair advantage in nigeria but there have been many others who have had the same and achieved little. he is investing mainly in africa and has build a huge conglomerate portfolio that is listed in several countries and so more likely to survive his demise. i hve no doubt that he is on rack to become the richest mn in the world given the opportunities in africa and his willingness to take risks.

£300 million on a london flat?? guy cool down

UK's most expensive flat sold for £135.4 million
The UK’s most expensive flat has been sold in London for £135.4 million, according to Land Registry documents.


8:36PM BST 16 Apr 2011

The buyer of “Flat a” at the One Hyde Park development is understood to be a Ukrainian who purchased the penthouse in cash in 2007.

The new owner is thought to be spending up to £60 million on interior work after receiving the apartment with bare walls and no amenities.

The Ukrainian used an offshore company called Water Property Holdings to buy the flat, which covers the top three floors in the Richard Rogers designed complex next to Knightsbridge.

The complex, built by a development group led by the Candy brothers, the upmarket property investors, has become the most expensive residential development with almost £1bn of sales transacted across 45 apartments.

The scheme finished in January and almost all the apartments have been bought through offshore trusts.