₦airaland Forum

chika98:
How come I never heard this fib?

How old are you? It's either you're so young, maybe born in 1998, from your username or you are a complete ajebo that didn't relate with children in the neighbourhood or did not attend public school.

naijababe:
I meant outside of the business arena, he often acts like a Arrow

Exactly my reservation about him.
In social circles, he behaves like agbaaya(apologies, just for want of nicer words)

@Topic,
I don't hate Nigeria

I have heard much about the beauty of the Ahmadu Bello University campus. I have heard much about the flowers. I have heard much about the sceneries. I have heard such debate as ABU being more beautiful than Ife.
So when I had the opportunity to visit the school a couple of months, my expectations were high. To my surprise, I was utterly disappointed. I thought I did not see the campus well, I was there again over the weekend on a private assignment.

To compare ABU with Ife in aesthetics is comparison abuse.
I finished from Ife and I dare say ABU campus is not half as beautiful as Ife. The structure are too old-school, the road network can't stand near Ife's, even the so-called flowers, Ife beats ABU hands down.

Like the Yoruba would say, eniti ko de oko baba elo mi rii lonso wipe oko baba ohun lotobiju(It is he who has not seen another man's farm that says his father's farm is the biggest). From what I saw, even Unilag is more beautiful than ABU.

In terms of size, of course, I cannot comment on that because I did not and cannot go round the campus, but I will rely on what I read on Wikipedia that ABU is the second largest University in Africa, so I will agree it is bigger than Ife, but to compare it with ABU in terms of aesthetics is an abuse of comparison.

ibrahim007:
Abuzola you need to open a thread and apologise to your brother in islam.Foolish ppl like osisi_foolish and david_nuinsance would take ,

Needless to say this.
Thread locked.

oyb:
^^^^^

Jarus kai - i swear u need to get a sense of humour

ibime is just joking

haba!

and here i was thinking i took everything too seriously

ok, lemme go and and dot the post with humorous emoticons

No2Atheism:
now i know who to mention whenever i get attack Alkinda Alqeida

ohun to ba wu elenu l'ole fenuso

Yeah. . . .he's a freelance journalist. . . . you might see him on thisdayonline every now and then. . . . his Nairaland username is Jarus

me ke? Me I no be journalist o. I just dey express personal opinions in newspapers

Barka Jum'ah. . . . tho coming late.
Prayed Jum'ah @ a mosque in Kano.

I disagree with the title of dat news article. They are not overdraft billionaires, especially Dangote & Otedola. They may not be as rich as we are made to know but what is certain is dat even after netting off their liabilities(debts) from their assets, their net worth is still in billions. They are multi-billionaires, at list in Naira. Sagamite has said it all, most of their money are tied up in assets, and they may not be that liquid. Secondly, even if they have the cash, why wud they use 20billion cash to finance a project when backs are begging them to come and take credit. Credit is normal in business.
Got more to contribute but limited by typing from fone

@ Aloy, I think Razaq is d richer, although i'm no fan of his.

just remembered it was davidylan dat threw dOse questions 2 me in my thread wia I claimed dat SLS wud av made top 3 contenders irrespective of region and I answered elaborately.

I will reply u too, probably later today as am browsing from fone now, can't type much.

. . . and Daily Trust also publishes:
http://www.weekly.dailytrust.com/index.php?option=com_content&view=article&id=1544:an-engagement-with-two-sanusis-critics&catid=1:comments&Itemid=109

@Adigun, I have answered responded to these questions in our past discussions on this issue on NL here, I don't have time to repeat myself again.

Meanwhile, Daily Trust has joined Sun in publishing this article:
http://www.weekly.dailytrust.com/index.php?option=com_content&view=article&id=1510:a-memorial-foundation-for-me-no-thank-you&catid=1:comments&Itemid=109

You are being affected by spambot for posting too long messages. Not something I can help on.

mbulela:
the thisday artlicle is locked (passworded).
is it any different from what you posted here?

One needs to register on ThisDay website to read past articles. It is only then that you can log in and read not only this, but other past articles on their website.
The ThisDay article was written and published in June, but the one posted here was written in September and published in Sun on Oct 14. They are different articles.

mbulela:
you wirte like Dele Momodu (that is not a compliment).

