₦airaland Forum

7. Does Sanusi have any links to Boko Haram especially since he is eager to explain their activities?
He has never been eager to explain their activities. When he was silent on it all these days, he was accused of complicity. He talked, he was accused of complicity. Haba!
Like SLS told me when I confronted him with this article he is aware of a 'structured attempt to drag him into the debate and Eghes in particular is seeking relevance'.
By the way, Bill Clinton has also stated that poverty in the north bears relationship with the violence there. Maybe he is a Muslim fanatic too. Only ignoramuses that don't know SLS will think SLS will be a party to violence, religious or ethnic. He has debunked religious violence in the past and this quote from him(2001) is anotehr proof:

", Very recently, the Katsina State Government tried to pass Bills banning the sale of alcohol and the operation of LovePeddler-houses in the metropolis. As a consequence of this move (and, it is said, failure of the House to approve the Bill), irate Muslim youth, shouting Allahu Akbar decided to burn not just beer parlours, hotels and whorehouses, but also Christian churches.

“Now, the Qur’an (Hajj. (ch. 22): 40) specifically forbids tearing down monasteries, churches, synagogues and mosques. Yet the leaders of Muslims have not come out strongly enough to condemn this violation of the rights of Christians, nor considered the implications of Christians in turn burning mosques in retaliation. It is also worthy of note, that christian morality does not approve of alcoholism and prostitution.

“A second example is the recent furore over Obasanjo’s appointment of northern Christians into his cabinet. I have elsewhere made my views on this known although several people have branded me, and others like Col. Umar, anti-Islamic or anti-north for not joining this hypocritical farce

“In failing to rise above bigotry and chauvinism, northern Muslims act against injunctions of their faith. The Qur’an expressly preaches freedom of religion [see, for example: Al-Baqarah (ch.2): 256; Yunus (ch.10): 108; Hud (ch.11): 121-122; Kahf(ch18):29; andAl-Ghashiyah (ch.88) :21-24]

It is also pertinent for those who criticize us to recall that Allah specifically instructed that trust and leadership should be given only to those worthy of them and to judge between men with justice (Al-Nisa (ch.4): 58). Also, if anyone believes that false witness should be given for or against a man simply because he is a Muslim or Non-Muslim, he should read [Al-Nisa (ch4): 135; also 105and Al-Ma’idah ((ch.5): 6]. Finally for those who object to our inviting good muslims and good christians to come together and give the poor people of this country the good government preached by both faiths, please read [Al-Imran (ch3): 64] which provides a basis for coming together on common ground.”

- SLS(2001) 'ISSUES IN RESTRUCTURING CORPORATE NIGERIA'

I, alongside one Celestine Mel(a Niger Delta Christian), had engaged Eghes on this article on Facebook and tore it to shreds, and I have also written the above article, but let me spare my time to decontruct it here too.

1. Why did he choose to go to Sudan for his Shariah Doctorate?
What is wrong in going to Sudan, an Islamic country with a well-known university(International University of Khartoum) to study Islamic studies? Is that a crime? Or you want him to go and study Islam in Israel? Or America?

2. Osama Bin Laden was in Sudan about the same time Sanusi was in Sudan. Did they meet in Sudan?
Ibime was in PH around the time Tompolo was there and met him. Is Ibime now a militant?

3. Who were Sanusi's associates, friends, classmates, teachers and Imam in Sudan?
Why do you need to know? That's an insult. Erastus Akingbola and other pastor-CEOs decreed fellowshipping in their public limited liability companies, no hue.

4. Who financed Sanusi's education in Sudan since he was without a job at this time?
Eghes, a senior colleague in Accounting profession, fall my and big time here. I have friends that worked for just 2 years and went abroad to study for 3 years and lived on the income they earned while working. To think Sanusi, who had more than 10 years working experience and already a Bank area manager, before traveling to school in a less expensive Sudan(not America or England), will not have money to sponsor his education is an insult to intellectualism. You see why I called Eghes a pseudo-intellectual?

5. Why has Sanusi been so zealously pro-Shariah implementation in Nigeria as shown in his writings on www.gamji.com? Why can't he as a Nigerian and a Muslim express his views on any issue? By the way, go and read his article, THE ADULTERESS DIARY(November 2001) and come back to tell me whether he supported the northern-governors' Sharia then. In that article, he not only stood behind the sharia-convict, Sefiya Husseini, but also exposed teh hypocrisy of the northern sharia governors who, in their guest houses perpetrated adultery. If anybody read that article and still believes SLS is a fundamentalist, then the person's head needs checking.

6. Is Sanusi's fanatically advocacy of Islamic Banking and the issuance of "Sukuk Sovereign Bonds" by Nigeria merely about Finance?
I am a heavy sucker for news and I remember far back 2005 I have been reading about Islamic banking in Nigeria. Soludo, it was who issued the first guideline on Islamic banking. far back 2008, Soludo sent his deputy, Tunde Lemo, a pastor, to go understudy Islamic banking in Malaysia. I don't know whether you people expect SLS to sweep it under the table when he assumed office. It is people like you that controverted IB by shotuing hoarse and forcing SLS to react to the allegations(what you now call vigour). It is just a regular banking model gaining momentum the world over. If the current CBN governor was not a Muslim, you guys would never have suspected anything. By the way, I read couple of days ago that Germany introduced guidleines for IB.

7. Does Sanusi have any links to Boko Haram especially since he is eager to explain their activities?

I am still not convinced you have a basis for us to pull down teh thread.
Post the government's rejoinder here, with link.

Can you, Naijaking, itemize the questions, because as far as I know, I have addressed the questions? Also, an enlightenment into the background of the writer, whom I know and also knows me, gives an insight into where he is coming from. That also cannot be discounted.

So you agreed that Soludo, Clinton and SLS have all stated the obvious.

Let me also call attention to this line from the second article
", They yearn for a system that will allow them to ask questions about stolen public money and a betrayed social contract. They are impatient with those who think that the way to grow is through government contracts and unproductive rent. They are well educated and world-class-skilled like Sanusi Lamido who has justifiably and competently taken charge of First Bank Nigeria PLC, ". So it is ridiculous to think that SLS as noted in this 200x article, who has constantly tasked and challenged northern leaders will be the one to aid and abet them today.

Just to tell you that the writer of that article is my friend whom I had replied since last week and he had also read my rejoinder. Knowing him, I know he can go to any extent to fault Sanusi. Despite the millions Renaissance Professionals spent trying to nail Sanusi, you think they woulg not have dug up that if it truly happened? Why did Eghes wait for this long before revealing this if it was true? Eghes only worked from answer to question.

As for SLS calling him, yes he did. He called him and told him he will sue him for libel. Eghes is not SLS friend, but his friends like the newspaper columnist I mentioned are, so it is easy for SLS to hear about what he wrote and call him.

If anybody believes Sanusi radicalized Faruk Muttallab or that he would support religious violence, go and read the following article of SLS

The Adulteress Diary 2001
In defence of father Martin Kukah, 2005
Muslim leaders and the myth of marginalization, 1999
Milk of Kindness: An intellectual engagement with the intellectually challenged 2005

The ironic thing is that while you people see SLS as an Islamic extremist, his people see him as one too-liberal lover of Christians and anti-Islam alongside the likes of Sheu Sani for defending the Christians in his articles, especially at the height of his engagement with Sheikh Jafaar in 2005, when he was almost stoned in Kano.

