There have been so much hullabalo since the sacking of 'troubled' banks by the CBN. Much as i so much believe in the 'santitization' strategy, i would still not join the league of those who believe so much in the MILITANT approach by Sanusi Lamido on the following ground and i want all intellectuals to go along with me:

1. AUDITING OF TEN BANKS

  Why did the CBN have to be SELECTIVE in its ADHOC auditing exercise? Although we are being told that more (eleven) banks are still currently being audited. Why can't the CBN finished up the whole audit exercise before realeasing its report. Why the rush? I hope there is no political sentiment in this exercise? I hope this exercise has not been predetermined? I believe there is something that meet the eye here? So much question but only time will give the answer.

2. WHY PUBLIC ANNOUCEMENT OF 'AUDIT' FINDING WITHOUT THE AUDITEE BEING ALLOWED TO ANSWER QUESTIONS ARISING.

   The Banking and Other Financial Institution Act (BOFIA) stipulates that a bank (through its representatives) shall be given 30 DAYS to respond to any issue that may be arising from any special audit exercise carried out by the CBN on any (Nigeria) Banks. This in essence, is to support the TRUE and FAIR view of any audit report. This professionally procedure is also supported by the Standard Auditing Practice (SAP). Now the question is, why didn't the CBN allowed these 'troubled' banks to answer questions arising fro their 'auditing and investigation' exercise before concluding their report. Please lets be objective and professional here. I still believe there is something that meet the eye in CBN MILITAT approach. So much question but only time will give the answer.


[b]3. DISPUTED DEBTORS FIGURE[/b]

  The Standard Auditing Practice (SAP) spelt out the principle of THIRD PARTY CONFIRMATION in auditing amount owing an audited Company (and Banks). In a more clear term, an Auditor MUST CIRCULARIZE all debtors to CONFIRM TRULY the amoung standing in the book of an audited bank as being owing by them. The current dissagreement of figures amongst these bank Debtors shows that the CBN did not exercise DUE DELIGENCE in their auditing exercise and I ask why? Is this a professional genuine oversight or the CBN intentionally ignored professional ethic just to achieve their 'hidden' agenda for some group of individual just in the name of carrying out CBN legitimate function? So much question but only time will give the right answer.

4. WHY MILITANT APPROACH IN DEBT RECOVERY ON BANK DEBTORS?

   I STRONGLY believe that the CBN can go about its 'BANK SANITATION' exercise without making it this public BECAUSE of its negative effect on the economy. Now the ignorant ones are raining abuse, assault and vernon on the people like Otedola, Dangote, Jimoh Ibrahim just to mention a few. Please don't get me wrong, am not saying that they are right for not paying or servicing their debts (even those some have even proved to be servicing same) and neither am i saying we should pamper them. What i am advocating for is that, let us be fair to these business Moguls, industralists and enterpreneurs who have under harsh economic policy and conditions continued to take the risk of investing in Nigeria economy unlike those who steal our National cake and run abroad. The likes of Otedola, Jimoh Ibrahim and Dangote have contributed immensely the our GROSS DOMESTIC PRODUCT (GDP) . I need not talk of the employment opportunites (for the youths), raising the standard of living (through product and service offering), paying salaries and paying taxes to the goverment. Am sure anyone who might have benefitted in one way or the other from the BOLD INVESTMENT DRIVE of these enterprenuers  will care less if all these are being done on borrowed fund from banks. Just last friday, the Vice President of Nigeria (, Goodluck Jonnathan) was in Lagos to commission the new office complex of Zenox (belonging to Otedola).  In a more developed countries, Government or Venture Capitalist rally round industralist/enterpreneur/business mogul like Otedola, Dangote, Jimoh Ibrahim to bail them out of this ugly situation. But here in Nigeria, its pay your debt yourself or we CUT yourself. What a pity? There is structurally inbalance in our economy and we need to fix it up.

THE WAY FORWARD

No matter the amount of 'sanitation' exercise being done by the CBN, all will still come back to [b]NOTHING if something is not done to make our economy more stable than it is noe. I quite agree that sanitazing the banking sector is not a step too small BUT that too has to be done in a very TRUE AND FAIR manner so as not to be counter-productive. And unless there is proper electoral reform in Nigeria we shall continue to suffer ourselves of credible leaders in this our Country. Leaders that have vision. Leaders that will not sleep over Global Economic Meltdown. Leaders that will create an enabling environment for our industralists and enterprenuers to do business with ease. Leaders that will create job for the youths. Leaders that will make our parents enjoy their pension with no hazzle in retirement .What esle can i say?  Oh! Nigeria!!!

Conclusively,

1. Dangote, Otedola, Jimoh Ibrahim and co, Biko, be humble and pay una debts as soon as possible. Na to take hands rub each other dey make hands clean oo. Thank you Sirs for ya cooperation.

