₦airaland Forum

I must confess this is a  nice ,thought provoking piece.

It is hearthening to see you state the obvious coincidences between  Sanusi's actions and the Vanguard report which is making it too difficult for some to trust Sanusi.

I for one have not based my doubts on any paper report (Vanguard or Business day), In fact I doubt if one needs a report to ask Sanusi to show fairness and respect for due process in carrying out his duties.

I do not need a VANGAURD  report to ask Sanusi  to soft pedal in this his quest to sell the banks even when further audits are ongoing in the 5 "indicted" banks  to ascertain their true value.

I do not  need a report to remind Sanusi that if and when the banks would be sold, it musts be by[b] collective agreement  between the SHAREHOLDERS,NDIC and the Board of  CBN and not the one-man show he seems to be running.[/b]

I do not need a Vanguard report to caution Sanusi that in an attempt to rubbish Soludo's tenure and blacklist it as a failed attempt at economic development of the nation, he is not only boxing himself, but also endangering  the entire economy.

I do not need a Vanguard report to remind Sanusi that the Job of  CBN governor is largely conservative where a single misguided utterance can cause serious setback to the Economy.

I will stop here for now.

I think this sanusi man needs some lessons in managing sensitive public offices like the CBN.

Even if his intentions were  honest, a wise man would refrain from certain utterances  like this that could generate controversy at this point in time.

nairakween:
Is it about corruption first? That will come later.
Its about CBN moving in to stop a cave in of banks that are big enough (thanks to consolidation) to bring all the others down with them.
Figures are available but we choose to close our eyes. I saw the wishy washy ads Cecelia ibrus lawyers have out. Scanning the Vangaurd piece in one and listing all the great things oceanic has done in the second. PUHLEASE, ARE THEY A PR FIRM OR ARE THEY LAWYERS! Quite franky if thats what they want to do in court then CBNs facts are real and its a shame. I expected to see statements, figures something beyond you are being selective blah blah blah.

Oceanic is your liquidity -26% Yes or No. Gosh we are doomed in this country. CBN is well within its rights. Thank goodness the other banks where not the foolish virgins.

Yes I do not believe oceanic lawyers are being smart in their approach so far , however we can still ask questions.

Was oceanic's statement for the period ending dec 2008 signed by the CBN if yes, then by how much did things change substantially between dec 2008 and may 2009 to warrant this approach by CBN? if the CBN says things changed   in five months could someone not argue too that between may and August when the CBN struck, things might have changed positively too.


In a "clean up" of this magnitude it is only fair to ask the CBN to place all the cards on the table.

If CBN explains that the five banks were  accounting for 90% of EDW and subsequently  interbank trading, but went ahead to audit ten and not just the five. Indicted the five and placed a warning of "border line/critical" on two of the seemingly "safe" banks, then will it not be fair to ask for the findings on the banks that are critical?.

Do the other five banks have bad loans,if yes who are these debtors or can the debtors walk free because the banks have not reached "collapse" point?

Do the other banks have margin loans ? if yes what are the figures?
How exposed are the other banks in the downstream oil and gas dealings

what is the CAR of the other 5 banks so far audited?

If 5 banks accounted for 90% of EDW, it arimethically leaves 10% for the other 19 banks so how come two of the first ten audited have critical/borderline status.

If poeple like Arisekola are showing on the list of bad debtors in the "bad" five banks, then can we know their dealings in FBN where they have substantial controlling influence?


Again why the rush to sell off these banks? The management  of the bank's have been removed but the boards are retained . So why is the CBN not working with the boards to get a new mangement team , and clean up the mess of the past without pursuing this option of selling the banks?

How does Atedo's statement so far engender the spirit of fairness by the CBN when ATEDO's bank is currently being audited?

nairakween:
[size=20pt][/size]YELSSS!!!!!


Agenda or no agenda (theres always an agenda)


Sell de demd banks if need be. Half of corporate americas owned by japanese and arabs. as a shareholder I need return for my investment. finish.

If dem sell bank all shareholders money don burn be that . The best the shareholders can get will be that the shares of the banks would be grossly undervalued. Oceanic shares fit come be like 70kobo

jacobs123:
I guess Sanusi's critics can refer to Atedo's comment as the South South Agenda.

Far from it my guy. Atedo is my Ijaw brother but we have to be honest. This his summary of Soludo's term is grossly unfair.

jacobs123:
Oga, this is not about education but character. Character is something many Nigerians do not understand. Atedo objected to the consolidation based on facts, he brought it to the open. he was over ruled by Soludo, went ahead with merging with Chartered. while other CEOs were thinking of how to become gods and displaying obscene wealth, he stayed true to his cause, merged with Stanbic which brought in capital, processes etc. ask your banker friends if they won't like to work for Stanbic.

