One of such is Section 4, subsections 1, 2 and 3 which states that: “It shall be unlawful for a landlord or his agent to demand or receive from[b] a sitting tenant[/b], rent in excess of three months in respect of any premises.

Another stated: “It shall be unlawful for a sitting tenant to offer or pay rent in excess of three months in respect of any premises.”

You are re-tarded.

How is it Sanusi's job to check how much his friends are worth? Fooooooooooooool!

It is beggars belief the kinda daft posters that respond to a thread on this forum. . .
Do you have any concrete evidence he owns the property?
Do you know whether the property was even rented or on a mortgage?
Use your head next time you reply to a thread or discuss issues on a public forum. . .
Dimwit!

On the issue of Banking. The last decade or more was a time of Financial Boom in the Banking industry worldwide. This Boom was fuelled by innovative activities like 'Securitization'. Some Financial experts have written about this phenomenon with the Governor of the Bank of England describing the era as an era of enourmous 'search for yield' while professor Markus Brunnemeier of Princeton University in New Jersey describe it as what he called 'Originate and distribute' which replaced conservative banking processes. Yes the period was a period of high risk taking worldwide and Nigerian banks took part in those high risk taking in our quest to compete with others in the global economy.
Our Banking industry grew at the time, depositors were more confident in the safety of their deposits, we digitalized our banking system a lot better, created more jobs for youths through the banking system. But because we tried to integrate and catch up with the rest of the world, we were bound to have a piece of the pie when things go wrong.

The sub-prime mortgage crisis which led to the global financial crisis did not affect Nigeria per say. However the consequent fear of the unknown led to foreign investors taking their cash off our system in what has been described as a cash flight.
When the Financial Crisis hit, countries like UK engaged in things like Bank Recapitalization in their quest to stem the crisis. It is important to note that at this time Nigeria had already recapitalized in our consolidation exercise, this particular truth led to other countries wondering whether Nigeria foresaw the crisis.
But what you can not necessarily control before hand is the reaction of things like the stock market in the face of such cash flight and lack of investor confidence worldwide fueled by nothing else but protectionism and fear of the unknown.

However, when things go wrong it is imperative to ask questions and assess how you can do things better? It is called CONTINUOS IMPROVEMENT. It was Soludo who in the face of the global financial crisis and its impact in the Nigeria financial system initiated an audit of Nigerian Bank activities at the interbank and their credit profile. It was this same audit which Soludo instigated that Sanusi has used for his so called reforms. Yes maybe Soludo may have dealt with the outcome of his report in a different way and may not necessarily engage in militant grandstanding with the Banks. It is also instructive that Sanusi has not put any blames squarely on the doorsteps of his predecessor in fact he has come out to defend Soludo in the face of a blackmail in what some want to call polymer-gate.

The recent revelation by the Bank of England that they had secretely bailed out the Royal Bank of Scotland in 2008 is instructive of how serious countries deal with these problems in their financial system. The CBN Governor does not necessarily have to be at war with the Banks. The last time I checked the number of Bank Chiefs you sack is not a macro-economic index. Let us hope and pray that Sanusi succeeds in his approach to things. But that there is need for reform does not necessarily mean the years past has been a failure. It just means we have to continue to improve. Mervin King the Governor  of the Bank of England, and Ben Bernanke the Federal Reserve Chairman who presided over their central banks at the time when these crisis hit have not been tied to a stake and shut dead. They have not even seen the very viscous personal attack which Soludo has faced. In fact they have been kept on at the centre of the efforts to resolve the crisis.  Please let us not crucify Soludo for Nothing. Dr Mansur Muhtar the Finance Minister has said it repeatedly that we did not bear the full weight of the global financial crisis because our financial system went into the global finanacial crisis a very formidable system. All this is down to Soludo’s work as CBN Governor.

Anybody who believes that Sanusi could save a melting Bank by simply standing on a pulpit to announce the sack of 5 Bank chiefs as well as announce cash injection which evidence showed was not immediately needed or used by the Banks simply will believe anything. We need to improve, I hope Sanusi continue to lead the effort to make those improvements but the last 5 years have not been a failure. We don’t need to throw the baby with the bath water just because of politics.

Soludo is the Best CBN Governor so far. I hope for the sake of Nigeria Sanusi surpasses his records in due course.

If Soludo is your relative & u r writing based on sentiments, pls let us know. Obviously, Nigeria is d only place your father will b a thief, your mother a criminal, your siblings murderers & yet you keep quiet. One day, they will turn around & kill u. We shldnt habour criminals; personally, I cant. It pains me that we dance abt when it favours us & change dancing steps when it doesnt favour us. The truth is, we cant continue 2 leave this power in d hands of killers and corrupt set of recycle dragons. Change must come by. It bothered me so much in 2006/2007, during d 3rd term debacle, when America was calling "CHANGE, CHANGE, WE CAN BELIEVE IN" which saw Obama in power; and Nigeria was saying "CONTINUITY."

My brother, I say, LET THERE BE LIGHT!!!! LIGHT in all ramifications and let the PEOPLE REJOICE FOR ONCE!!!

wonder why people are rejoicing. Are we rejoicing that his appointment was democratic? Are we happy dt PDP dt frudulently fielded him has bn doing well in governance? R we happy that corrupt Soludo, who turned d banking industry into a laughing has left a good legacy in that subsector? Are we celebrating that we do NOT know that UBA sacked yet another set of hundreds of staff ystdy? This is outside Zenith, Intercont, Oceanic, Spring etc sacks and paycuts in others. All these are happening bc he left charf & shams as legacy. Now, to correct the system, heads are rolling and poor employees are suffering.

Nobody should misunderstnd me, I hail Soludo's consolidation effort. But he became corrupt, covering all sorts of evil and conniving with those rogue-MDs to streal and drain the system. His regulatory system was flawed with either corruption or inability detect sharp practices. He plotted illegal acquisition of Spring Bank by PHB, which has been corrected. He plotted the ouster of Finbank non-executive directors to pave way for Okey Nwosu to take over the bank. This you couldn't have read in the paper. He did a lot of unthinkable things. He is corrupt; very corrupt. I will say it again, and again.

But i wonder why the supreme court is always controversial. Is it not the same court and the same people that handled the Amaechi vs Omehia case? Why give a different judgment? Omehia was a consensus candidate, same was Soludo. I guess Hillary Clinton knows Nigeria better than us (Nigerians).

It appears as if the guys at punch have gotten back to their senses. I was surprised to find that they have repented of their childish ways. Who on earth in their right senses will pay to access a Newspaper's Website when the others offer theirs for free?

Yes. . . they are old fellas with no shame kicking about kids they are old enough to father!

1. There was an initial plan to put off the light for the fire works if Nigeria wins.
then, those in charge could not wait to express their joy and the fireworks began.
the control room also, out off joy ignored FIFA and their officials and decided to go on with the celebation by putting off the light.

or

2. The baba in charge of the switch outside the stadium was told to put off the light when the fireworks begins. and he not knowing that the match was till on, and on seeing the fireworks switched off the lights as planned.

[b]i think one of the above explanations should be good enough for FIFA.[/[/b]quote]

You just said it all there

How many of the new bank MD/CEOs are Northerners?