In other words, I'm a praise singer. Honestly, I'm not praise-singing SLS. I just can't stand the passion with which Sanusi critics go about spreading their unsubstantiable allegations.

mbulela:
I am in support of Sanusi's steps (although he needs to be more tactful in speech), however i am not a fan.
i am too distrustful of the entire Nigerian elite to be a fan of any.
you hero worship of Sanusi is a bit excessive.i doubt if you would be able to analyse his actions critically.

I admit I'm actually going excessive with the defence of Sanusi, but if you read newspapers or go through internet discussion forums or listen to his critics speak, you will pardon me.
I read a lot of articles in the newspapers on the whole issue and I find ridiculous the arguments brought forward by many critics. I passionately dislike when somebody is dismissed because of tribal affiliation. Even before the Sanusi issue came up, far back as 2007 on NL here, I have argued with so much fervour  on this issue of playing ethnic card in politics. That is why, even at my inconvenience, I have written so much on the Sanusi issue. Mind you, I'm not a blind supporter of SLS. I have criticized a couple of his actions too like the quick release of debtors list without taking time to verify its accuracy, his call, though figurative, that the CEOs should be shot etc

mbulela:
I also share the same respect for Atedo Peterside.the only Nigerian banker i respect.
yet i am not comfortable with his choice of words during that town hall meeting.

Welcome!

aysometin:
Celebrities not thieves and rogues abeg

I also wonder o. PDP thugs as celebrities?

Met Augustine Eguavon last week

I responded. But for some official reasons, I deleted the response few minutes later.
I realized that my response sounds like teaching a forumer how to beat the spambot, and that is against admin's rule for Mods.

I believe the ban you talked about was auto-ban by the spambot too. I was also a victim in the past, even as a Mod.

Ibime:
"Unfortunately for many of you noise makers . . . what i have achieved educationally so far is what you can only dream about." - Daviddylan


hehehehehehehe

Hmmnnnn, I hope this thread will not turn to a war of PhD-holding Nairalanders and competition of 'educational attainment'. Where is Richyblack?
Me wey no get more dan Bsc do go siddon o

What do you want me to do? Are you not aware of spambot that autodeletes long and usually copy and paste posts? I'm afraid I'm also not immuned this.

kolaxy:
@ Davidlyan and Noetic

I've been following your debates with Deepsight and, I personally know for sure that you both weren't been arrogant when you made the above statements

Although we are always at opposite extremes of debates, you can accuse Dr. David of anything, but not boastfulness.

With ten months gone in 2009, my annual list of TOP 10 NAIRALANDERS-2009 is being revived.

I will release the list in two batches(Don't call me Sanusi o  ). The second batch will be released by the end of November.

Here is the First list(Not in any order):

1, MRCRACKLES: This guy shook Nairaland in 2009, as he did in the previous year. Visible in almost every section and thread, MrCrackles is unarguably one of the most popular and controversial nairalanders. A topic was opened where somebody accused him of being a cultist. Not given to long posts, his posts are usually short, emoticon-laden and filled with slangs, most often insultive ones. He will make anybody's list.

2. BECOMRICH: For forumers that dwell politics and other related sections, becomrich is one guy which every word that comes from his keyboard keeps you laughing. He has always been like that, but he became a four-star comedian in 2009. The passion with which he marshals his arguments is phenomenally surprising. New slangs like 'Mapomeji', 'I talk to God', evolved because of this guy. If you did not go to politics section section in 2009, you have missed a lot.

3.LAWYER: Lawyer is a moderator, and I tried not to make any Mod make the list, but I can't help putting Lawyer in my list. He did a great job on NL in 2009. He did wonderfully well in his Property section. He did researches, went as far as going to a Ogun state to take pictures of estates/land for sale, did same for Okun Ajah area etc. He is one person that made NL thick in 2009.

4.CRISTALZ A list of NL's TOP 10 without having a rep from the sports section is definitely not worth it. I had serious difficulty picking representative of sports section in my list, as there are a lot of folks from sports section who collosally moved NL in the outgoing year.  Last year, it was Dayokanu. This year, I give it to Cristalz. She is one Nairalander that shook the sports section in 2009.