Atedo was not the only one that opposed consolidation infact the voices against consolidation seemed louder than the consolidation proponents.


However even before Soludo, banking visionaries like Benard Longe of FBN in his plan for "The big One" stated the need to strenghten the capital Base of banks in the mould of Soludo's consolidation.

Now years after we all know that consolidation was the right thing at that time. Consolidation or not , we saw scores of corrupt CEOs in banking even before consolidation. If the bad loans and insider dealings are true then that is the problem , not consolidation.


The problem was weak oversight activities of the CBN and corrupt officials of the NSE/SEC that made the market look like pools staking.

I will support Sanusi's moves whenever I am convinced about his fairness and professionalism in always looking at the big picture and not a seeming "special script".

Jarus:
When the likes of Atedo Peterside or Fola Adeola talks, you listen.

London School of Economics-trained Atedo is the father of investment banking in Nigeria. He laid the foundation for what is now known to be a booming investment banking in Nigeria.

He has the whole economy in his head.
One of the most respected CEO in Nigeria.
Atedo endorsement is a major boost to Sanusi's reforms.

Oga why are we talking as if we are not  nigerians, so because its Atedo peterside he cannot be faulted? So the statement he just made you think will strenghten the confidence of foreigners in our banking system abi?

london sch of economics my foot. Is Atedo  more intelligent/schooled than Ebitimi Banigo(the godfather of banking) , havard trained guru, formost investment banker that ran All states trust bank aground?

All the investment banking talk by IBTC largely had to do with margin trading in the stock market .  When others got the trick , their(ibtc) profits thinned out massively , all the rest is history.

We have seen people like rufus giwa that was generally accepted as an  exceptional leader/industrialist until the veil was lifted and he left the scene in shame.

So oga I will appraise everyone's statement objectively and not based on  sentiments.

vigasimple:
Charlie boy, that your english na chief gringory alias 440 'we doesn't know' , becareful before you kill English so that they will not think you are 70 years old.

Old boy na true talk. Even your President is a YAR A'LIAR and those people make one feel sad of being a person with faith/religion as in christian or moslem because they lie and invoke the name of God or Allah, and swear on the Holy Bible or Holy Quaran.

FAILURE OF LEADERSHIP  is what we call it. Papa Deceiving Piking PDP Piking deceiving papa, equation is equal. until we have good leaders who are ready to lead by example, it will be merry go round of nonsense.

The truth is that most African  and most south americans  are age  cheats in sports.

If 29 players failed the test in nigeria, then you can be sure more will fail in Ghana . I remember DANIEL ADDO the "free aged"  Ghanian that started and ended his playing career at age group level.  Yaw preko was once acclaimed the most gifted 15yr old in the world , if only europeans knew his real age then , the story would have been far different. Do we talk of julius aghaowa etc

Have you not heard samuel peters age on paper?

But if we must tell ourselves the truth, this is not only a problem of politicians or footballers. Go to the civil service and see that you are on paper older than your boss , who is old enough to father you.

The private sector is not exempt , age falsification by even "devout" christians plenty.  na today?

I have a younger brother whose real age was a few months older than the requirement for a particular placement. I discovered that I was a lone voice trying to discourage him from doing a fresh affidavit.

Its not a leadership problem. Its a nigerian problem which will remain even if we split the country into 20 parts.

oyb:
yeah poison to the book cookers

Nice one   .

But lets get serious if this  Atedo's summary is a reflection of sanusi's take on  soludo's tenure then I see problem. Simply because its too narrow.


I will never support book cookers, however let the procedure for determining that be clean in itself. You dont fight illegality with  illegality.

If the findings later show that no special audit was really carried out , then sanusi would still be guilty of cooking "audit findings" even if the sacked CEOs have not been clean.

Also what   message does it pass to neutral's when the "unbiased umpire" (CBN)  now has an image maker in the  chairman of one of the banks currently being audited? Abeg make we talk true na.

Ibime:
GBAM!!!

Sanusi is a breath of fresh air!

bros na poisonous air be sanusi o

With this kind of endosement I think SLS will quickly order his boys to stop any form of audit for Atedo's bank They have passed 100% abi I lie?

But jokes apart we know that Soludo's approach had its drawbacks, but is it not rather painful that Atedo would summarise Soludo's tenure this narrowly. TOO BAD.

If they expect this statement to reinforce the confidence of foreigners in our financial system then they must be joking. While the statement might be helping to accomplish what Sanusi and his ilk want. It also helping achieve what they dont want.

