₦airaland Forum

[quote author=ndu_chucks link=topic=361956.msg5052977#msg5052977 date=1260005430]Indeed, the jury is still out with respect to Sanusi's ability and competence.  

many of de people wey dey complain about sanusi lost money because of the gross mismanagement of de thieving ceos and their cohorts.

those victims of fraud, mismanagement, and outright theft, dey look for anyone to blame and sanusi be their favorite person to blame.

de victims go tell us say sanusi dey kill de banking industry. Nothing could be farther from de truth. de fired ceos killed many banks long before sanusi enter scene.  

people need to understand say, if you hide dead body for inside bedroom for long, nobody go know say dead body dey for ya house.  na when honest authority expose de dead body wey people go see say dead body don die and don rot for a very long time.

in fact, some relatives and other people wey get intimate relationship with de dead body,  go begin blame both the owner of de house, and de person wey find de dead body.

na de ting wey dey happen now be dat. for my analogy, na sanusi be de authority wey find dead body and de sacked ceos,incompetent and possibly thieving executives wey kill person and hide de body for bedroom.

to make matters worse, as sanusi dey carry dead body go for proper burial,  dead body come get accident for road.  now na double wahala for dead body and de owner of dead body. make we thank Allah for de talent of fela anikulapo kuti (rip).[/quote]naijaking1 in this proverb lies a great truth that you are yet to grasp.
seek and you shall find.

@naijaking1
sometimes you come across as very naive.
i really wonder if you have lost touch with the realities of this country called Nigeria.
In Nigeria it is not the victim that looses the case.
He that shouts loudest wins.
That is the modus operandi of Ibru et al.

Naijaking1,
i am waiting for a confirmation that the last post was by an impostor.
i assume you are too intelligent to post that stuff i just read.
so a man who studies islamic studies aside his professional training is a crime.
For all the academic qualifications of Soludo, what did he achieve?apart from aiding and abating the present ruin Sanisi is facing now?
Don't be fooled by all these Havard, Yale et al you are mentioning.The people from there are not angels.
Go and see the CV of one of the most effective reserve bank governors in the continent in recent times and tell me how many Ivy league schools he attended.yet when he spoke, the market listened with rapt attention.
Sanusi's ability is not the issue, i just have slight doubts in his zeal and secondly the ruin that Soludo bequeathed him is colossal.

Dede1:
There is no state governor in Nigeria, present or past, had half of the Curriculum Vitae of Chukuwma Soludo and yet nobody ever asked them where their gubernatorial expenditures were sourced.

an educated thief is still a thief

Naijaking1, you are muddling up tow different issue.
i will be grateful if we could separate them.
1. Sanusi's ability and competence
2. Ibru et al's gross mismanagement of the banks they headed.

on the first issue, while i refuse to agree that he is incompetent, i believe that his zeal has often let him down in an office where tact, conservatism and behind the scene actions are the hallmark of its holders.
Forget showbiz impresarios like Soludo, in serious climes reserve bank governors rarely speak,when they speak are very measured in their speech.They rarely give away their thoughts by their emotions in public and while they rarely say much in public, their ideologies are evident in the market and their effect are noticed in the economy.
i believe that not only those Sanusi talk too much but some times he seems not to realise the power that comes from being a reserve bank governor (assuming he is largely independent).
I do not doubt his ability but question his method at times.

on the issue o the sacking of the bank MDs, i am an ardent supporter of that move and believe that any thing less is a half hearted measure of addressing the issues at stake.
In my view, most of the banks are even guilty of similar offence but as a realist, i believe that we have to start from some where.
The case is in court, the sacked should enforce their rights from the courts not from inside the banking hall.
He had the power to effect heir sack and i believe it was the right thing to do.
You are not the only one who was patriotic in investing in Nigerian stock but even among those who invested, the discerning knew that it was a house built on spittle and lies.It was bound to fall.
hating Sanusi because you invested in NSE is a faulty approach.
hate those who built the house of sand with their bogus lies and deception.
I still wonder what Ndi Okereke is doing in NSE?