People can spread misinformation in the land but some of us that have taken our time to research will not stop setting things straight.

Eghes is a propagandist and a known hater of SLS. I wrote this rejoinder to that article

EGHES EYIEYEN: THE LIMITS OF PSEUDO-INTELLECTION
The interconnectedness that trailed the advent and subsequent popularization of internet in Nigeria changed the face of public commentary in the largest black nation. In days of yore, before a piece of writing made its way to public space through newspaper, the only available medium then, the editors subjected it to thorough professional scrutiny. In the same vein, feedbacks to an opinion, if it came at all, took so long that they may be inherently discouraging to start. Some of us were not born then, but even if we discard our readings in journalistic history, it is all too obvious that this was the case in the formative years of public commentary in Nigeria.  Sometimes I imagine how the Anthony Enahoros, Babatunde Joses, Alade Odunewus, Segun Osobas, Felix Adenaikes, and other newspapermen of old went about their trade, when there was no email or short message service.

But today, thanks to the internet and its newest baby, named New Media, anybody can write just anything, formally or informally, and make it available for public consumption. Reactions can also begin to flood in immediately. Bad as things have gone, the editors still do their work of trashing some of those ill-written articles in editorial bin, but with no such censorship in the blogosphere(made up of blogging sites, news sites, facebook, twitter, etc), it has become the platform for venting such malicious write-ups by Nigeria’s legion of pseudo-intellectuals who hide under the garb of public affairs commentary to spread hate and division in the land.

One of such articles was that written by Mr Eghes Eyieyen, an Accountant, consultant and self-styled ‘apostle in the market place’, titled “Mallam Sanusi Lamido Sanusi, Boko Haram and Religious Extremism” which I bumped into in my regular surfing activities on the internet. I am very sure the article would not have passed the publishability test of any credible newspaper, if not for anything, for the glaring falsehood that dots every line in it, but the article is currently available in his blog (www.eghes..com) and lifted by other similar blogs.

As a declaration, the writer of that article is not an unknown person to me. I first came across him and his activities in the cyberspace mid last year via a conversation on the Facebook wall of a popular columnist with a leading Nigerian Business daily, who I so much respect, although such respect has waned in recent time on the knowledge, via his comments on facebook and other informal media, of his closet bigotry. Not being the one to keep quiet in the face of evidently misleading and bigoted comments, I have had a number of hot exchanges with Eyieyen in the past on the Facebook wall of the columnist mutual-friend, most of which border on his penchant for attacking, at the drop of a hat, the personality of Mr Lamido Sanusi, governor of the Central Bank of Nigeria, the same thing he did in his latest hate-filled article, but this time around, taken too far.

The article started with a copious quoting of Mr Sanusi’s Financial Times interview, where he (Sanusi) attributed rising violence in the northern part of the country (as well as that of Niger Delta before it) to poverty and flaws in Revenue allocation yardsticks in the country, and ended with an allegation of complicity of Sanusi in the religious crises that rocked Kano in the early to mid-90s. If he had only restricted the article to a criticism of Sanusi’s comment on poverty-violence relationship, I would not have written this article, because I also believe that the CBN boss needed not say that, even if he was right, given the Boko Haram tension in the land. That poverty bears relationship with violence is banal. Even if there are exceptions like the Farouk Muttalab’s misguided act, what is well-known is that most of the poorest regions of the world are also violence-ridden. Dr AbdulSalam Ajetunmobi, a University of Portsmouth law teacher, wrote in his article in The Punch (February 3, 2012) that, “In truth, poverty can certainly fuel violence. For example, most countries that are struck by economic destitution often experience political violence. From Liberia and Sierra Leone to Angola and the Democratic Republic of Congo, there are plenty of examples to draw on the causal relationship between poverty and violence. To consider a different set of events, it would be hard to dismiss the argument that the outbursts of violence in the United Kingdom in August 2011 had nothing to do with the economic inequality and social deprivation faced by the youths living in London and other big cities.” Yet, I personally hold that, in the case of Boko Haram, poverty only fueled it by providing, for free, an army of illiterate, easily brainwashable youth, a misinterpretation of religious texts by the group’s founders cannot be wished away as a root cause. Also, Sanusi assumed, wrongly in my opinion, that if more funds are available for these northern government, it will trickle down to the downtrodden masses. History has shown that this will not happen because the governors will only have more money to divert to private coffers. On that score, I disagree with Mr Sanusi.

But the kernel of this article is Eyieyen’s other attributions to the CBN governor and his subsequent conclusions. Knowing Eyieyen, having followed his activities on Facebook for some time, his innuendoes were not surprising. Either due to complex or intellectual challenge, or both, he cannot make three postings on Facebook without bringing Sanusi to the matter, no matter how far off the issue on the table is, an observation equally shared by one Celestine Mel, another mutual friend of ours on the Zuckerberg’s invention. That he has a personal axe to grind with the CBN boss is all too predictable.

In his latest piece, Eghes brought to public notice that Mr Sanusi was once detained in Sokoto prison by General sani Abacha for complicity in a religious violence in Kano in the 90s. Therefore, Eghes concluded, Sanusi is a member of Boko Haram who should not only be relieved of his job but also tried. This is the weightiest of the series of strings Eyieyen and his co-travellers in their intellectual delusion have been pulling to bring down the CBN boss since the Islamic banking debate came up last year.

Being a public intellectual and an outspoken activist since his university days, Sanusi’s antecedents are all available in the public space.  Pray, since when did Abacha start detaining people for right reason? If a brush with Abacha is a criterion for criminalizing one, then every Nigerian activist, from Wole Soyinka to Gani Fawehinmi to even Femi Falana, that had brushes with Abacha and were detained for obviously trumped up charges are all criminals. In fact it has become fad in Nigeria today that the criterion for knowing true progressives is activities under Abacha and IBB. I will never be surprised if Sanusi had brushes with Abacha because all Nigerians that know his past know him to be a fearless progressive who never fails to tell truth to power and would have spoken against Abacha’s despotic regime. And knowing Abacha too that if he accused one of doing something, the opposite was the truth, the opposite of whatever charges he made against Sanusi would be the truth. It is also instructive at this juncture to remind the reader that Sanusi was part of the pro-democracy activists of the early 90s that risked their lives to speak against the continuous incarceration of Abiola and worked with the likes of Femi Falana and Wole Soyinka in various pro-democracy movements, including being a director in Radio Kudirat, the underground platform for fighting the tyrannical Abacha then. Such is Sanusi’s pedigree in progressive politics. It is therefore unfortunate that all manners of charlatans have come to the stage to soil the man’s name, which even Renaissance Professionals, with all the millions spent to dig up something incriminating against him, were not able to do.