Lets open our eyes and see, they are actually nailing the coffin of the 5 banks and diminishing the credibilty of the banking system generally.

I fear fear.

biina:
so the determination of cooked books is now a judiciary matter? It is now lawyers (and not the CBN) that would determine if a bank's books are in order or if loans are being reported erroneously.
The management were found guilty of sharp practices by the CBN, hence their removal. It is not a judiciary matter.

Dis bina guy u dey try for sanusi well well o. I fear u I swear.

First I want you to know that some of us opposed to sanusi's acts so far do not have anything personal against him. I for one do not have any special sympathy for the sacked CEO's either.

Yes the determination of cooked books is not a judicial matter, however I hope you are not saying that there are'nt procedures for doing so. It is purely lawlessness for the CBN to feel that whatever they do or say cannot be appraised on the basis of fairness and norms of such oversight functions worldwide. In accounting even meagre issues like depreciation can lead to serious debates amongst professionals , not to talk of determination of loan status.

The point is a even if the sacked CEOs are guilty (though i feel almost all bank CEOs in nigeria  are), a poorly executed task by the CBN will leave the financial system weaker and everybody suffers. Then even the  CBN will have serious credibilty battle on its hands.

I will not call for the removal of sanusi just for this seeming error , however no matter how honest his intentions are , it will take require a glaring rape of fairness for the courts to uphold his actions.

Dis Guy:
What I'd like to know from the economist and bankers are

Why are the banks or some of the bank so much against uniform year end report

May be the same reason why CBN is against uniform audit. They know there will be deadlock , because if they publish all otedola's/dangote etc bad loans in all banks they will not be able to collect from "peter" to pay "paul" again.

People will know the whole truth and the emptiness of the economy will come to the fore.

What i find difficult is, if the CBN found out that these 5 banks were ditressed, why then did it run an audit for the 10  banks and not the five or all 24 banks? My answer simply is that sanusi  just needed to add 5 other banks to make it look like an audit when in the real sense conclusions were made on his preconceptions even before he became CBN governor. Secondly he did not make it an audit of 24 banks because it will be easy for people to do per comparison and see where he has faltered.

I hear some say since Sanusi was an insider as MD of FBN he probably knew where the problem is and he attacked immediately. If that is the case he should have told us that he used his general understanding of the system  instead of feigning a proper audit.

One of the pro-sanusi post even argue that in the case of oceanic , the report signed by CBN was as at DEC 2008 and the CBN special audit was for MAY 2009. So if the CBN claims that the problems in these banks has been for eleven months and it signed a report on  14th JULY 2009( well into the audit exercise) and sacked the MDs in august, and people still see nothing wrong , then we have a problem.

The CBN has had its staff resident permanently in all banks since the beginning of the year, and at the end of every finacial year, audits the books of banks specially  before signing the report.  So what is sanusi saying?

The CBN has doctored the list of bad loans for these banks to evade questions becuase like in Union bank a lot of government agencies are culpable. No one is asking questions.

The issues have now graduated from liquidity ,bad loans, to share price manipulation, other forms of abuse etc and now CBN planned sale of the banks.

Although the degree varies but I can tell you  that there is hardly any  bank in this country whose management will not be found wanting for this same vices if a fair audit is conducted. Yes I mean even the FBNs of this world. This is due largely to the poor regulatory framework of agencies like CBN,SEC,NDIC.  So do an audit of all the banks and show us the entire result including the bad loans in the banks that "passed".

As for intercontinental bank , we all know that there may have been bad management decisions like minimum deposit,hidden charges etc. However it is wrong to judge that solely  as a sign of distress . reports from intercontinental bank suggest that FBN of which sanusi was MD was largely responsible for the run on the bank early this year with the demarketing stuff.  

Now why is the CBN in such a hurry to sell these banks. abeg make we open our eyes.

fyneguy:
Fhemmy

It would be foolhardy of Sanusi to wait. Erastus and co had friends in CBN who would continue to hint them of every move. Erastus, for one, already had premonitions of what was coming. He started lobbying around, trying to checkmate CBN's moves.

Besides, if you wasted more time, these guys would tamper with evidences and stuffs in the system.

The same reason applies to the issue of ''giving them fair hearing''. If the audit team disclosed their findings to the banks' managements in form of queries etc, it would give these mismanagers leeway to distort records and also frustrate CBN's actions.

So you mean CBN will justify this rash behavior  in court by the explanation you have given?