i am unable to attach the article i promised due to its large size.

naijaking1,
it seems you see Sanusi in your dreams?
your obsession is beginning to bother on pure hatred.
for every one article you post here castigating this man, we can find two claiming he is on the right track by equally well schooled scholar like this monarch.
Sanusi did not send Okey Nwosu, Cecelia Ibru and co to run their banks aground.
There might be reservations about his method but thast does not exonerate the former bank MDs.
Stop acting like you are a foreigner (i assume you are a Nigerian) and do not know that these bankers are nothing short of cowboy economic thugs.
even the ones that are declared healthy are doubtful.
in a short while i will post a lengthy document one that i consider an unbiased report on the banking industry.
if only you can try and see issues devoid of your Sanusi hatred.
i will be back.

By OLAMILEKAN LARTEY, Published: Saturday, 5 Dec 2009


Following last week‘s violence that erupted in Bayelsa State because of the results of local government election primaries, OLAMILEKAN LARTEY writes that Governor Timipre Sylva and his deputy, Peremobowei Ebebi, are strange bedfellows who came together for political survival.

Before now, it was the militants and soldiers of the Joint Task Force in the Niger Delta that

pursued one another with determined violence round the creeks of Bayelsa State. Then, the

fear of most citizens was the misfortune of getting caught in the crossfire of the frequent fire fights.

But all that have changed. Today, the war is between the Governor of Bayelsa State, Chief Timipre Sylva and his Deputy, Mr. Peremobowei Ebebi, with their private armies among the same JTF soldiers, former militants, policemen and vicious thugs. As it was then, the innocent law abiding citizen is most likely to get shot or maimed right there in the streets of any of the major towns in the state as the political rivals chase one another across the town because of results of primaries towards the scheduled April 2010 Local Government Election in the state.

Last week, from the riverside communities of Ekeremor to the pastoral towns of Patani, Kaima, far away Twon Brass, on the fringe of the Atlantic Ocean and Yenagoa, the state capital, it was open warfare. At the end of the first battle that left many wounded on both sides, and the police confounded, because of the constitutional immunity of the commanders, the battle shifted to verbal intimidation through open demonstrations by obviously hired crowd of youthful gangs.

The state is on the precipice, wedged by a ticking political time bomb that will implode, consuming even the innocents. Bayelsa State has travelled this violent road to infamy before, and all the combatants are not strange. The exit of the former governor of the state, Chief Diepreye Alameiyeseigha, who was impeached in 2005, began with demonstrations that often led to hostilities on the streets of Yenagoa. Prominent characters involved in that sordid tale are today the belligerents in the violence that is threatening the people they have sworn to govern and protect.

As the clashes between supporters of the governor and his deputy intensified last Monday, the influential social political group, Dream Bayelsa, said the citizens of the state would hold the two men responsible for the crisis in the state. Chairman, Dream Bayelsa, Mr. Clarkson Amaebi, said, ”It is a show of shame that the governor and his deputy would re-enact the violence of the pre-amnesty era in the state. What we want is good governance and not violence.”

The Action Congress spoke in the same vein. The party accused Sylva, Ebebi and their party, the PDP, of unleashing violence on the state. AC State Secretary, Mr. Miriki Ebikibina, said the governor and his deputy had become the greatest threat to the security of the state.

”The level of violence witnessed during the PDP (local government) primaries, not only confirms the statement of Chief Rufus Abadi, the PDP chairman, that the state is unsafe, but also that some individuals in his party are a security threat and source of the breach of peace in the state when one considers the way sophisticated weapons were freely used and the number of innocent people that were wounded or maimed.”