Eghes Eyieyen’s problem with Sanusi, like that of many other critics (except few ones like Henry Boyo and Ijeoma Nwogwugwu, who sometimes disagree with him on purely economic facts and don’t go petty as to bringing religion and ethnicity into the matter), is the man’s identification with his religion and ethnicity. This he repeats in his article in question where he, pathetically, asks why Sanusi schooled in Sudan as if it was a crime to school in Sudan.

The problem with Eyieyen, who claims to be an apostle in the marketplace and once wrote on his Facebook wall that he wanted all Nigerians Muslims to become Christians, is that he is uncomfortable with Sanusi’s rising international profile. Like many of his ilks, he is yet to come to terms with a Sudan-schooled, gworo-chewing aboki man, as they condescendingly refer to them, having such superior intellect. In his worldview, it is a taboo for a northern Muslim, more so one that is active in his religion, to be at the helms of affairs. I have never seen any public figure in Nigeria being referred to as ‘too Christian’ but anybody with the slightest identification with Islam is seen as ‘dangerously too Islamic’. It is not a crime for a President Obasanjo to enroll for Theology in a university but it is a crime for a Sanusi, grandson of an emir and who has never hidden his ambition of becoming an emir in the future, to study Islamic studies. An Erastus Akingbola, that is an ordained pastor and mandated morning fellowshipping in his public limited liability bank, is a man of God and religious issue would never have come up if he was nominated as CBN boss at the peak of his career, but a Lamido Sanusi, whose knowledge of banking and economics is not in doubt, is an Islamic bigot. In what appears like a coordinated attempt to punish the CBN boss for also being an Islamic scholar, they have fabricated all forms of lies against, including claiming(pitiably, by the columnist friend too) that he re-introduced Arabic lettering in Nigerian currency. At the point where critics resort to lies and blackmail, they have obviously lost the plot.

Eghes, in that article, also called attention to Sanusi’s past articles on Gamji website, using that to label him a Muslim fundamentalist. The problem with these intellectual paperweights is that they select what suits them in Sanusi’s writings and twist it to achieve their premeditated conclusion. Pray, is it not the same Sanusi that fought to standstill Kano’s most revered Islamic preacher, late Sheikh Adam Jaafar(suspected to be killed by Boko Haram members in 2007) for what he called ‘Islamic demagoguery’? Is it not the same Sanusi that wrote articles like ‘The Adultress’ Diary’, ‘In defence of Father Martin Kukah’ and ‘Muslim leaders and the myth of marginalization’ where he carpeted not only religious leaders but also northern political leaders for hiding under Islam to pauperize the people? I challenge Eghes and other Sanusiphobes to read those articles and come back and tell me whether a Muslim bigot will write that.

A more classic example of Sanusi’s quote on religion and politics, excerpted from his article ‘Issues in restructuring Corporate Nigeria(1999)’ is reproduced thus:

“Very recently, the Katsina State Government tried to pass Bills banning the sale of alcohol and the operation of LovePeddler-houses in the metropolis. As a consequence of this move (and, it is said, failure of the House to approve the Bill), irate Muslim youth, shouting Allahu Akbar decided to burn not just beer parlours, hotels and whorehouses, but also Christian churches.

“Now, the Qur’an (Hajj. (ch. 22): 40) specifically forbids tearing down monasteries, churches, synagogues and mosques. Yet the leaders of Muslims have not come out strongly enough to condemn this violation of the rights of Christians, nor considered the implications of Christians in turn burning mosques in retaliation. It is also worthy of note, that christian morality does not approve of alcoholism and prostitution.

“A second example is the recent furore over Obasanjo’s appointment of northern Christians into his cabinet. I have elsewhere made my views on this known although several people have branded me, and others like Col. Umar, anti-Islamic or anti-north for not joining this hypocritical farce

“In failing to rise above bigotry and chauvinism, northern Muslims act against injunctions of their faith. The Qur’an expressly preaches freedom of religion [see, for example: Al-Baqarah (ch.2): 256; Yunus (ch.10): 108; Hud (ch.11): 121-122; Kahf(ch18):29;  andAl-Ghashiyah (ch.88) :21-24]

It is also pertinent for those who criticize us to recall that Allah specifically instructed that trust and leadership should be given only to those worthy of them and to judge between men with justice (Al-Nisa (ch.4): 58). Also, if anyone believes that false witness should be given for or against a man simply because he is a Muslim or Non-Muslim, he should read [Al-Nisa (ch4): 135; also 105and Al-Ma’idah ((ch.5): 6]. Finally for those who object to our inviting good muslims and good christians to come together and give the poor people of this country the good government preached by both faiths, please read [Al-Imran (ch3): 64] which provides a basis for coming together on common ground.”

There are tons of  other anti-religious violence comments of Sanusi in the last two decades on the internet which are readily available for any objective researcher on the man, but to the rabid critics, writing on religion and ethnicity, in the first place, is a crime for Sanusi, but in their own blogs and columns they not only write freely on religion and ethnicity, but also project their faiths.

I can go on and on on Eyieyen and the illogic of his campaign against the CBN boss but there is no point rehashing the obvious. This is actually not the first time I can’t stand Eyieyen’s hogwash of article. On two occasions I put off the temptation to reply him, the latest being his article in Thisday newspaper(January 24, 2012) where in a bid to defend the indefensible, he only succeeded in dancing macabre dance. Being one of the preachers of the ridiculous ‘luck theory’ that sentimentally ushered in a Jonathan presidency, he has been struggling in recent time to justify his theory that is being shred into pieces with every action of his incompetent messiah. I called off that article because it will inevitably lead to open disagreement with Mr Atedo Peterside, a man I respect so much for his integrity and unblemished corporate governance credentials and almost unarguably the man that redefined investment banking in Nigeria. Even if I have been disagreeing with Mr Peterside on Jonathan presidency, I have no doubt in my mind that he doesn’t deserve an open criticism from me, not just because he is a benefactor, but also because he doesn’t play the tribal and religious cards the likes of Eghes revel in. Unknown to Eghes, the Islamic banking he has been shouting hoarse about in the last few months is the only issue Mr Peterside, whom he sought to defend in his diatribe against Segun Adeniyi, agrees with me, including, at the risk of committing ‘name-dropping’ as Eghes would have us believe for anybody that claims contact with a more accomplished personality, getting his (Peterside’s) commendation on my article on Islamic banking (Guardian, July 27, 2011).

To deceive the many ill-informed readers, this crop of pedestrian intellectuals who dominate the blogosphere have always resorted to flaunting their credentials when they run out of logic. I am an FCA, I am an ex-this or that, I know x person from Adam etc, all in order to validate their obviously warped write-ups.

I sincerely hope that this intervention will make Eghes Eyieyen think twice before releasing his hate-filled and divisive pieces in the future. Even in the face of pervasive ignorance in the Nigerian cyberspace, some of us still discern pseudo-intellection when we see one.

Must be removed? Is that a command?

The poster quoted the source and that is enough. We owe no one any duty to investigate since we are a discussion forum, not a news site. So go meet Naija films from we lifted the news.

Thanks

Moderator

Dear Dr Yinka,

We got your message, reporting this thread. We however cannot remove the thread because the poster posted the link/source of his story.