5.THIEF OF HEARTS Another ubiquitous Nairalander. We hardly see eye to eye but I think she deserves a spot in the list of Top 10 Nairalanders in 2009.

Poser: Will Abuzola and Tpia make the next list? I myself don't know. . . . let's wait

The next list will pull up some surprise. But until then, keep debating.  . . .

KnowAll:
Im not concerned with your view on Sanusi. . . . Im concerned with the unutterable jargon you are spewing above about corruption and thievery being par for the course for capitalism. . . . it is shameful that in this day and age, a so-called enlightened fellow could excuse such thievery by drawing inane comparisons with their counterparts in the political sphere. . .



The Central Bank of Nigeria – CBN

The Central Sugar of Nigeria – CSN


Why the capitalist in the SW Nigeria and the South in general have to contend with this monster regulatory body called CBN led by Islamist Sanusi, the Northern Feudalist have no regulatory body regulating the Sugar or Cement trade or Textile Industry.

The history of modern banking started in the gold fields of California, when prospectives take the gold dust found in the fields to the banks to be valued and change to cash. The Banks also offered services such as safe keeping of prospective’s money for a nominal fee.

That is how modern Banking started, they were capitalist, the Federal Reserve Bank never dabbled with what they did with their profits.

History of Well Fargo one of Californias oldest bank.



In 1852 Henry Wells and William Fargo founded Wells, Fargo & Co. to serve the West. The new company offered banking (buying gold, and selling paper bank drafts as good as gold) - and express (rapid delivery of the gold and anything else valuable).

Wells Fargo opened for business in the gold rush port of San Francisco, and soon Wells Fargo’s agents opened offices in the other new cities and mining camps of the West. In the boom and bust economy of the 1850s, Wells Fargo earned a reputation of trust by dealing rapidly and responsibly with people’s money. In the 1860s, it earned everlasting fame - and its corporate symbol - with the grand adventure of the overland stagecoach line.


The economy of Lagos and the SW is anchored on and buoyed by the success of the banks, with the capitalisation of the banks by Soludo, the Banks effectively belong to the Share-Holders. Unfortunately the CEO’s and their cronies by virtue of inside information commandeered majority shares making them the Majority Share Holders, why people like me and you end up being minority Share-holders.

No depositors or Share-holder prior to Sanusi becoming Governor have lost 1 kobo. The Profit of the banks belong to the Share-holders and they decide in their Annual General meeting how it will be apportioned and dispensed. Unfortunately since majority of the shares belong to the CEO’s and their cronies, most of the profit made goes to them, and me and you get the crumbs. Are we complaining, hell no, at least we got something.

Look at Dangote Sugar because there is no regulatory body controlling what is happening in the Sugar trade or Cement trade he is smiling all the way to the bank.

What I sense here is pure jealousy and envy by Sanusi, he does not want to get at me or u the small share-holders he want to get at the big fish, that is why he said that investors have lost their investment in all those banks, who will feel it the most the ex CEO’s.

Sanusi is not a banker, not a Capitalist, nor is he serving my or your interest he is out on a vendetta to get his southern bank colleagues, why is he doing this, I don’t know, but one can sense serious abuse of power and authority by this semi-illiterate of a Governor, who has let his personal views encroach on his public persona as a governor of a revered and trusted institution like the CBN.

The banking Industry is an easy target, the Politicians are untouchable, can you imagine a man that stole N84 billion or $500 million dollars of public funds Bode George sentenced to only 2 years in prison, meanwhile our CBN Governor wants them to shoot the former CEO’s who are majority share-holders in their own business.

Nobody can touch Dangote because there is no big brother regulatory authority like the CBN who is giving him all this bull-shit about distress bank or Company nonsense. It is all hot air by Sanusi and not an iota of truth in what he is saying my own personal view I must stress.