2. Sacked MDs, Where is ya professionally ethic? Like CBN governor talk say Its not a crime to make loss but failure to disclose the loss na im bad pass. I know by now you would have burnt ya fungers and learnt ya lessons. There should be no compromise in practicing corperate governance. However, i pray that the CBN should temper justice with mercy because na 3 YEARS JAIL TERM (according to BOFIA) dey ring to una hair so. GOD FORBID sha.

3. Our Able CBN (Sanusi Lamido) , Softly softly oo. Power dey kill o. I hope you will remember say Nigerians like pushing their industrious servicing public servant oo. If e happen finish now, nobody go praise you again o. I hope una still remember of Nuhu Ridadu sha. No be say Soludo no fit do wetin you sanusi dey do now o but he apply wisdom, diplomacy and wise politics into the 'game' . This is because he (soludo) knows who Nigerians are. A word they say its enough for the wise.

Please forgive me NAIRALANDERS if i have spoken STUPIDILY here o.

Thanks

I have been receiving alot of mails from would-be 'investors' seeking advice as per which of these type of 'shares' to invest in. Anyway, as your able GIRLBROKER (if u like call me stockbroker na u sabi ) with 15 years professional dealing experience in this FUN AND LOVE profession, i hope you will guideline below very useful in aiding your investment decision:


INITIAL PUBLIC OFFER (IPO)

[b]Advice:
This kind of investment is highly risky especially if you dey sponsor the girl for school. What if the girl come finish the school and come follow another man go? That means money (investment) don enter bush be that oooo.

OFFER FOR SUBSCRIPTION

Advice:
Na infidelity go characterize this kain relationship. Na this kain girl dey follow another man go immediately she notice say you no get wetin (money) she first see for ya body (abi na pocket sef). And if you vex and come veture ask her to return all wetin you don do or buy for her wen the going was good, she go simply tell you say, 'idi ti je (meaning: bottom don eat am). End of discussion!

PUBLIC OFFER[b][/b]

Advice[b][/b]
Na this kain girls (sorry i mean to say shares) dey provide chop money for all this tradomedical (the likes of Yem Kem, Oko oloyun, Ajase poki poki e.t.c) practitioners. Make i just no talk am finish but just continue to dey buy and use drugs wey fit kill Staplococcus, Symphilis, Ghnorrhea e.t.c. Don't be afraid to use those drugs o because NAFDAC don approve them.

PRIVATE PLACEMENT[b][/b]

Advice[b][/b]
You will be lucky to escape the hammer of this kain girl parents if you sabi run well well. This na because na Dog go everly pursue you if you venture go blow whistle say you wan see the girl for her parents' house. But if you venture enter the girl 18 yard box come give her belle (pregnant) then be ready to recite psalm 23 for law court. Do not say i did not advice you. I rest my case here.

BONUS ISSUE[b][/b]

Advice:
Have you heard of THUNDER BOLT (Mogun) before? If you are the kind of Guy who like dating married or sugar abi na honey mummy una dey call them sef. Then, be ready to drink 20 Buckets of water or summersault three times if you venture climb this kain 'horse' o. Although this kain women dey pay HIGH DIVIDEND (spoil you with money and stuffs like that) but e fit be say you dey exchange your destiny and fortune with the dividend o. By and large, the fear of THUNDER BOLT is the beginning of wisdom here o

OFFER FOR SALE

Advice[b][/b]
Na this kain wedding dem go write say, 'MONIKA HOOKS SEGUN' and not the proper 'MONIKA WEDS SEGUN'. Na this kain girls believe in the school of thought of AGE IS JUST A NUMBER because they are ready to get married to a Guy that is younger than their age just to get HOOK.

RIGHT ISSUE

Advice:
This kain share good well but na DOWRY PRICE LIST go make you run especialy if the girl na Igbo. If na hausa girl, just tell ya people for house say make dem help you boil water to take massage your back by the time you come back from the girl house becos dem go flog the hell out of you. But for yoruba girl, you go buy cloth and shoe for the girl father, mother, brothers and sisters, cousins, newphew, cousin's cousin, step mother, maiguard, e.t.c by the time you check ya account balance via ATM after all this buy buy, your account go read, "I DON'T WARN YOU BEFORE O. NOW YOUR ACCOUNT BALANCE NA 00000.0000.

Happy investment dudes

Bros, do you know that ladies are like Shares traded at the Capital Market? Okay wait make i explain am:

INITIAL PUBLIC OFFER (IPO)

When a girl just mature and she don dey ripe to begin get Boyfriends na these kind of girls we dey call IPO (Initial Public Offer)

OFFER FOR SUBSCRIPTION

These are the kind of girls wey be say dem they ready to accept dating from any Guy just to belong. We dey call this kain girls Offer for Subscription.

PUBLIC OFFER

These are the Ashewos. Una know say Ashewos na mind the kain man wey dey carry them go bed in as much say money dey there. Their 'investment' is always available for would-be-investors any time any day. Na these kain girls we dey call Public Offer.