Thank you

Jarus
Mod

SNCOQ3:
I have to differ. The suicide bombers responsible for 9.11 were guys whose stomachs were full. This is how Newsweek Oct. 15, 2001 described them:

"What make Al Qaeda killers seem especially menacing is their apparent normalcy and independence. Most of the Black Tuesday hijackers were not like the Palestinian suicide bombers, poor loosers brainwashed and bribed to strap on a bomb and take a one-way bus ride to Allah. The half-dozen leaders were educated and middle class."

that, like that of Faruk Mutallab, are exceptions. but I still hold, that poverty is secondary cause though.

Interesting hoiw people are concurring with this theory when it was said by Clinton, but when SLS said same few weeks, same people called him name.

My own take is this: The root cause of Boko Haram is misinterpretation of religious texts by a few religious extremists, but poverty fueled it by provided an army of illiterate, easily brainwashable, vulnerable youth.

SLS blames it on poverty, and you call him a religious/ethnic bigot; Clinton says same, you call him senile. Poverty-violence relationship is almost unimpeachable. The poorest countries/regions in the world(Somalia, Congo, etc) are the most violence-ridden.

My problem with that SLS statement is the time, not the statement itself, and a wrong assumption that making more funds available for the violence-ridden region will eliminate poverty, where histiry shows that more allocation=more money into governors private coffers.

If you want to disagree with these people(SLS, Clinton etc), intellectualize it, compare facts, not imputing motive to their view.

SLS said same thing and roof is being brought down.

I used GT online portal yesterday. Although I first experinced a little hiccup, redirecting, the site eventually opened after couple of trials and I did my transaction validly.

pcicero:
@jarus
I admire your consistency. I agree I have not done much research on Sanusi but the 'guy dey fall my hand sometimes'.
I really detest playing the ethno-religious card but sometimes you get confused at the level of hypocrises of the people we put in the position of leadership and trust.
I was with Deloitte when Soludo carried out his bank consolidation policy in 2005, and I saw so many things that went wrong.
I knew particularly that some banks were privy to some information before the announcement was made public.

Most people will recall that the likes of Zenith and STB(UBA) were among the first banks to do their offers. In fact I think one of them did before and after the announcement. Moreso, while other banks seem to have been caught unaware, Tony Elumelu (MD, STB) was beside Soludo when he made the announcement (in June 2004) and he even said the policy was in the right direction.

I have nothing to say about the correctness or otherwise of that decision, but it clearly showed that some people benefited from certain privileges.

Knowing you here since 2009, you are one of the few people that I know criticize objectively. Mbulela, CyberG and few others also rise above ethno-religious sentiments in their criticisms.

As an ex-Ife parliamentarian yourself, I know your intellectual worth, which you have not betrayed here since I know you.

Your criticism of SLS is very genuine. I am an ardent defender of SLS, and consistently since 2009 on NL here, but I have never hesitated to say it whe he errs. I have pointed out at least three major goofs of SLS on NL since 2009, notably; publishing in a hurry without proper check the list of bank debtors(2009); saying that arrested bank CEOs should be shot(2012) and this one(giving money to Kano victims). I'm not one that blindly follows someone, especially since nobody pays me for it, but a strong defence out of personal conviction and duty to enlighten people, and probably disabuse people's minds.

I respect critics too, but not those that do so ignorantly or out of ethno-religious bias.
I believe our leaders need checking to prevent dictatorial tendency. That's why I respect facts-based criticisms.


On this occasion, I have said time and again that SLS goofed. In fact, when I first read that story, I sent an instant sms to a close person to SLS thus: "Morning xxxx, just reading in The Nation now that Sanusi's CBN donated 100m to Kano SG for teh victims if BH mayhem in teh state. Your friend is inviting another media backlash o. Why only Kano? What of Madalla and other church bombings? is CBN meant to be involved in all these in the first place? I hope this is not true o" later in teh evening, that fellow called me(after speaking with SLS) and we spoke for 2 hours on this subject, and the conclusion of both of us was that: no precedent for it and it is poor judgment.

Shortly after, I received another BB message from Simon Kolawole, Thisday editor, aksing what I have to say about SLS' action(he knows me as SLS' staunch defender) who was also alarmed. I just replied him straight away: "Egbon, I tire o. This is indefensible o".

I revealed this much to show that I am never a blind follower of anybody.

Dude, stop clinging to Jarus' name to make a name for yourself and add to your CV. I don't deal with intellectual featherweights and wannabe commentators!

LOL.

Did I endorse the actions? No.

Was this decision taken by Sanusi alone? As you can see, no.

Is it a right decision? Whether by SLS or CBN board, no.

Should SLS take the whole blame? Maybe, because he takes credit for the good actions of CBN in the past.

Does the public deserve to hear the CBN's side too? Yes, whether correct or not,  hence bringing this article here.

That's the summary of my stand.

Kizilala:
Nawa for all this your propaganda for sanusi.Does he pay you?

LOL
Bros, not propaganda sir. Just bringing to notice facts, so you wont be misinformed or at least have balanced info.

midpoint:
@Jarus i respect your right to hold your opinions but the impression you make on me from reading your responses above is that you are a proud person. Please correct me if i am wrong.

No, you are not wrong!

CBN and CSR in focus
CBN’s recent donations have elicited some reactions within the context of the current and divisive conversations Nigeria is currently having.

Proshare is running a poll/survey on the subject here.

In order to properly contextualise the actions of the CBN in donating to the Kano Bomb disaster – a significant development that impacted the sovereign; we present herewith some data on the institution’s CSR engagements to date and how it views its intermediation role through CSR engagements that impact on its outlook of the economy and financial markets.

The Nigerian University Capacity Building Programme

Since the late 1990s, the CBN has expanded its involvement in community based activities beyond sporting development to include other areas of community development. In response to the general concern about the decaying infrastructure in the first generation universities, the Bank attempted to provide/improve key infrastructure under the Nigerian Universities Capacity Building Programme. Following the success of the pilot scheme, the programme has since been extended to include second generation universities. The projects carried out under this capacity building programme include the construction of administrative blocks, lecture halls, laboratories, health centres, and provision of IT and V-sat equipment.



Capacity Building for Governmental And Professional Institutions

The CBN has also extended assistance to other governmental bodies/agencies in its community development efforts. Some of the institutions which have so far benefited under this scheme include the following:

1. National Assembly
To aid the development of sound legislative process, the CBN between 2003-2005, contributed the sum of N50m to build legislative capacity in the National Assembly through Senate Committee on Banking, Finance, and other Financial Institutions and House Committee on Banking and Currency. Also, the CBN sponsored the workshop of the House Committee on Capital Markets with the sum of N2.8m. The Bank also donated the sum of N500,000.00 to the House Committee on Housing & Urban Development.

2. Economic and Financial Crime Commission (EFCC)
To ensure that financial and economic crimes are reduced to the barest minimum in the country, the CBN in its support for “war against economic and financial crimes” donated the sum of N60.5m to EFCC for the purchase of Office furniture and IT equipment in 2003 while the sum of N2m was donated to the Agency for organising the National Seminar on Economic Crimes in 2005. Also the Management of the Bank sponsored 3 members of staff of the Economic and Financial Commission to attend a specialist program on Counter Fraud and Counter Corruption which held in the month of March 2007 in Reading, United Kingdom. The course was run by the Counter Fraud Service of the National Health Service, United Kingdom. It enabled them to acquire skills in intelligence gathering, investigation, fraud analysis, cyber crime, exhibit handling, witness and suspect interviews, statement writing, prosecution and media skills.