Embarrassed

Similar articles by the same author:
The Lamido Sanusi I didn't know: http://www.thisdayonline.com/nview.php?id=147240%20
Enter Sanusi The Sanity Harbinger:
A Tale of Two Predictions:

Coming soon:
Fasehun's Diatribe on Sanusi: A Comment

. . . .and we also had a robust debate here: https://www.nairaland.com/nigeria/topic-315179.0.html

Tamedo: “Interesting . . . . . . . now answer my northern and Islamic agenda poser?”

Me: “Look, I am a Yoruba man and a proud one, but I have gone beyond reading tribal meaning to everything. The five bank chiefs were sacked due, purely, to financial recklessness, poor corporate governance and flagrant disregard for basic banking ethics and principles. Imagine giving N13 billion unsecured loan to a family nanny under various names? These are issues we should be discussing rather than crucifying a man that is passionate about cleaning the Augean stables. People that worked with him UBA confirmed his no non-sense approach to issues. The most interesting thing about this man is that he had taken on even leaders of his tribe in the past. He is a proud Fulani man as me and you are also proud Yoruba men and I don’t see anything wrong in his being proud of his origin in asmuch as he didn’t use that as a basis for dealing with people. He had taken on religious and political leaders from the north in the past. He had defended people of other tribes and religions as well. Do you recall the 2005 National Confab?”

Tamedo: “I hardly follow politics but I can remember the talkshop and the hoopla that followed it”

Me: “Okay, do you remember the outcry by Nigerian Muslims that the appointment of Justice Niki Tobi and Reverend Father Martins Hassan Kukah as Chairman and Secretary of the conference respectively, was partial? Sanusi criticized this clamour by his Muslim brothers as baseless. You need to read his article, ‘In Defence of Reverend father Martins Kukah’. And as another take-home, in Sanusi’s article ‘The Adulteress Diary’, the man took Yerima and other northern Sharia governors to the cleaners. If you also recall the call, some years back, by some northern political leaders, that the continuous incarceration of Al-Mustapha, Bamaiyi, and Mohammed Abacha, was unjust when Frederick Fasehun of OPC was released. Sanusi wrote strongly against this claim, dismissing as dissimilar the offences by Fasehun and Bamaiyi and co. I am however not disputing the fact that Sanusi goes overboard in some of his articles, like ‘Afenifere: A syllabus of Error’, but a dispassionate look at even those offensive write-ups will tell one that the man was not an ethnic bigot as some uninformed folks would make us believe. Guys, this is eleven minutes to two, I have to be upstairs to say my prayers and be at my desk by 2’o’clock, cheers”

Tamedo: “Quick one before you go. Did you say you were off to the Mosque upstairs to pray? Leaving office for prayers. Birds of a feather. I read from Vanguard’s Rotimi Fasan’ column last week that Sanusi also used to leave his work for prayers during prayer times. He even wrote that he heard Sanusi was a polygamist.”

Me: “Sincerely, I don’t know whether to cry or laugh. I also read that Fasan’s column and I was utterly disappointed. This is how low people have stooped just to criticize this man. What, for God’s sake, has his sparing five minutes of his time by 2 and 4 o’clocks got to do with his performance as CBN governor? What do we say of the people that spend the first thirty minutes of their office hours fellowshipping? What do we say of banks that make this mandatory? What has his being a polygamist got to do with the issue at hand? Wasn’t Gani a proud polygamist? Didn’t he do his job effectively? Dudes, the earlier we begin to shed our parochial mindset in the analysis of national issues, the better for us. Odaabo”


[

Lagbaja: “Are you saying Sanusi, with just a Masters degree in Economics, is better than Soludo, a professor of monetary economics with international acclaim?”

Me: “Well, I have a friend who, after watching Sanusi’s senate screening exercise, said just that. But I’m personally indifferent on that. But I want to call your attention to an important fact that attitude and professional experience are as important as academic credentials when picking somebody for a position. Look at Fola Adeola, the founder of GTB. He had an HND and before he left the Nigerian corporate scene, he was arguably Nigeria’s most respected CEO and GTB still benefits from the brand he built for them till today.”

Lagbaja: “Stop the redherring, do you, like your friend, also believe that Sanusi is better than Soludo?”

