Well, for me i dont have any problem/fear about nigerian banks. They are all safe depositors-wise. Few of them only have erosion of capital base due to over-lending as a result of unhealthy rivalry/competition for first place within the nigerian banking land space, coupled with weak/no collateral. However, i presumed all is well now. There wont be over burdened budget and targets for public deception. Fidelity bank is an average bank with good prospects.

But, dont forget that most of this debtors are withdrawing their cash from the presumed certified/cleared banks to pay their debts thereby creating a systemic run on these banks said to be ok. I have a friend in SPRING BANK who complained about his customer terminating his deposit of N200M so as to redeem his obligation with AFRIBANK. The friend is presently in deep shit because his CABAL has dropped below 35% and i guessed so it is with other bankers like PHB, UBA, SKYE ETC who were desperate to collect deposits are whatever rate. Lets wait and see how things turn out in the nearest future.

Its well my brother. dont panic jare. These so called troubled banks will bounce back soonest. just watch out.

Hmmmmm, there is no "qualms" for too much "uhuru" here. Its all the effect of GLOBAL FIN. MELTDOWN. Dont 4get.
We are import dependent and corruption ridden nation. All over the world, the prices of goods and services dropped
but, Nija's case was the reverse. Instead, the FGN decided to devalue the currency just to sell dollars at higher rate to
meet up their budget deficit/shortfall and deterred the oil & gas mkters from selling at the price they wanted to sell based
on how much they bought them thereby incurring losses which hindered them from meeting their obligations to the banks.
Too bad. Let, Sanusi cool temper ooo. In risk mgt, u dont need to be hasty in decision making. Even the appointments of the
acting CEOs, what were the requirements, antecedents etc. Why not the FOLA ADEOLAs of GTB.

As per whether Sanusi intends to sell the banks or not, i dont give a damn. Its highest bidder's game. I am ready to work
for now and for whoever. No probs my guys. Let him go on and let the sacked excos explain themselves. Afterall, they started
it all by sacking/firing bank managers/staff for poor credit administration, target achievement and what have u.


Later guys. Keep in touch.

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Hey guys, nice one. But, it seems u guys have suddenly 4gotten that the whole world is crying of GLOBAL FINANCIAL MELTDOWN. This crisis alone is capable of running a country aground. Even Barrack Obama's bail out fund is also shaky at the moment. Critics have began to fault it. Hence, Sanusi's bail out fund to these banks may not make any solution at the end. Ok, if it does for the five banks, what about the 14 others undergoing examination? maybe CBN or FGN would help in covering the shits because they wont have the second chance to release bail out fund as the NA will not approve of it. Remember, FGN is running a deficit budget at the moment. HMMMMMMMMMMMMM, i am affraid things may worsen soon. Noops! i am not a doom prophet nor pesimist. Just being realistic here.

Sanusi goofed by rushing to the press to announce their sack and 400billion bail out fund to caution the run on the banks. One would have expected him to wait until after the common year end by Dec. 2009 which would simply expose these banks and then have good reasons to nail them. Afterall, bank stress test was conducted in US but they never caused such ripples as we have here. Too much egocentrism was applied perhaps to make or announce a new name on the block.

Come to think of it, when these banks were releasing bumper figures as profit and dolling out mouth watering dividends to shareholders nobody raised alarm. Maybe, their shareholders thought they printed money and paid them. Off course not. They invested into these businesses that have now been infected with the GLOBAL FINANCIAL CRISIS. HIGH RISK!HIGH RETURNS! vise versa. Pls, Sanusi & FGN temper justice with mercy. The manager that has been performing has suddenly become a "CRIMINAL" HABA!!!!!!!!!!! You can bail out the situation without necessarily causing panic in the industry/ Country. At most, six months is enough to come out of this shit with the necessary aparatus of the state like EFCC, POLICE, NDIC AND Recovery Agents just like they are already doing. WE MAKE NOISE TOO MUCH THATS WHY WE HAVE DERAILED AND COUNTRIES LIKE GHANA, BOTSWANA etc are on the front burner. WE NEED NOT ONLY RECOVERING THESE DEBTS BUT NATIONAL REBIRTH.

Pls, let me rest my case.

GOD BLESS NIJA.

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I quite appreciate the fact that Nigerians dont 4get things easily even though we are high risk flyers. I do agree that the regulatory authorities have much to do on the issue of WONDER BANKS. Sometimes ago, they attempted bailing us out of the shit but alas, they derailed perhaps they were settled too by the tricksters. Not to worry, very soon, i say very very very soon, we shall now how far in this country.

There would be a radical bail out, means.

comrado