3. Investment and Securities Tribunal (IST)
The CBN contributed the sum of N10m to assist the Investment and Securities Tribunal (IST) in the discharge of its duties.

4. Financial Institutions Training Centre (FITC)
In order to enable the FITC achieve its objective of training employees of various Financial Institutions in the country, the CBN gives annual subvention to the FITC. Consequently, the CBN gave the sum of N20.5m to the FITC in 2006.

5. Seminar for Finance Correspondents and Business Editors
The 2010 seminar for Finance Correspondents and Business Editors which is the 15th in the series was held at Constantial Hotel and Suites, Benin City, Edo State from 27th to 30th, 2010 with the theme “The Blueprint for Banking Reforms in Nigeria: Issues, Challenges and Prospects.” The following topics were covered: Overview of the four pillars of Banking reforms; Reforming the Nigerian Banking Sector: Some emerging issues; Banking Reforms for Effective Monetary Policy Transmission; Rebuilding Confidence in the Nigerian Banks: the challenge of good corporate governance and professionalism: The Role of the Central Bank of Nigeria in Ensuring Sound, Safe and Reliable Banking Sector; The Nigerian Financial Crises: Lessons, Prospects and the way forward; The Role of the Media as a catalyst and Agent of Promoting Development in the Financial System. It will be recalled that the Finance Correspondents and Business Editors Seminar was initiated in 1996 to foster a closer relationship between the Bank and the Media. It is also a platform used to facilitate better education and enlightenment of the public through capacity building of Finance Correspondents and Business Editors.

6. Professional Institutions
The CBN gives assistance to professional bodies such as the Nigeria Economic Society (NES), Chartered Institute of Bankers of Nigeria (CIBN), Institute of Chartered Accountants of Nigeria (ICAN), the Nigeria Bar Association (NBA), amongst others, to enable them be effective and efficient in service delivery. The Bank also sponsors its employees who are members of these professional associations to the Annual General Meetings of these bodies. A good number of CBN staff are members of these professional bodies.


Sports Development

To assist in the promotion and development of sporting activities in Nigeria, the CBN has been sponsoring various sporting events. These include Lawn Tennis, Golf Tournament and All Financial Institutions Football Competition.

Lawn Tennis
The 32nd edition of the Senior Open Tennis Championship was held from 27th May to 5th June, 2010 at the National Stadium, Suru-Lere, Lagos.
       
Since 1978, the CBN has consistently sponsored the lawn tennis tournament which has become the stepping stone for the success of the game of tennis in Nigeria. Notable tennis stars like David Imonite, Sunday Maku and Shehu Lawal, etc had featured and won trophies in the various editions of the tournament. The Bank in 2007, introduced the CBN Junior Tennis Championship to ensure that new stars are discovered and developed early enough. The championship which serves as a feeder to the senior category is open to boys and girls of 10, 12, 14 and 16 years of age. The 4th edition of the junior championship was held at the Lagos lawn Tennis Club, Race Course, Lagos from 22nd to 28th February, 2010 and the winners (boys and girls of age 16 category) participated in the Senior Open Championship held from 27th May to 5th June, 2010. It is worthy to note that in recognition of the contributions made by the Bank towards the development of sports in the country, the Champion Newspaper Ltd awarded CBN the “Sporting Corporate Sponsor of the Year 2007 (Tennis)” The award according to the Newspaper was in recognition of CBN’s commitment to the development of sports, particularly the game of Tennis.

CBN Governor's Golf Cup
In continuation of its commitment to the development of sports the Bank in 2007 sponsored the maiden edition of the CBN Governor’s Golf Cup Tournament at the IBB International Golf & Country Club, Maitama, Abuja from 2nd to 4th November, 2007. The objective of the tournament is to create a relaxed and recreational setting for executives in public and private enterprises as well as corporate bodies to interact. This is in addition to the socio-economic benefits in terms of friendship and business opportunities derivable from the game. The 4th edition of the tournament took place at the IBB International Golf & Country Club, Maitama, from 19th to 21st November, 2010.


All Financial Institutions Football Competition

The final of 2010 edition was played at the Aper Aku Stadium, Markurdi, Benue State on 27th November, 2010 with Union Bank FC emerging winners. The team defeated Unity Bank FC 1 – 0 to lift the trophy. The CBN in conjunction with Nigeria Football Federation (NFF) sponsors this competition to foster closer and good relationship among staff of banks, insurance companies, Security and Exchange Commission and other financial institutions. The competition has been on since 1979, when the maiden tournament was held to mark the 20th anniversary of CBN. It is worthy to note that football stars like Henry Nwosu, Stephen Keshi, Monday Odiaka, Kanu Nwankwo, etc had featured in the competition.


Other CBN Aid Programmes

Library Services

The Bank has standard library at its Headquarters, Lagos and all branches where current editions of books, journals and other publications of various fields of study can be accessed. These Libraries are open to the general public. Research students from various institutions of higher learning always use the libraries for their projects among others.

Economic & Financial Data Management And Dissemination

The CBN has a database for the economic and financial reports which enables it to carry out one of its mandate as adviser to the Government. In addition, information are disseminated to the public by way of publication of CBN Annual Report, Economic and Financial Review, Half Year Report, Statistical Bulletin, CBN Briefs and Occasional Papers on topical issues (eg Consolidation of Nigeria’s banking Industry)

Other Financial Aid

The Bank is also involved in several other community development initiatives across the country. These include:

1.    Construction of a clinic at Yangoji Lepers Village in the FCT at the cost of N3.132m. The project is being sponsored from the alms collection scheme instituted by staff of the Bank.
2.    The Bank in 2002 built two Police Posts for the Nigerian Police Force at Satellite Town, Lagos at the cost over N18 million.
3.    The sum of N6m was donated to FCT in 2006 for Advocacy and Publicity of FCT Reforms.
4.    N4m was donated to Anti Fraud Foundation of Nigeria in 2004
5.    N2m was donated to Child Care Trust in 2004
6.    N1.8m was donated to Farm Management Association of Nigeria
7.    Rehabilitation of borehole project at the Church of Christ in Nigeria (COCIN) Hospital and Rehabilitation Centre, Mangu, Jos, at the cost of NN460,000.00 and commissioned in May, 2006
http://www.proshareng.com/news/16286

