ibgreat:

@awizl

You are not sincere and objective in your submissions.

1. I was surprised that you are relating this issue with epidemic. OK as a doctor you have a patient that was transferred to your hospital with a complaint that his suffering from malarial and you started giving him anti malarial drugs. However, as professional doctor, don’t you think it will be wise and necessary for you to conduct a thorough diagnosis to know if his not suffering only from malarial? Your example is not cocorrelatedith the topic.

2. What about the case of Notore Chemical which was classified as non-performing loan. And agreement was to be paid back within 6years.

3. Why CBN now asking other banks to separate their project finance loans from Business loans? For your info, project finance loans are classify as bad loan which could be write off or recover. Or you are not reading newspapers daily.

4. In the case of Ramson Engineering Company (NIPP project). FG is still owing the company and it has asked FG to pay back while they pay their lenders too.

5. What about a long term loan?

6. Cannot be without their consent. Agreed, But considered 2,4,and 5

7. If you know this, why not complete the ininvestigation|_
8. Referred to 6

9. Referred to 6 also

10. While majority back home are criticizing his actions


Note also that in any democratic and civilized nation all what I mentioned, due process and respect to the law of the land have to be critically analyzed and looked into before taken decision on a sensitive matter like this. Nigeria is not yet a civilized nation.

Apparently you are one sided in your judgments and your arguments are baseless.

We shall see the end of it

ibgreat:

It's quite unfortunate that this issue was blown out of proportion and many of us that looked at this issue critically believed that what Malam Sanusi did was not bad but he (Malam) took a wrong approach and was just hasty in his decision.

The sector is very sensitive to the extent that is the only sector that makes few things that are working in the country presently made possible. A lot of questions have been asked which Sanusi failed to proffer solutions or rather unanswered. Such questions like:

1. Why not conclude the investigations of all 24 Banks before taken actions?----when u treat an epidemic,do you wait to diagnose the whole public b4 treating the first few you have diagnosed?
2. Why not asked the lender (banks) the modalities involved in given out the loan?-----irrespective of modalities,non-performing implies that the repayment is due and is not forthcoming
3. Where they Capital Project loan or Business loan?-------this absolutely has nothing to do with an agreed repayment time frame,this issues are treated b4,mode of repayment is agreed
4. Why not investigate the circumstances surrounded the borrower not to pay back?-----Not being able to pay back is the borrowers problem,if its caused by internal mismanagement,the borrower should investigate
5. Why not investigate the kind of business venture the borrowers undertake?------[b]that should have been done by the lender.failure to do that constitutes a breach of LAID DOWN procedures on the lenders part[/b]
6. Why not Gives the CEOs opportunity to defend themselves before the axe?------they have proven that they are incapable of effectively running the banks,Obviously those kinda loans can't be approved without their consent
7. During all these, why not asked all the bank to suspend lending pending the investigations will be concluded?------that would be throwing the baby out with the bath water
8. Once the CEOs are guilty, why not asked them to resign given say 20, 30, 40 minutes or an hour to resign?----refer to number (6)
9. Why declared borrower wanted knowing fully that lending or borrowing is not a crime?------borrowing without intention to pay back or not paying back at the agreed time, constitutes a breach of contract,and that's a crime!
10. Why Going to UK to stage rally to convinced them of your action while people back home were not convinced of your actions? And a lot of questions were raised without been answered.------because irrespective of domestic variables, our image internationally is a constant that needs to managed effectively,US does that effectively

However, its obvious that the chairperson of EFCC lack basic knowledge needed to be at helm of affairs of the EFCC. You cannot just asked to start running without asking them that where I am running to. She had suffered one defeat now. Those that were glaring that they embezzled public fund were nether arrested nor prosecuted. Where is the case of Ndidi Elumelu and co?

Let's wait and see the end of this and if it will not will not disappear into the air in next couple of months. I also believe that some of these CEOs and their EDs will be reinstated.

Let's be following the drama.
God Bless
AND FOR THE RECORDS ,,,,YOUR QUESTIONS WERE JUS PLAIN DUMB LAME