₦airaland Forum

Jarus:
What should EFCC arrest Soludo?
Did he commit any financial crime?
Did he aid or abet any?
Did he defraud anybody?

The CBN gave the following statistics to back up its action.
1. Total Loan Portfolio - N2.8trillion
2. Total Margin Loans - N456billion
3. Exposure to Oil & Gas - N487billion
4. Total Non-Performing Loan - N1.143trillion (rep 40.81%)
5. Outstanding balance at EDW - N127.85billion (rep 89.81%)
6. Net guaranteed interbank takings - N253.30billion
7. Liquidity Ratio - 17.65% -24% (below 25% minimum)
8. Capital Adequacy Ratio - Below 10% minimum (one has 1.01%)
9. Market Share – Total Assets - 31.47%
10. Market Share – Deposits - 29.99%
11. Market Share – Loans - 39.93%
12. Minimum Capital Required - N204.94billion
13. Capital Now injected - N405billion

nobilia:
@Dis Guy,

And this panick being created is the best way to go about it?

Fhemmmy:
It is not the job of Soludo to be monitoring the bank MDs and be looking at their books to see who is owing and not paying, it is the job of the banks to make it known that people are owing and not paying them, i think the banks has been cooking the book to make them look good.

at least ADENUGA's name was not included, maybe he is,

myspace:
The next round of bidding for the EPL is in a few months. I hope DSTV will win it this time. I have HITV and I do not go to viewing centers but it is obvious that this draconian measure will put many VC operators out of business.

UNLEASHED:
It will never work!

Phony200:
As for source, it's in the Guardian. Commercial viewing centres will pay 20k per month while hotels pay 1200 per room. Wow. A friend of mine owns a viewing centre. I doubt they can cope with that. I see this as kinda outrageous.

@dis guy,Jarus can u see this giant step from EFCC just this morning.i think Nigerian should be re-orientated so that they can stop there uneccessary propaganda

haboosa:
@ jarus I was able to go through your story on Lamido Sanusi I dont know on before you even paste it here on naira land and I was able to read many other personal article you use to publish, all this make me respect you but the fact still remains that no matter what this guy (Lamido Sanusi) put in place in other to rectify the abnormalities left behind by this so call MD ceos, people will still critize him for religion and ethnic biasness, what i think is that we need total reorientation of the Nigerian masses see what i wrote above, it was culled from a national dailies for God sake this total craziness(I apologize for that bad language have got no option),let us all come together and fight this corruption with our own hands. As sefago rightly said the other time that America are also corrupt but they don’t just allow it to overwhelm them, by supporting Lamido Sanusi we can articulate the fight against corruption, even if he(Lamido) too tends to lean towards it(corruption) we can correct him too. This is our country and we do not have any other place to call our own rather can we invite people outside to run our things for us. God bless Nigeria.

hamjola:
hello,i need to get appointment at the italia embassy 2morrow.i was told that their is no more date for this month again.do anybody have information to that effect.its urgent pls btw today and 2morrow.u can get me on 07029337001,08023074446.thanks

mistakay:
yesterday Sunusi Lamido spotting a cowboy hat was talking to CNN correspondent Purefoy regarding the issue of the sacked M.D's. Although i support him 100% for the action he took to sanitise these banks and also understood the rationale behind removing them cos Naturally since he is injecting about 2.5 billion dollars to save these banks its only fair that he should remove them if he has no confidence in them.However
I REALLY DONT THINK HE SHOULD PUT THEM IN JAIL LIKE HE SAID.OH ESPECIALLY THAT LADY PLEASE !!!!!

WHAT DO YOU THINK?

atilla:
Funny enough I dont think it was wema banks current MD that caused the problems. From what i can remember it was some other guy who has been removed from the bank since and the bank is actually getting better so removing him might not be the solution and the fact he is still there might be a good thing.

Beaf:
It must be against the law for govt to sack people in the private sector. Can't they take them to court if there is evidence of corruption? Some of these people own the banks eg Ibru. I'm shocked!

hollandis:
Why was unity bank a.k.a bank of the north left out of the ensuing melee?Can Sanusi convincingly tell Nigerians that Bank of the North scale the "tier 2 capital" hurdle?

mikeansy:
Lets not turn this debate into another Sanusi vs Soludo

Consolidation shielded our country from the effects of global downtown, ATM was an attempt to bring Nigeria's banking processes in tune with the 21st century. If these achievements are what makes a man a crook, I wanna be one.