Me: “Don’t pull words out of my mouth. I never said such. I hate comparing people. But I dislike when skills, experience and personality are being sacrificed on the alter
of paper qualifications. I won’t say more than that.”

Suddenly buzzed in Tamedo, who came for lunch late and sat beside us.

Tamedo: “Mr man, tell me, sincerely, how much did Sanusi pay you to do PR job for him? Because I can see how passionately you have been defending him since I joined you here”

Me: “The Sanusi I know will not pay anybody 50 kobo to defend him”

Tamedo: “ So, you know Sanusi. No wonder”

Me: “My friend, I expected you to know that when I say I know somebody, it doesn’t necessarily mean physical knowledge. I know Sanusi through reading over 30 articles of his. From one’s writings, you can draw reasonable conclusion on his thinking, on his personality, on his type of person. We know Karl Marx, Fredric Engel, Shakespeare etc through their writings.”

Tamedo: “Okay. Now, tell me, are you saying this Sanusi is not pursuing a northern or Islamic agenda?”

Me: “Honestly, I doubt it. This man is a long term advocate of one Nigeria. He is a disciplinarian that doesn’t deal with people based on tribe and ethnic affiliation. One of his closest friends is Atedo Peterside, founder of IBTC, ”

At this point, Lagbaja cut in, “Yes, you reminded me of something. Do you know Atedo feted him on the night of August 14, the day he axed the five CEOs? Also why did he use Atedo in the famous London town hall meeting?”

Me: “Atedo is a Christian from Rivers state and Sanusi a Muslim from Kano. Both went to King’s College, Lagos and have been friends since then. So I don’t see anything wrong in hosting your old school mate who just got a job. I however have a problem with Sanusi’s choosing of Atedo to make the opening speech in the London roadshow. Atedo Peterside and Fola Adeola no doubt come across as two of Nigerian executives with proven integrity and high regard for ethics, and are qualified as face of integrity, but with Atedo still chairing StanbicIBTC, I think Sanusi should have done better using another person. Mind you, I also don’t agree with Sanusi in every matter”

Lagbaja: “Okay, what’s your take on Soludo? Don’t you think Sanusi is out to rubbish Soludo’s achievements?”

Me: “Honestly, I don’t think so. Soludo to me, did what he felt was the best to do at that time and Sanusi is doing what he feels is the best now. Soludo focused on strength while Sanusi is focusing on ethics. During the Soludo’s second term debate earlier this year my take was that Soludo should be given second term, given the priceless saying that no nation retires its best general during war time. Soludo, I had thought, was our best general at the time. I always added, however, that Sanusi would not be a bad choice if we must replace Soludo. This was my position at that time”

“Do you still hold that position?”, asked Lagbaja, adjusting his tie.

“Well, I have reviewed my assertion that Soludo was our best general. Also from experience, I’m reluctant to say Sanusi is also our best general now. There may be a few others that can do the job better than Sanusi but I still don’t think Sanusi is a bad choice just as Soludo was also not a bad choice at that time” I answered.

“So what are the salient events in his career progression which the press don’t know, but you know?” , sarcastically asked Lagbaja, adjusting his spectacles.

Me: “There is nothing I know that the press don’t know or have not mentioned. I only called them salient because they are deductive from his profile and career rise”

Lagbaja: “ What are they?”

Me: “Coming fresh from Sudan, banking profession-rusty, with a degree in Sharia, do you think a bank like UBA will offer him the position of principal manager if they didn’t see anything exceptional in him? If he didn’t have any special quality, do you think UBA will ignore his six off-banking Sudan years to give him such a high post? We are not talking about ministry or parastatal here and the last time I checked, UBA was not a northern bank. Did you also notice his rapid promotion in UBA, including being promoted twice in the same year(1997)? Have you read about how he moved to First Bank? Do you know that he got the job by phone call, without lobbying or submitting application, with First Bank practically begging him to come and fix their risk management area? Imagine a bank as big as First Bank begging an AGM in another bank to come and join them as ED. And within a couple of years on First Bank’s board, he was made GMD, even ahead of those that had been on board before him. These are private sector establishments. So I feel uncomfortable when people dismiss this man as an opportunist that got CBN governorship job because of ethnic consideration. I dare say that this man would have made the list of top 3 contenders for the apex bank job irrespective of region he comes from”

Lagbaja: “Hmmnn, you and this your Sanusi. Ok, I agree he is good. But have you asked him why he read Sharia, and in a violent Sudan for that matter?”