Abadi had fled the state after escaping death from gunmen suspected to be aggrieved members of his party. But for the bruised limbs and property that were destroyed, the primaries to pick the PDP candidates for the election was a theatrical absurdity, a farce of epic proportions and a most unserious imitation of reality. The primaries brought to the fore pent-up frustrations that had lurked in the internal mechanism of the PDP in the state and opened to the world, once more, the violent machine that the party.

First, reports from the councils indicated that there were no primaries at all in many of the areas, but results were announced any way from the party secretariat in the state capital. Even the dreadful riverside councils that were once the dens of militant commanders produced results with candidates, many people swore never took part in the elections.

In Kolokuma/Opokuma LGA for instance, government officials, backed by armed soldiers, supervised the primaries that were done through the open ballot system. An eye witness described it this way, ”They just came and counted about six people on one line and they shouted winner. By the time the other candidates knew what was happening, the election was over. The next thing we heard was the result on radio.” But no primary has generated more controversy than in the strategic Ekeremor LGA where another set of government officials, again with soldiers, openly disrupted the elections. The control of Ekeremor is symbolic for a number of reasons: Deputy Governor Ebebi, is from there. Senator Heineken Lokpobiri, a former speaker of the State House of Assembly, and an old Ebebi foe, is also from Ekeremor, one of the most deprived and inaccessible councils in the state.

The lingering feud between Sylva and Ebebi has made the control of Ekeremor a do-or-die affair and the governor‘s foot soldiers in the council are his Commissioner for Youth, Conflict Resolution and Employment Generation, Mr. Bekes Etifa; and the newly installed transition management committee chairman of the council, Mr. Victor Eyorokumor; and a faction of the Ekeremor Youth Association.

By some deft political calculation, Ebebi had outwitted Sylva by producing the representative of the LG in the House of Assembly on the platform of the Labour Party through a by-election. To the Sylva group, the defeat of their candidate was not only a humiliation, but further proof of Ebebi‘s stronghold on the council. The attempt to wrest the control of the council from Ebebi‘s vice-like grip led to the violence that rocked the state last week.

The current face off between Sylva and Ebebi, sources told our correspondent, could be traced to their political background. ‘Their ticket of convenience‘ in 2007 was the product of the type of intrigue now playing out in the state, one source said.

Our correspondent learnt that Sylva and Ebebi were strange bedfellows who came together for political survival, and that they were more of rivals than partners. Ebebi, it was gathered, had been a member of the House of Assembly when Sen. Lokpobiri was the Speaker. Alameiyeseigha was then governor. By deft political movement, Ebebi later became Speaker, following Lokpobiri‘s removal. Following the political crisis that engulfed the state and the impeachment of Alameiyeseigha presided over by Ebebi, the then deputy governor, Dr. Goodluck Jonathan, became governor. As reward for Ebebi‘s loyalty, Jonathan made Ebebi his deputy.

However, Jonathan‘s elevation to the position as running mate to President Umaru Yar‘Adua in 2007 created a political scramble. Among those that jostled to fill the vacuum were Sylva, who was an aide to the former to Minister of Petroleum Resources, Dr. Edmund Daukoru, and the former Managing Director of the Niger Delta Development Commission, Mr. Timi Alaibe.

Sources familiar with the intricate internal politics of the PDP said Sylva had no chance in hell, at the primaries. The PDP high command under President Olusegun Obasanjo had given Jonathan the choice to provide replacements for the governorship ticket which he relinquished.

”It was the opposition to Jonathan‘s choice, the debonair Francis Doukpola, that brought the alliance of Sylva and Ebebi. Their plan was to truncate Jonathan‘s plans and they succeed for two years,” the source said.

Last week, as the state convulsed in an orgy of violence, many people were not surprised; the state was threading a familiar road.

Kobojunkie:
How sure are you that the media is not responsible for "cooking up" a huge majority of the stories about the woman whom you refer to as his greedy bastard of a wife?

that thought has crossed my mind several times.
the line between tabloid journalism and serious journalism has long been blurred in Nigeria.

all this his intellectual capacity led our banking sector to the ruin it is in today.
Nigerians and hype.