The Central Bank of Nigeria on Tuesday explained why it donated N100m to victims of Boko Haram bomb blasts in Kano, saying the move was within the purview of its Corporate Social Responsibility.
The explanation was in reaction to criticisms that had followed the donation since Friday when the apex bank boss, Mr. Lamido Sanusi, gave out the amount.
Civil society groups had on Sunday slammed the CBN governor, wondering why he did not make similar donations to bomb blast victims in Borno, Yobe, Plateau and Adamawa states.
While some of them urged the National Assembly to invite the governor for questioning, others argued that the donation contravened the provisions of the CBN Act.
But reacting to the criticisms, a board member of the CBN, Prof. Sam Olofin, said the donation was in line with the apex bank’s mandate.
He said the donation was not made because Sanusi was from Kano State, adding that the huge damage caused by the bomb blasts prompted the apex bank to make the donation.
Olofin said that the management of the apex bank had last Friday decided to visit Kano and Madala, Niger State, to make donations to victims of the Christmas day bomb blast there.
Unfortunately, the CBN board member disclosed that the Parish Priest of the St. Theresa Catholic Church, Madala, Rev. Fr. Isaac Achi, was not available when the team decided to visit the church to make the donation.
He said since the parish priest was not available, the governor decided to lead the delegation to the palace of the Emir of Kano to make donations to the victims in the state.
Olofin, however, hinted that the donation to the victims of the bomb blast in Madala would be made on Monday.
“The CBN intervention in Kano is very much within the scope of what the board had approved for the management. We did not go out of the mandate of the bank,” he said.
Quoting from the CBN Act, he said, “The Act in functions of management said that the governor, or in his absence, the deputy governor nominated by him shall be in charge of the day-to-day management of the bank and shall be accountable to the board for his acts and decisions.”
Olofin added, “So, there is no single action that the governor takes to which he is not accountable to the board or does not entail clearance from the board.
“Like what happened in Kano, the board is aware that the provision they made was for two donations, one in Madala and the other in Kano. They were to visit Madala first, but the priest was not available because he had travelled and that is why they went straight to Kano.”
“So, at the moment, they are trying to arrange to ensure that when the governor is available, the priest in charge of the church in Madala will also be available and some members of the board are aware that this has been rescheduled for Monday and they will go to Madala to make the donation.”
http://www.proshareng.com/news/16310

cold:
Jarus,we all know how you feel about Sanusi & would do anything to protect his image.I have also shown my respect for the man on other occasions but this line you're trying to sell here about approaching Churches first is just a feeble attempt save face.We all know that's a blatant,barefaced lie.Why didn't the churches in question come out in defense of Sanusi when the story broke?

But that doesn't mean I should not state what I heard. From sources to the CBN boss, I heard that he said he approached the Church-victims at the same time but they said they said they needed to get approval from their top hierachy first hierachy first, whioch caused the gap. I heard this 2 days ago, even before this donation was made. The source is very trusted(a top CEO that speaks directly with SLS) so it's not about clearing the mess. And in a country where every group(ethnic and religious) is always happy to score points, you think they will come up and admit they were also contacted earlier?

Again, I did not state that to justify CBN's actions. To me, it is a poor judgment. Whether Kano or Suleja or anywhere, this is a bad judgment from SLS. I can never defend this.

But if we want to intellectualize the debate, we must not forget that CBN has right to engage in CSR activities and weak as this argument is, it has some merit. I will post one aryicle and news story below  below

KnowAll:
@jarus

u would definately get a P.A. Job if SLS holds a political post in future. Keep up the good work, at least we all want to be like Beaf!!

I can't be SLS' PA. All my views about him are strictly personal and on a number of occasions I have had to point out his errors in public, including on newspaper pages.

I can't be anyone's PA. I'm a trained accountant, fully employed in a leading O&G company by God's grace.

Public affairs commentary is a vocation I enjoy and far from my daily source of livelihood. I enjoy contributing to issue, but not blindly.
For my bluntness, I have paid my due of course, including facing SSS, getting extension of service year, clashing with state governor, meeting commissioners etc all because of what I wrote in papers.

As for SLS, I have never failed to state why I self-appointed myself hid defender. I actually first came across his name in 2008 immediately after his announcement as FBN MD to replace Moyo, but I didnt take much interest in him then. When his name came up as contenders for CBN top job ealry 2009, I was curious to know who this guy was. That prompted me to do research on him and I extracted more than 30 of his articles, counter-article, rejoinders to his articles etc from the net, downloaded into my system and spent my whole weekend reading it - morning till late midnight! I was impressed. Who is this guy? How coem I didnt know him before now? I quickly did an article which I titled 'The Sanusi Lamido I didn't know' (you may google it) and it was published in Thisday, New Nigeria, Leadership and other newspapers then. That was May/June 2009. From what I read from this man's writings, I was so convinced about him as not only brilliant and wide-read but also blunt and a man of integrity. When the northern agenda thing came up, I was so annoyed that, no this man cannot one with ulterior agenda. Since then I took it upon myself to defend him, while, of course, not ignoring areas I felt he erred. Since then(2009-2012), I have written and published in newspapers more than 20 articles on SLS from Guardian to Thisday to Daily Trust to Sun, just name that Nigerian newspaper. And of course, on NL here you all know as an avowed SLS defender. All these are based on my natural convictions about this man I believe so much in as sincere about Nigeria, and never for personal gains. Having read my articles in papers from time to time, we eventually got in touch last year.
But that has never stopped me from pointing out areas I feel he erred. In fact, that article I quoted in my last post got to him and you can see there that I disagreed with him on poverty-Boko Haram comment.

So, you can see it's a long history. Before I can defend someone with passion, I must have been seriously convinced about him. That is why I don't take lightly when some start-ups and wannabe activists and cash-and-carry commentators try to rubbish a reputation built over years.

SLS is my role model and I'm proud of him. Can he err? Yes. Is he a bad role model? Absolutely no. Did he get the donation right? No, to me. Does he have a hidden agenda? No. Is he sincere? Absolutely yes.

Are you, Bilms aka experts, an attention seeker? Yes, here and on FB. I have learnt to ignore you, after I turned down your attempt to draft me into one phony Kwara group? Only on two occasions, when I found your comments nauseating, that I replied you. On hindsight, I realized I hit you too much, and I sent apologies to you on FB, where I expressly stated that my apologies is not to overturn my earlier claim that you're inconsistent, but because I hit you too hard.

Me, a hustler? LMAO. Look, I am not hustling to get close to Sanusi, I am close to him already and he knows me by first name. I have SLS number on my phone here and I communicate with him from time to time, at least for over 6 months now and my name even preceded me. In fact, when we eventually got in touch, he confessed to have been reading my articles in newspapers for a long time. So count me out of hustling. It is people like you that hustle; that's why I said you are only seeking attention. With over 10 years experience in public affairs commentary and more than 100 well-researched articles in Nigerian newspapers, I have made a name for myself in public commentary in this country at just age 29!. I can communicate directly with SLS and I do that from time to time; but sometimes, I speak with other respected, informed commentators(from newspaper editors to top household analysts) in the country, especially when I know SLS will be busy. So don't go there, dude!

I await your article, which, given my knowledge of your intellectual limits, I expect to be amatuer and not worth my response, but if I consider it, I will do a rebuttal tearing it to shreds, like I did to this fellow, who by all standards, is not your mate: http://www.nigeriavillagesquare.com/guest-articles/eghes-eyieyen-the-limits-of-pseudo-intellection.html

I have it on reliable authority that SLS actually contacted the Churches too for the relief funds(at the smae time with the Kano donation) but they said they needed to get approval from their national body first before collecting. They didnt get back to CBN but the Kano never hesitated to take its own; hence the earlier news.

