₦airaland Forum

@ Kobojunkie

You do not need to align yourself with a particular group. You only need to start right where you are.

You mean like Boko Haram, no matter how good or bad their intention was, they were starting a sort of revolution, they were resisting and fighting a feudal system that has become the bane of Northern Nigeria society and to some extent Southern Nigeria too.

Did they achieve their goal, you can say that again, they got slaughtered in an orgy of frenzied debauchery never seen since the days of Stalin in Russia.

Are the money men who bankrolled all this mayhem still alive today, I bet they are not only enjoying their carveir fish dinner they are also enjoying the most un-imaginable orgy with their numerous harem.

The days of Che Guevera are gone for good, who incidentally died doing the only thing he knew best. To embark on armed struggle is to embark on a suicidal mission in today’s world. 

idiot a word v a phrase

idiot is no more a word in english it is now a phrase, who are u to criticise my writing style.

the sarrengenti for your information is a huge spanse of savannah within the rift valley ecosystem in east africa strecting from northern kenya to the borders of southern Tanzania and then into malawi, to paraphase my write up is an unnessceery gesture thank you.

I know your type master plagarist write your own original article and let us read it.

By the way mate your post was riddled with shitty grammar, I have helped you perform some corrections. Also stop using a lot of lofty words, be simple and concise it makes life easier:

To use such a phrase as displayed above as the opening gambit to an argument shows the depth of your intellect, equating your IQ with humans  will be a disservice to the wild animals roaming the kenyan wild. It is apparent that the animalistic instinct in man that was hitherto in extinction for centuries is quite intact in your mind. I just hope that the culture, courtesy, and civility of the host nation you are living at will rub on you with time. You can beg to differ but to call people names is uncalled for.

Also read the irony in your statement--you go on a name calling spree while admonishing me for s smaller case of name calling. Also by the way everything you used as an insult could be paraphrased into just one phrase 'You are a beast of no nation." Stop being overly wordy. Man by the way learn how to insult concisely , this is a public forum and it is a requisite skill  .


This is not an essay or grammer contest it is all about communication, if you grasped the message then every other thing is secondary. No human has the perogative  use of the english language it is a language that is evolving, if a mordern english speaker were to write to a 17th century scribe, the latter will be lost he will be convinced that what is written is greek or latin.

Is it great that a clown makes your miserable life ever more miserable, that you can't avoid mentioning his name anytime you hit the keyboard.
The bad news for you is that this clown called Mazi Ralph Uwazuruike had no idea about your existence and never will, but his name alone is what causes you some sleep at night.
Now who is the joke?


As long as Biafra remains an illusion in the minds of diasporan Igbos and a form of comical entertainment for Nigerian based Igbos with that gaff prone Uwazurike as her helmsman most people in the country will have a good night sleep No shaking.

I missed a heart beat just this week when I read that there is a new organisation in the south-south called the Urobo Peoples Republican Army, since this new group has yet to taste the bitter pill of defeat in the battle field, hiding under the protection and anonimity that bloggersphere provides will not be an option now.

They will want to inflict their own quota of pain on innocent citizens before enventually succumbing to defeat. I will have sleepness night over this group than bat my eye over Biafra.

Man Mr Know All is an idiot,

To use such word as displayed above as the opening gambit to an argument shows the dept of how low you are intellectually, to equate your IQ with normal human beings will be a diservice to the wild animals roaming the sarangetti in Kenyan. It is apparent the animalistic instict in man that has been in extinction for centuries is still intact in your mind, your body and soul.  I just hope the culture, courtesy, and civilty of the host nation you are hibernating will rob off  on you with time. You can beg to differ but to call people names is uncalled for.

Whats with this Erastus dude? Is he that good? How come he was booted out and fell like a park of cards. Can't see anything good about him


Eratus, Eratus,

That name, Jim Ovia , and Cicilia Ibru have being at the top echelon of the banking industries for decades and now it seems as though they have been around for eternity, not only that, they were the most 3 flamboyant CEO’S they were also the most fashionable ones.