PapaBrowne:
Only a lazy man with little brain would depend on a 500,000 naira salary when he has the capacity intellectually to make much much more.
This is a guy that consulted for 18 international organizations. Do you know how much these organisations pay in consulting fees?
If only you knew how lucrative!!

you are probably ignorant of what you are talking about in terms of the lucrativeness of the consultancies or ignorant ofwhat campaigning for governorship in Anambra entails financially.
In fact you may be ignorant of both.
it seems his investments from all these consultancies you are touting matured only after he became CBN governor?

mikeansy:
this is a very lazy argument

if Soludo is not worth less than 5 times the sum of his Annual Salary then he is a thief.
Hellooooooo!!!! people who know what they are doing invest their money wisely and do other jobs to make more money. If you have not been doing this then I think you need to spend more time being creative than trying to blackmail others.

Meanwhile, you have not provided any proof that Soludo bribed anyone in cash or in kind. You need to provide proof, the onus is on the accuser to proove his case.

yours is an even lazier argument.
even if he was investing his entire salary, what kind of returns was he making on the investments to enable him splash money around in the name of campaigning.
unles he was investing in 419.
it is either he was stealing while in govt or he has another godfather bankrolling him (if that is the case, another Chris Uba or Emeka Offor scenario awaits Anambra). both are different sides of the same coin.
what kind of mythical investment are you referring to?
The type Erastus Akingbola has been into all this while?
Do you think you are talking to kids in kindergarten or a bunch of retards here?
The onus is on no one.He should carry on with his fellow barbarians.
Just remind you slimy prof that we, the people will never be fooled all the time.

retarded non entities.

Halala South Africa!!!
the Mother City is on fire,

all these non entities

eldee:
For the World Music category of the Grammys, winning ain't that importatnt.

that stuff you are smoking is too strong for your head.
For your own good, take it easy.
the evidence is obvious.

first of all, he should quit smoking.
it will not do him any harm.

Iranoladun:
OMG I've missed this hot topic so much, wuz away for the hols.

I observed some people here are finding it difficult to acknowledge the fact that the church stinks to high heaven.  Churches, parishes, worship centers have all become business centers with tithes, offerings, gifts and show of affluence becoming the center of attractions and not salvation of souls or the teaching of Christianity.

Although the church nowadays is like the Ark of Noah in the old testament; with all the different species of animals and different odour and inconveniences it is still better to remain in the stinking ark than perish in the flood of water out there! Our challenge as Christians is to find a way to clean up the mess within the ark so that we could all reach the promise land with less distractions!

To confirm that this topic is serious business Becomrich is making so much sense with his post minus satelite pictures for once. 

I wish to join the crowd applauding you for the content o your contribution.
very apt.

Hugo is focused on his oversized ego only.

naijaking1:
I don't blame him, that Clark name has become a poison pill by itself. I think he meant the so-called Ijaw leader who's been promoting his narrow selfish interest from time immemorial.
You know the one(s) who thought that Igbos were frustrating his chances of success in the civil service, the one fighting M.T Mbu, the one fighting Amechi in PH, the one fighting Ibori, and now fighting Uduaghan, you know that Clark, the one fighting everybody.

thank you Naijaking1,
Clark the one fighting everybody for his own selfish,greedy interest.
the father of all militants (criminals).
Beaf my apologies for the mix up.

Beaf:
This argument (aside from being very faulty) is diversionery and does not address the issue at hand.
How do we save our country from straying into anarchy with the current seriously ill health of Yar Adua? What is the lawful thing to do?