However, this is no justification for this. I personally hold that Sanusi is not justified doing this.

Payment confirmed for the ffg:

-Mpkakala
-Ade**** S***** Oluwa****

God bless

hercules07:
@Jarus

I disagree with you, he has not goofed anything, as long as it is legal for him to do, he has done the right thing, worst case scenario they tell him to resign or he resigns by himself, look when in your heart of heart you have done something for the good of all, you should damn the consequence and go ahead. The CBN has been giving money to us down south nobody said anything, now that he gave something to his state they are making noise, meanwhile this gift is to the very poor, the victims. The CBN policy on movement of cash and cash processing centers is favoring a Delta man who has already has infrastructure on ground, nobody is saying anything about that.
You should not out of fear of a backlash refuse to do what is right, the greatest problem that GEJ has is that he is too afraid of what people will say, especially those he is beholden to.

No, even if he has legal basis to do it, it is poor jugment in my opinion. That's why I call it goof.

CBN engages in CSR activities from time to time, but however we look at it, this is open to questionable motive.

Look, like I mentioned in my earlier post, I had a lengthy discussion with a topshot in the industry yesterday who is close to SLS and he said he had engaged SLS on it, and SLS insisted he had not contravened any law. But this senior friend also believes it is a bad judgment.

That said, SLS still remains a role model to me, a good one; and no matter what any attention-seeking mediocre says or posts on NL or FB. Reading public mood and wanting to cling on it to seek relevance is some people's forte. And from my observations, this poster si one of them.

The SLS I know in private is an embodiment of sincerity and willingness to change thsi country for good. The CEO friend also mentioned one of his encounters with SLS. He said he was the advisor to one of teh foreign firms that wanted to buy one of the rescued banks(not sure, but I think Oceanic), but when he aproached SLS, SLS told him frankly: "look, this firm will nto buy this firm. they went to Vice President to try to influence me. No, this is what brought us to this messy situation in the first place. No such thing should be tolerated again" that is vintage SLS. I have also had a personal experience with him that also validated his integrity. So, when I say SLS is my role model I know what I'm talking about.

bilms:
@Jarus, this is the second time you have accused me wrongly,but i would always be here to put it straight. First, i am the writer of the post, but i didn't post it here,i did on so many face book pages. my closest friend expert which you confused for me did,because we some times use each others log in id.

you first abused my person because i posted a view on Buhari, you labeled me all sort even by saying i once invited you to a group you refused to name which i later did. i asked you to prove your accusation or apologize but you didnt, i asked you three times or prove your allegation but you didn't which to me is irresponsibility.

After some months, you quietly sent me a face book inbox message and apologized for what you did on nairaland, an open place which i accepted anyway, you did raise a issue which i answered and ask you to always ask question when you have doubt about anything i say.


Now,you are back again,meaning your secretly letter of apology to me was not sincerely written,just to show you are wrong for your attack without bases.


I shall respond to your accusation on me, then would write a part 1 to 3 article about your adored model sanusi,explaining my position.


note: i have never been a crowed based follower,my face book friends and followers may testify to that.

I am not a ribadu supporter, would not be if he continues to be insincere, in fact,i have just finish writing the secrete deals between ACN and PDP for last presidency and how they finished Buhari,

I didn't follow Gej in last election,neither did i support Ribadu,i am an advocate for Buhari and i did till the last day.
but remember what i said then, i do not follow anyone, i only support you if i consider your action as good and would against you if i consider it not good. that is my position on Buhari, History has positioned buhari to be a honest and sincere man, but recent actions proved otherwise, how then would i support a candidate i can no longer trust his words? Not me,never, besides,i consider him old enough to retire and pave way for younger generation, just my opinion.

For you to understand me better,

I supported gbenga Olawepo for last kwara election, he his the candidate of DPP not the popular candidate. We have PDP,the ruling party with the loudest crowd and funds, i didn support pdp because of the crowd did,we have ACN, i didn support him because the crowd, we have ACPN the party of Gbemi saraki, i didn support it, We have CPC, i did support it because i supported Buhari, i supported DPP because i believe in the candidate not the crowd.

For Kwara senate, i supported Bilkisu gambari, A cpc candidate against the sitting governor of PDP bukola saraki, i didnt support acn and acpn, i supported a candidate not the crowd.


I just make this clear contrary to your position,


I have never supported Gej for president, but i congratulated him for winning, he his the president. and i have a duty to always support a government to do well for the people, if the government is not working, the people suffers. as a responsible citizen,i should support the government in anyway i can to make sure the people live well. when the govt make good decision, i applaud it and when they made bad one, i condemned it, That's me for you,

i condemned Gej because of a perceived bad policy or decision and applaud him based on a good move,

Rantings of an emergency 'activist' that stands for nothing, and will fall for anything. I'm sorry I don't engage paperweights.

It was people like you that controverted the Islamic banking debate. I have been reading about Islamic banking in Nigeria since at least 2006. Soludo sent his deputy, Tunde Lemo, to Malaysia to go study Islamic banking, as far back as 2008, no noise; but now SLS came on board and just continued and eyebrows were raised in what was never an issue before it and you all put him on the defensive, forcing him to explain it at every platform(which you now call vigour).

Sanusi never started Islamic banking; in fact the first guideline on it was issued by Soludo. So get that into your skull.

^^
On this occasion, I agree SLS is wrong.

But if you're still having paranoia over Islamic Baking as an emerging banking model the world over, then maybe this article from the Economist may heal you.
http://www.economist.com/node/3084278

Only an ignorant person will fault SLS on Islamic banking.

CBN’s recent donations have elicited some reactions within the context of the current and divisive conversations Nigeria is currently having.
 
Proshare is running a poll/survey on the subject here.
 
In order to properly contextualise the actions of the CBN in donating to the Kano Bomb disaster – a significant development that impacted the sovereign; we present herewith some data on the institution’s CSR engagements to date and how it views its intermediation role through CSR engagements that impact on its outlook of the economy and financial markets.
 
The Nigerian University Capacity Building Programme
 
Since the late 1990s, the CBN has expanded its involvement in community based activities beyond sporting development to include other areas of community development. In response to the general concern about the decaying infrastructure in the first generation universities, the Bank attempted to provide/improve key infrastructure under the Nigerian Universities Capacity Building Programme. Following the success of the pilot scheme, the programme has since been extended to include second generation universities. The projects carried out under this capacity building programme include the construction of administrative blocks, lecture halls, laboratories, health centres, and provision of IT and V-sat equipment.
 
 
 
Capacity Building for Governmental And Professional Institutions
 
The CBN has also extended assistance to other governmental bodies/agencies in its community development efforts. Some of the institutions which have so far benefited under this scheme include the following:
 
1. National Assembly
To aid the development of sound legislative process, the CBN between 2003-2005, contributed the sum of N50m to build legislative capacity in the National Assembly through Senate Committee on Banking, Finance, and other Financial Institutions and House Committee on Banking and Currency. Also, the CBN sponsored the workshop of the House Committee on Capital Markets with the sum of N2.8m. The Bank also donated the sum of N500,000.00 to the House Committee on Housing & Urban Development.
 