PRIVATE PLACEMENT

These na the rich people dem children. U know say rich people like make their children dey marry each other. If any poor man pickin, or their own pickin tell their rich papa or mama say dem wan marry a man from a poor home na war. Rather, na their parents dey place them privately go marry a fellow rich man pickin. This na wetin we dey call Private placement.

BONUS ISSUE

Some people go talk say this kain of bonus issue girls no good. Well, u may say so but for the Guys wey dey enjoy this kain 'shares' e gooood for them. When a girl don marry BUT anytime wey she jam her EX-BOYFRIEND dem still dey do the 'thing'. This kain girl na Bonus Issue for any Guy anyday anytime. How many of una Guys get this kain shares. BONUS ISSSUEEEEEE

RIGHT ISSUE

U know say if u never marry a girl, e dey hard say u wan go see am for dem house make her papa or mama see you. Bros, the thing dey hard o. But once you are officially join together as husband and wife, then you have the right to enter their house any day anytime, even smash the girl yansh for her parents face dem no fit talk again. Na ya right my brother. Na this kain girl we dey call RIGHT ISSUE.

OFFER FOR SALE

U know say e get some kain girls wey be say dem don over-ripe to marry and yet dem never marry so tey dem parents go dey hope and pray say make ANYBODY even come marry dem commot. Na this kain girls we dey call Offer for Sale


Bros, which kain 'share' you get for hand now? And if you be girl, which kain 'share' you be now?

Whatever kind of share wey you be or get, just know say the share brings GOOD RETURN at the end of the day oooo because even ladies share market sef dey crash ooooo. If not, why is there broken marriages in our society nowadays.

For better investment in these 'shares' please consult your MAMA, PAPA and ALMIGHTY GOD before investing in them oo.

Halleluyahhhhhhhhhhhhhhhhhhhhhhhhhhhh.

My Baba (lawo) just tell me say make i try bring one gooooooooodddddddd human head come im place so that he go take am do sacrifice (appease the Gods) so that ELECTRICITY problem go become a thing of the past for our obodo Naija. And i trust say goooodddddd heads plenty for Nairaland. So here i am ooo. Make some one come donate im head for this IMPORTANT SACRIFICE for our fatherland ooo.

Anyone here to donate im own?

Either long, short or medium distance, with God what will be will be! If God says your man na your man, na so e go everyly be. We only think of the impossiblities when we considers challenges from the human perspective. But with God, distance, sex, age, colour, tribe e.t.c are not enough factors to BREAK UP what God want to MAKE UP,

Sorry, my atutupoyoyo baby keske from Kaduna don dey buzz me (me i dey lagos oooo)

'Osupa Saheed mi o Saridon P i dey like the kind of music wey u dey play' (2x)

'Olaju deee Olaju deee la wa gba gbe asha idile wa' (2x) , a song about the adverse effect of civilisation on our culltural heritage.

'Champion Saheed (ehn!) 2x, you make dem delight with ya london delight, '

'Gbo gbo nti kalukuwa yo ti lona oo loba'oke tiko sile la'tonilo, '

'Stainless, Stainless, Stainless, stainless Saridon P, Stainless Saheed Osupa stainless fuji sounddd'

', oni tirenren le min jo, laiye gba kan timi jomo watz up Guy, sugbon alujo arisisi saridon P pelu saje toma'n ko malojemi'

The list of these lines of nice fuji music like above is endless from KING DR.SAHEED OSUPA.

KABIEEEEEEEEEEEESSSSSSSSSSSSSSSSSIOOOOOOOOOOOOOOOOO.

Mr. KnowAll (abi wetin be your name sef), with this ya kind of name, i wonder why the FGN has not deem it fit to offer you appointment in one of our key sector atleast to find solution to our numerous problems. I have followed ya arguments with every poster here and i have come to realise that people like you ONLY OILED the chain just to keep the machine moving. Infact, we have people like you serving as senators in the National Assembly. These set of Senators have a unique character: They antagonise every bill in the house be it good or otherwise BUT they will NEVER sponsor any bill of their own. Mr. KnowAll i hail you ooo

To those who are very objective here (and not bad soothsayer), i support your view on STRATEGIC CONTINOUS IMPROVEMENT (SCI). This is the transition connecting the era of Soludo to Lamido. Those who read and understand Strategic Management will know what am saying here.

Having said that, sack or no sack, my greatest fear is in Ya'radua Administration. What is happening in the Banking Sector today is just one of the numerous problem in Nigeria economy. I need not mention the Gold medal winning Power Sector, The Silver winning Education Sector and the Bronze winning Health Sector. My people, Ya'radua admistration to be candid, have perform below pass mark (this is no news anyway).
Unless there is credible election in this Country Nigeria, then Nigerians will everly be denied credible governance that has the agressive solutions to the problems in our economy.

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 lesson that i want every nairalanders to learn here is that it is good to be educated. If not, Mr. Abati would have gone away with his write-up. Being educated is no little weapen of self-defence when its come to things like this.

Naija 4 life.