₦airaland Forum

I have noticed that the argument here is caused by misunderstanding especially by those with non finance background, thats why some keep arguing that durring soludo things were good. Here is a crash coures in Finance;

1 No doubt soludo did a good job in consolidating the banking sector, but that was just half of the job

2 When u create banks that 'big' u need to monitor them moren (regulate), that second part soludo did not do

3 I just did a thesis on the consolidation and I found that some banks had negative working capital as early as 2005, the implication is that they were definately taking on more risk than they could handle

4 Here is a finance Basics Leverage (which the banks r guilty of having too much) creates abnormal profits, but so is the other side of it (losses)

This is where risk mgt comes in, Soludo should have known better as a financial economist that those profits the banks were making dont justify the excessive gambling and risk taking of those banks giving the vital role banks those banks play in the economy.

Looking at it in another angle we r lucky the productive economy (if we even have one!) dont depends on these banks coz they neva granted loans to the small bizs, But if it had depended the story would have been worse coz not just bankers will be loosing jobs, but the entire economy will be shedding jobs, and then we will start demanding our leaders be hanged for their omissions or commissions

Now on the issue of some saying we blame soludo for this mess bcoz we were not sacked!! this is a bizzare argument.
Infact in my view if u are a Sacked banker and u saw nothing wrong in the status quo (which was a bubble that would eventually burst even without sanusi's interferance) then u deserve to be SACKED; my reason for saying this is probably u have no degree in FINANCE, ECONOMICS, ACCOUNTING or MANAGEMENT and see nothing wrong with the dubuios accounting, book cooking and reckless gambling these banks indulged in.

Put simply these sacked bankers (not all but those who were happy with the STATUS QUO) are just currently STRUCTURALLY UNEMPLOYED; which is an imbuilt system in any economy to correct the problem of unskilled labour force, pending when they acquire the necessary training and understanding needed to feel the new positions in the economy.

BOTTOMLINE I am not blaming soludo 4 what he did, BUT 4 what HE DID NOT DO, which is he did not adequately check the excesses of these banks giving that there were glaring signs for even outsiders like us to c that these banks were on unsustainable path. He should have known better.

I have noticed that the argument here is caused by misunderstanding especially by those with non finance background, thats why some keep arguing that durring soludo things were good. Here is a crash coures in Finance;

1 No doubt soludo did a good job in consolidating the banking sector, but that was just half of the job

2 When u create banks that 'big' u need to monitor them moren (regulate), that second part soludo did not do

3 I just did a thesis on the consolidation and I found that some banks had negative working capital as early as 2005, the implication is that they were definately taking on more risk than they could handle

4 Here is a finance Basics Leverage (which the banks r guilty of having too much) creates abnormal profits, but so is the other side of it (losses)

This is where risk mgt comes in, Soludo should have known better as a financial economist that those profits the banks were making dont justify the excessive gambling and risk taking of those banks giving the vital role banks those banks play in the economy.

Looking at it in another angle we r lucky the productive economy (if we even have one!) dont depends on these banks coz they neva granted loans to the small bizs, But if it had depended the story would have been worse coz not just bankers will be loosing jobs, but the entire economy will be shedding jobs, and then we will start demanding our leaders be hanged for their omissions or commissions

Ole, Malware distributor, Shege, commot 4 here,

ABeg house, does any one Knows Derma contour, I applied to their secretary ad, and recieved a msg asking me to contact their consultant.

After contacting him he asked me to contact him to arrange meeting,

Any advice 4 me,

yes, ooo that afternoon no easy

U guys fit join hand sign petition or at least join small money and sue these banks for the following

1 if they ask u to resign and u dont want yet they make it look like u voluntarily resigned

2 if they talking of cost cutting make them first cut managemnt bonuses and the allowances to board members, bcoz these guys neva consulted the ordinary staffs when they ran these banks to the ground through irresponsible risk taking and lack of foresight in granting unsecured loans.

3 or u can sue them for sacking u without notice a week to chrismas,

If u guys can start these then other banks thinking of selfish downsizing will have to think twice b4 they start dishing out cheap bye bye letters, Coz trust me other banks are thinking of going down this route too,

Guys I wrote the level one exams and trust me 'e sweet and e no sweet', but God go help us all, I heard the passmark is based on some kind yeye weighting system; 70% of the top 1%,

Any way lets all join here and share expirience b4 result commot/,

On the day i took the exam one yeye headache begin hammer me I had to ask the proctor to change my sit from the window bcoz of the sun, e no easy,

I sympathize with u guy, but too vex, Its crazy I agree to sack pipu b4 Xmas, but going as far as saying its some conspiracy makes no sense at all,

1 Notherners dont own IBPLC
2 your case in all likely hood is an isolated one, think of the Hausa man working in Abeokuta branch and was also sacked, should he say its a South conspiracy?

I know u r angry but if u realy excelled as u say u did I expect u to show some focus, clearmindedness, and judgement outside ur emplyment just as u did while u were employed, GOODLUCK,

PS. I am also comming back to Nigeria to join this mess of a country ,,,,but By God grace together we go make am better,

hey guys does any one has any info about these guys KOBOSMART, what they do and how they pay and any relevant info about them, I just recieved an e mail from them after applying to them saying I have been selected to be one of their consultants, it seems they want us to market some sort of e book or some thing,

They want me to send my account number pasport photo and address, HAS ANY ONE APPLIED TO THEM AND RECIEVED SIMILAR MESSAGE, ??