Firing 5 CEOs abruptly and replacing them with some of your pals at FBN does not sound like much of an achievement to me.
For the sake of our country we all hope that Sanusi succeeds, but its still early days to predict but I wish him well, if not for anything for the sake of Nigeria.

[b]By the way since he entered he has done nothing more than talk down our baking system and each time he does this it sends ripples to the Stock Mark[/b]et. One momment Nigeria's Banks are not sound, the next moment 5 CEOs are sacked. Each time Naira drops against the dollars.
Yes the CBN is a regulatory body, but if you continue to undermine the system and it crashes, you will have nothing to regulate.

We need an integrated and positive approach to Banking reform whenever necessary, not just to grab headlines.

aegibson:
NPL Names Glo League XI

By SportsDay Reporter on 13 August 2009 - 12:09am OTHER SPORTS WORLD

Three players each from champions Bayelsa United and runners-up Heartland FC have been named in the Globacom Premier League All Star XI ahead of next week’s Awards Gala in Ilorin.

Bayelsa United goalkeeper Bassey Akpan is joined by team mates Chibuzor Okonkwo and Bernard Okorowanta in the league’s outstanding performer’s team.

From Heartland come the effervescent Stanley Okoro, rock-solid ThankGod Ike and left back Joseph Eyimofe. Deposed champions Kano Pillars supplied two players led by the impressive Solomon Okpako.

Warri Wolves, Akwa United and Sunshine Stars threw up a player apiece.
The Awards Gala will be held at Ilorin on August 22.

Globacom Premier League Best XI

Goalkeeper: Bassey Akpan (GK/Bayelsa United),

Defenders: Chibuzor Okonkwo (FB/Bayelsa), Joseph Eyimofe (FB/Heartland), ThankGod Ike (CD/Heartland), Abdulwasiu Sowemimo (CD/Kano Pillars);

Midfielders: Solomon Okpako (DM/Kano Pillars), Bernard Okorowanta (AM/Bayelsa United), Mike Okoyo (LM/Warri Wolves), Stanley Okoro (RM/Heartland);

Forwards: Akarandut Orok (FW/Akwa United), Ibrahim Babale (FW/Sunshine Stars)

Coach:Monday Odigie (Bayelsa United)

novaman:
My Dear Nairalaner,

One thing we all should know is that she is only a square peg in round hole; ministers in Nigeria are not just there for political reasons they actually make use of information provided to them by the people on ground (civil servant) in this case those are the people in the NTA, especially the Director General. He is suppose to be in position to know that Standard Definition can never be upgraded to High Definition; although she will get all the fire at the end because she relied solely on the information provided to her by the criminals in the ministry instead of doing her own ground work.
It is the DG of the NTA and those who acted as middle guys that the EFCC should invite immidiately for questionning as that will revil so many things.

On the issue of whether they should continue with the HD, I think they should since every network is expected to switch to digital by 2012, now is the best time to do so, as it will be good for NTA to start on HD rather than wait until 2010 or 2012 or 2015 (the final date). So i think whether or not they have the right to host or not they should get the HD it is good for the nation but they should review the cost and ensure that nobody tries to say we are upgrading, instead they should replace completely. If South Africa could have purchase their entire system used for the Conferendation Cup at just $6.8Billion, we can see that someone is not telling us the truth; let us contribute ideas instead of castigating. I blame her for accepting the job, she should have gone to health.

* Dora Akunyili is an upright woman caught up in the nefarious dirty gimmicks of the leaches running the show in Abuja.
* When the ghouls in Abuja tried to rubbish the much respected Ngozi Okonjo-Iweala she quickly resigned, knowing the tricks of the gang of imbeciles.

BettyBlue:
Hi all,
Can anyone please give me an idea of a decent and cheap hotel i can stay for a couple of days in abuja. I intend to be there next week. Also what places can one go to hang out. Are there any tourist attraction in abuja?? if there are, will appreciate knowing. thanks.