They were unstoppable wielding so much financial muscle in a country where politicians were revered to see bankers with so much influence and power was a first in Nigeria, one would undoubtedly not rule out envy and jealousy amongst the political class and elites. The advantage they had was they could splash their cash without any retribution from anybody or any quarter unlike the politicians who had to be ingenious and covert in their operation.

They were only allowed to flourish and got their strips and ranks from the OBJ / Soludo regime. You need to know that regime turned little or known millionaires into billionaires in dollars over night. Who was Femi Otedola before 1999.

The examples are just the type of deals going on in Nigeria banking system


Who is suppose to monitor those deals, if not the CBN Governor and his board of directors and he failed flatly in delegating, monitoring, supervising and enforcing laid down rules and regulations.

maybe opting 4 the presidency!

I wont be suprised, he is re-positioning himself for 2011, Yaradua might want to step down come 2011 to take care of his health. This guy will be good prospect.

cnt say soludo z an outrite failure. before the recapitilasation exercise, banks wer built on shadows. the capital base of most of them wer merely less than a billion naira(£4bn), this is  wat some british banks post as annual PBT!!!. the recapitalisation exercise raised the bar to 25bn(£100m). aldou we havnt gotten der yet(standard chartered's capital base is wel wel ova £1bn), were getn sumwer.IF SOLUDO DINT ENGINEER THE RECAPITALISATION, WE WOULDNT BE CRYING OVA 5 SACKED M.D'S, SOME PPL LL NEARLY COMMIT SUICIDE AFTA THE FALL OF OVA 50 BANKS IN DIS GLOBAL ECONOMIC CRISES.



There is noting but hollow before capitalisation as far as I am concerned,  Nigeria history b4 capitalisation was known existent since the untimely death of democracy in 1983. The country was run by illegitimate people who appointed illegitimate Governors where all kinds of thing under the sun is allowable and possible to compare Soludo’s stewardship to this era in our history will not be fair on Soludo himself. I can remember the Naira been pegged at 80 to 1 to the dollar throughout Abacha’s regime.

Yesterday, I listened to one of my friends for 20 minutes analyse banking and policies. He did so well that a mere observer would think he was guru in financial analysis. It was very disgusting because had no points and at best turned the points upside down. Just now every idiot in Nigeria calls people names in the guise of financial/ policy analysis. I thought replying to this post was a waste of time. Maybe I still think so



By not heeding to that inner voice that stop u from posting yesterday, only to be lead by that loud voice that made u post today, has not only exposed your lack of view but it has clearly shown u are someone that regurgitate and panders second hand information as a past time. You lack substance tell your friend to post his views.

On a final note, Mr. KnowAll, i want to honour you with another name today. By the power conferED on me today by nairalanders, i hereby give you another name, MR. PUBLIC TAP (make u continue to dey run ya mouth on Nigeria Public Servants that have credibly served us well against all odds and yet seems to be in ya own black book).

Did i hear say congratulations to him?



The internet is a good thing, with the stroke of our key boards we will bring down corrupt officials in our country, modern day revolution is not won in the battle field it is won at the stroke of a key on the key boards. The earlier you embrace this technology the better for you because you cannot hold it back it has come to stay.

Other CBN Governors before him were seasoned bankers. What was their achievements? Soludo tried his bit to salvage the banking sector from total collapse. Sanusi will equally peform his magic. Let us see how it works out. This attitude of castigating former chief executives on the ground of non pereformance is unhealthy


Those were not proper Governors, they were men under a lot of duress with a gun at their temple, if the Head of state tell them to sleep with their mothers they will gladly do it, to compare Soludo to this “Yes men”, is belittling Soludo.

So who is the real enemy of this nation now, Soludo, Sanusi, Yar'dau  or you guys fighting each other?