If you really don't care where the next leader comes from, why start your argument by firing shots at the section of the country he comes from? . . .Easy ruse to see through, lets just call it "federal character".

one more thing, i am not of the school of thought that assumes that Jonathan is the next 'leader'.
i do not wish Yar Adua death as bad as he is.
i assume that both of them will go together and the nation will be saved from their ineptitude, cluelessness and gross inability.
on that basis the assumption of the bold phrase is wrong.

i used that as an example of how our leaders use 'federal character' and ethnicity to becloud the reasoning of the masses.
It is not a diversionary. i just picked a classic example.

on the issue of its faultiness, i welcome your divergent opinion.

The spokesman of the EFCC, Femi Babafemi, confirmed the arrest of the bank executives. He said the commission was alerted by the new management of the bank and quickly moved in to arrest the officers.

mode 9

Hugo crap.
using his country's resources to massage his communist inflated ego.

shot??
are you mallam Sanusi?

na importation dem go abi na holy pilgrimage?
Nigerians and their hustling spirit.
it is not restricted to those from the east.

1forall:
Being the Nigerian that I am, lemme ask you . . . how much dem pay u?

guy, i don't blame you.
the happenings in Nigeria are enough to breed cynicism in any sane person.

The Economic and Financial Crimes Commission (EFCC) on Tuesday afternoon arrested four executives of Intercontinental Bank as part of its probe into the financial misdeeds in the Nigerian banking sector.

They were arrested in connection with N12 billion, which was allegedly wired to the former managing director of the bank, Erastus Akingbola, last month.

Those arrested include Akin Fabunmi, financial controller; Ayoola Ayinde, head of international operations; Toyin Odesilo, head of domestic operations and Toyin Oyelade, head of treasury.

Tracing monies

"They at first moved N2bilion out of the general legal account into a subsidiary of the bank, then to a bureau de change and later changed it into pound sterling and paid it into Akingbola's personal domiciliary account where he can take the money," a source at the EFCC told NEXT.

"Next was the movement of N10billion into Akingbola's personal company and from there to Access Bank, where they used it to offset loans obtained by Akingbola and his company," the source said.

The source however refused to give the name of the company whose account was said to have been used to launder the money.

Akingbola at large

The spokesman of the EFCC, Femi Babafemi, confirmed the arrest of the bank executives. He said the commission was alerted by the new management of the bank and quickly moved in to arrest the officers.

"Yes, they have been arrested and are in our custody, we were alerted by the new management of the bank," he said.

Mr. Akingbola has been at large since he was removed as the managing director of the bank along with four other heads of banks whose institutions were said to be ailing by the Central Bank of Nigeria. He had since been declared wanted by the EFCC.

He has, however, through his lawyers, applied for a judicial review of his removal as chief executive of Intercontinental Bank and is asking for N50billion claim for damages allegedly due to his removal.

the people of the ND have been decieved into believing that the north is the cause of their underdevelopment.
their may be some truth in that but it is in no way the whole truth.
even the bit that has been allocated what did the likes of Alams, Timi Alaibe, Ibori, Odili, the akwa ibom man at NDDC, and even Jonathan do with it?
yet these crooks go to the creeks to confuse the hungry masses that resource control will free the ND from the clutches of the north.
big lie!!
they just in it for their own pockets. looking for ways to increase of the pie they steal from the oven.
when you see men like J.P. Clarke,Abiye Sekibo and Ibori parading as leaders of thought in the ND, you know that the era of thoughtlessness is upon us.

I don't care where YarAdua's successor comes from.
As long as he is a Nigerian and is an effective leader.

this whole argument about federal character gets my back up.
i do not care where the leaders come from.
all we ask for are competent men and women, who will do the right thing.
federal character is an euphemism for tribalism and ethnicity.
looting and stealing knows no tribe.
the barbarians that call themselves leaders find no problem crossing tribal and ethnic lines when they need to protect their interests as the thieving elite.
they only mouth ethnicity to deceive the masses.
if anyone needs to speak about abolishing federal character obviously not Babangida.
What did he do during his years of misrule to abolish it?