2. Economic and Financial Crime Commission (EFCC)
To ensure that financial and economic crimes are reduced to the barest minimum in the country, the CBN in its support for “war against economic and financial crimes” donated the sum of N60.5m to EFCC for the purchase of Office furniture and IT equipment in 2003 while the sum of N2m was donated to the Agency for organising the National Seminar on Economic Crimes in 2005. Also the Management of the Bank sponsored 3 members of staff of the Economic and Financial Commission to attend a specialist program on Counter Fraud and Counter Corruption which held in the month of March 2007 in Reading, United Kingdom. The course was run by the Counter Fraud Service of the National Health Service, United Kingdom. It enabled them to acquire skills in intelligence gathering, investigation, fraud analysis, cyber crime, exhibit handling, witness and suspect interviews, statement writing, prosecution and media skills.
 
3. Investment and Securities Tribunal (IST)
The CBN contributed the sum of N10m to assist the Investment and Securities Tribunal (IST) in the discharge of its duties.
 
4. Financial Institutions Training Centre (FITC)
In order to enable the FITC achieve its objective of training employees of various Financial Institutions in the country, the CBN gives annual subvention to the FITC. Consequently, the CBN gave the sum of N20.5m to the FITC in 2006.
 
5. Seminar for Finance Correspondents and Business Editors
The 2010 seminar for Finance Correspondents and Business Editors which is the 15th in the series was held at Constantial Hotel and Suites, Benin City, Edo State from 27th to 30th, 2010 with the theme “The Blueprint for Banking Reforms in Nigeria: Issues, Challenges and Prospects.” The following topics were covered: Overview of the four pillars of Banking reforms; Reforming the Nigerian Banking Sector: Some emerging issues; Banking Reforms for Effective Monetary Policy Transmission; Rebuilding Confidence in the Nigerian Banks: the challenge of good corporate governance and professionalism: The Role of the Central Bank of Nigeria in Ensuring Sound, Safe and Reliable Banking Sector; The Nigerian Financial Crises: Lessons, Prospects and the way forward; The Role of the Media as a catalyst and Agent of Promoting Development in the Financial System. It will be recalled that the Finance Correspondents and Business Editors Seminar was initiated in 1996 to foster a closer relationship between the Bank and the Media. It is also a platform used to facilitate better education and enlightenment of the public through capacity building of Finance Correspondents and Business Editors.
 
6. Professional Institutions
The CBN gives assistance to professional bodies such as the Nigeria Economic Society (NES), Chartered Institute of Bankers of Nigeria (CIBN), Institute of Chartered Accountants of Nigeria (ICAN), the Nigeria Bar Association (NBA), amongst others, to enable them be effective and efficient in service delivery. The Bank also sponsors its employees who are members of these professional associations to the Annual General Meetings of these bodies. A good number of CBN staff are members of these professional bodies.
 
 
Sports Development
 
To assist in the promotion and development of sporting activities in Nigeria, the CBN has been sponsoring various sporting events. These include Lawn Tennis, Golf Tournament and All Financial Institutions Football Competition.
 
Lawn Tennis
The 32nd edition of the Senior Open Tennis Championship was held from 27th May to 5th June, 2010 at the National Stadium, Suru-Lere, Lagos.
       
Since 1978, the CBN has consistently sponsored the lawn tennis tournament which has become the stepping stone for the success of the game of tennis in Nigeria. Notable tennis stars like David Imonite, Sunday Maku and Shehu Lawal, etc had featured and won trophies in the various editions of the tournament. The Bank in 2007, introduced the CBN Junior Tennis Championship to ensure that new stars are discovered and developed early enough. The championship which serves as a feeder to the senior category is open to boys and girls of 10, 12, 14 and 16 years of age. The 4th edition of the junior championship was held at the Lagos lawn Tennis Club, Race Course, Lagos from 22nd to 28th February, 2010 and the winners (boys and girls of age 16 category) participated in the Senior Open Championship held from 27th May to 5th June, 2010. It is worthy to note that in recognition of the contributions made by the Bank towards the development of sports in the country, the Champion Newspaper Ltd awarded CBN the “Sporting Corporate Sponsor of the Year 2007 (Tennis)” The award according to the Newspaper was in recognition of CBN’s commitment to the development of sports, particularly the game of Tennis.
 
CBN Governor's Golf Cup
In continuation of its commitment to the development of sports the Bank in 2007 sponsored the maiden edition of the CBN Governor’s Golf Cup Tournament at the IBB International Golf & Country Club, Maitama, Abuja from 2nd to 4th November, 2007. The objective of the tournament is to create a relaxed and recreational setting for executives in public and private enterprises as well as corporate bodies to interact. This is in addition to the socio-economic benefits in terms of friendship and business opportunities derivable from the game. The 4th edition of the tournament took place at the IBB International Golf & Country Club, Maitama, from 19th to 21st November, 2010.
 
 
All Financial Institutions Football Competition
 
The final of 2010 edition was played at the Aper Aku Stadium, Markurdi, Benue State on 27th November, 2010 with Union Bank FC emerging winners. The team defeated Unity Bank FC 1 – 0 to lift the trophy. The CBN in conjunction with Nigeria Football Federation (NFF) sponsors this competition to foster closer and good relationship among staff of banks, insurance companies, Security and Exchange Commission and other financial institutions. The competition has been on since 1979, when the maiden tournament was held to mark the 20th anniversary of CBN. It is worthy to note that football stars like Henry Nwosu, Stephen Keshi, Monday Odiaka, Kanu Nwankwo, etc had featured in the competition.
 
 
Other CBN Aid Programmes
 
Library Services
 
The Bank has standard library at its Headquarters, Lagos and all branches where current editions of books, journals and other publications of various fields of study can be accessed. These Libraries are open to the general public. Research students from various institutions of higher learning always use the libraries for their projects among others.
 
Economic & Financial Data Management And Dissemination
 
The CBN has a database for the economic and financial reports which enables it to carry out one of its mandate as adviser to the Government. In addition, information are disseminated to the public by way of publication of CBN Annual Report, Economic and Financial Review, Half Year Report, Statistical Bulletin, CBN Briefs and Occasional Papers on topical issues (eg Consolidation of Nigeria’s banking Industry)
 
Other Financial Aid
 
The Bank is also involved in several other community development initiatives across the country. These include:
 
1.    Construction of a clinic at Yangoji Lepers Village in the FCT at the cost of N3.132m. The project is being sponsored from the alms collection scheme instituted by staff of the Bank.
2.    The Bank in 2002 built two Police Posts for the Nigerian Police Force at Satellite Town, Lagos at the cost over N18 million.
3.    The sum of N6m was donated to FCT in 2006 for Advocacy and Publicity of FCT Reforms.
4.    N4m was donated to Anti Fraud Foundation of Nigeria in 2004
5.    N2m was donated to Child Care Trust in 2004
6.    N1.8m was donated to Farm Management Association of Nigeria
7.    Rehabilitation of borehole project at the Church of Christ in Nigeria (COCIN) Hospital and Rehabilitation Centre, Mangu, Jos, at the cost of NN460,000.00 and commissioned in May, 2006