₦airaland Forum

I think its better if we keep sentiments asside and face the fact.
When SLS came on board, after the stress audit, it was discovered that a number of banks were in a critical or grave situations. He had two options as stipulated by the CBN ACT; its either the bank are handed over to the NDIC for closure as a result of liquidity problems (which would have been the worst decision) or he uses the power and authority bestowed on him on his capacity as CBN GOV to inject funds into the banks for continuous existence and to the advantage of  stakeholders and the economy at large. I happen to be working in one of the bailed out banks with one of the largest customer base. People should understand that if this banks were not bailed out, a huge amount of depositors would lost their funds, the consequence would surely be lack of confidence of people to leave their funds in banks in the future; people are complaining of job losses, this would have been worst if the banks were stalled or shut down, (i would have once again been in the labour market.); shareholders would have lost their investments. So pls we should rather give kudos to SLS, he is only cleaning the mess created by the prof and i think he is doing so perfectly well.