Me: “First, I have never met Sanusi. But I don’t think he owes us any explanation for studying Islamic studies. I don’t know why Nigerians continue to make issue out of petty matters like this. At a point in our lives, we all make decisions that are strictly private. Erastus Akingbola, for example, is an ordained RCCG Pastor that preaches on the pulpit. Does that make him less effective as a banker? Was that an issue when he was made CIBN president? And I’m sure that wouldn’t have been an issue if he was made the CBN governor? So I don’t know why Nigerians are making issues out of Sanusi’s private decision to be an Islamic scholar(just like Pastor Akingbola or Segun Agbetuyi). Do you expect him to spend all his life, including private life, on banking? Obasanjo, after a successful military career and eight years as civilian president, decided to get a degree in theology, who cares about his private decision?  Sanusi is a Kano prince and he may have an eye for emirship after his career as a banker, and being knowledgeable, Islamically, may be of help. But has that diminished his knowledge of banking and economics? Didn’t FBN, a private sector establishment, know that before making him their CEO?

Lagbaja: “ Don’t run away my friend, answer my questions”

Me: “Okay, You said this man doesn’t know jack about Economics. He had a Masters degree in Economics from one of Nigeria’s most respected Universities. He has over twenty years experience in banking. He is acknowledged, almost unanimously, as Nigeria’s banking industry’s best brain in risk management. Did you study Sanusi’s profile at all? Did you notice some salient events in his career progression?”

Lagbaja: “Why did you omit his Sharia degree? Okay, I know he was with UBA for a number of years before moving to First Bank.”

Me: “Okay, apologies for omitting his Sharia degree but I don’t think that diminishes his knowledge of banking and economics which he needs to carry out his present job”

At the risk of boring you with Sanusi talk, I am pasting here a copy of my recent write-up on Sanusi. It's an imaginative writing but a summary of my past real life debates with people on the Sanusi issue, on Nairaland and elsewhere. It's not exhaustive of my opinion on the whole issue, but after realizing that most of the debates I have had on the issue border on same issues, I put this up as reference to future debaters. It has been published by Daily Sun newspaper of Wednesday, October 14, 2009, full back page.

Enjoy:

AN ENGAGEMENT WITH TWO SANUSI CRITICS

At the canteen. Few minutes after one o’clock. It was breaktime, with everybody treating himself to sumptuous lunch. There was nothing much to discuss on football other than how Man City were ‘PDPed’ to lose to Man U. Gani Fawehinmi had been buried and lunchtime discussions over the legal icon diminished by the day. Sitting in front of me was a respected colleague, Lagbaja, with a copy of a national daily in his hands and expecting his food, having already placed an order.

“Yes, I said it, this Sanusi is an elephant in a China shop”, began an obviously exasperated Lagbaja.

“Why did you say that?” I cut in uninvited. “Or are you just reading that article written by Sly Edaghese?”

Lagbaja: “Yes, I’m just reading that article. Or are you saying the writer is wrong?”

Me: “Ok. I have also read that article in the morning but I don’t agree with the writer much as I respect his opinion”

Lagbaja: “Ok. Good. But do you know that this Sanusi man doesn’t know jack about Economics? He doesn’t know the implications of his actions on the larger economy. After taking such draconian and rash decisions, he is now seeking ways of salvaging the situation. He has been in London. He has been on CNN, BBC etc. In fact, this man comes across as a clueless aboki man that got CBN governorship position by ethnic consideration”

Me: “Sincerely, I’m really disappointed in your last statement and would have moved to another table if not for the demand of respect. But I will take my time to engage you, perhaps you may see reason on why we must look at issues beyond tribal prism”

Immediately I saw this topic, I expected to see Becomrich as thread starter. I'm highly disappointed in beaf, who I hold in high regard, starting this kind of topic.

Option of fine?