Lets call a spade a spade Soludo is to blame you don’t ignore what is blatantly gross mis-management it is like a football referee not blowing the whistle in what is a clear cut penalty. If a blind man can see it is a penalty then it is penalty, I am afraid Soludo has no leg to stand. No point massaging the truth with unecessary spin.

Are you saying the bank was about to fail? That's news even to people who own these banks.
Forcefully putting 70billion in a bank with 1.3 trillion asset, and taking it over in the name of rescuing customers is another daylight armed robbery possible only in Nigeria.

For the Governor to use the word " technical Insolvent" is not a word people throw around willy neely, it is serious matter. The Governor is one step from saying it has actually hit a boulder, courtesy and drastic dash for their cash by customer prevented  the Governor from actually declaring bankruptcy, if the aggreived banks beleive they have a case they should seek redress in the courts.

Your lack of basic World economic news is not only nauseating, but actually troubling, because ignorant people like you are capable of making Nigeria's bad economic situation worse.

So your Nigerian stock equity dropped from N2.8million to 0.3million today--thanks to Soludo? I guess we would also thank him for the drop NYSE, FTE, DJA, and other World burse that also lost equity. Even if nobody has ever told you that the World economy is connected, you should have at least done some basic research before putting your stupidity on paper


We thank Souldo for the dire state of Inter-Continental's Account, and I para-phrase the CBN's word " one of the banks is technically Insolvent" those are not my word but the new CBN boss exact word. So direct your anger at him and your Soludo that let all those unethical deals to prosper during his tenure.

So Alan Greespan failed because he was replaced by Berneke? How easy it is to exposure the ethno-tribal undertone of any topic in Nigeria.

If you don't understand the characteristics of free market economy and banking which was what OBJ and Soludo envisioned, just shut your mouth, because there is no reason under the sun to compare either OBJ with Yar'dua, or Soludo with Sanusi.

Private and public economies are bound to affected by corruption, but time and time again, we have seen that the magnitude of corruption in private economies are much less than their public counterparts.

In public or government runs companies, the person who comes out to arrest criminals today, eventually becomes the bigger thief tomorrow.

Just look at World history and our national record since after independence.

Asking whether Soludo was a failure simply because Sanusi wants to nationalize the nations private banks is akin to IBB overthrowing Buhari because of "gross abuse of the law" and turned out to be the 'smartest criminal president' we ever had.



Your views have been taken note of, I dont thing you will be saying all these crap if you have N5million in Inter Continental and you want to withdraw it only to be declined, we have seen it happen in Nigeria not once or twice it has in fact become a perenial problem, that rut has to stop and somebody should stand up against such flagrant abuse of power by our bankers.

Mr KnowAll, you goofed in the point that Soludo may have failed because he was an Economist and not a Banker. Soludo has not failed. Policy is a continuum

In the first place, Central Banks/Federal Reserve/Bank of England governors all over the world are not mostly economist. And more noteworthy, they are principally PHD Economist because the economy is not just about banks but more about complex macro-economy.  Carry out a research on countries such as USA, England, Japan and other countries. The present US FED Chairman is a Professor of Economics.

In these countries, Sanusi will not  near CBN mantle of leadership becomes he lack the academic and professional pedigree.

Sanusi and Soludo will surely have different management style. Sanusi may decide to sack an entire board because they over-leveraged their portfolio while Soludo may decide to prop them up to a degree. It's all about management policy exclusive to CBN head based on his interpretation of macroeconomic variables. I support his decision because Nigerian Banks are a disgrace to their profession and to the country. But we must remember the MD's and their Board did not commit any crime.

Soludo is still  the reference point of success in the history of CBN governorship. Sanusi may equal or surpass it. It is a verdict for the future - not present and will not be based on a single policy decision.

I did not say Soludo failed if you care to check the subject title I said "  Was Soludo a failure with a quetsion ?" , my own verdict is yes he failed, but you might beg to differ which is perfectly fine by me it is a debate not a fact.