I laugh ,  hmmmm

Do we have any organisation(not just bank infact even church ) in this country where forensic audits of this magintude will be carried out without

opening a can of worms. I mean why not threat all the banks same way instead of isolating a few? If in a class of 24 students a teacher gives 10 students a

test, mark the scripts and release the results. Then come later to organise test of the other 14, will he set same question for the other 14 if yes will the

14 not have had undue advantage in preparing for the test?. If he sets a different question can we still say the test is a fair means of calibrating the students?

QUSETIONS I HAVE FOR SANUSI

looking at the scenario I am tempted to ask questions on the sincerity of Sanusi , if his actions have been guided totally by professional expediency ,prejudice or " a special script".

1. If 5 banks accounted for 85% of the EDW , then why audit 10 and not just the 5 or the entire 24?. Ok if the results of the other 14 will be released soon then why the rush? May be 3 weeks pose much more danger than the 11 months that the CBN claim to have been experiencing this trend.

2.Are bad loans are common to these banks alone , is the CBN saying that the owners of bad loans in the banks that "passed" the "test" can walk free. Why not publish the bad loans in all the banks audited for us to know how good or bad things are?

3. When the CBN found this problems from its investigations did it refer to the banks officially for some clarification? Would the findings not pass for a an audit query which should graduate into a full audit report before actions like this are taken? I have seen cases where there is so much difference between an audit query and an audit report.

4. Is it true that when CAR drops below the expected level, the CBN is expected to inform the banks concerned and give them a time frame to balance things out before sanctions can be given?

4.Is it true that the CBN signed the annual report of the oceanic bank for the last financial year where 41 billion provision was made for bad loans and came a few days later to remove the management? would it not mean that it is either the findings are wrong or the report they signed was wrong? If so was the CBN in itself doing due dilligence in its oversight functions?

5. If the CBN acted on May data could it be that there have been substantial changes in the banks that would have changed the status of the data upon which the CBN's action is based?

6.If the CBN through the EFCC can go after the bad debtors in this jungle style, how is it differet from what intercontinental bank in an open letter was asking the president to do?

7. Why is the CBN/FG so hasty in getting buyers for this banks when a recovery to the tune of 30% would stabilise the banks?

8. Do we have any organisation(not just bank infact even church ) in this country where forensic audits of this magintude will be carried out without opening a can of worms. I mean why not threat all the banks same way instead of isolating a few? If in a class of 24 students a teacher gives 10 students a test, mark the scripts and release the results. Then come later to organise test of the other 14, will he set same question for the other 14 if yes will the 14 not have had undue advantage in preparing for the test?. If he sets a different question can we still say the test is a fair means of calibrating the students?

9. Is the CBN and EFCC feigning ignorance that the amount the debtors are paying back to the 5 banks are monies collected from other banks thereby transfering the liability and further weakening the system?

QUSETIONS I HAVE FOR SANUSI

looking at the scenario I am tempted to ask questions on the sincerity of Sanusi , if his actions have been guided totally by professional expediency ,prejudice or " a special script".

1. If 5 banks accounted for 85% of the EDW , then why audit 10 and not just the 5 or the entire 24?. Ok if the results of the other 14 will be released soon then why the rush? May be 3 weeks pose much more danger than the 11 months that the CBN claim to have been experiencing this trend.

2.Are bad loans are common to these banks alone , is the CBN saying that the owners of bad loans in the banks that "passed" the "test" can walk free. Why not publish the bad loans in all the banks audited for us to know how good or bad things are?

3. When the CBN found this problems from its investigations did it refer to the banks officially for some clarification? Would the findings not pass for a an audit query which should graduate into a full audit report before actions like this are taken? I have seen cases where there is so much difference between an audit query and an audit report.

4. Is it true that when CAR drops below the expected level, the CBN is expected to inform the banks concerned and give them a time frame to balance things out before sanctions can be given?

4.Is it true that the CBN signed the annual report of the oceanic bank for the last financial year where 41 billion provision was made for bad loans and came a few days later to remove the management? would it not mean that it is either the findings are wrong or the report they signed was wrong? If so was the CBN in itself doing due dilligence in its oversight functions?

5. If the CBN acted on May data could it be that there have been substantial changes in the banks that would have changed the status of the data upon which the CBN's action is based?

6.If the CBN through the EFCC can go after the bad debtors in this jungle style, how is it differet from what intercontinental bank in an open letter was asking the president to do?

7. Why is the CBN/FG so hasty in getting buyers for this banks when a recovery to the tune of 30% would stabilise the banks?

8. Do we have any organisation(not just bank infact even church ) in this country where forensic audits of this magintude will be carried out without opening a can of worms. I mean why not threat all the banks same way instead of isolating a few? If in a class of 24 students a teacher gives 10 students a test, mark the scripts and release the results. Then come later to organise test of the other 14, will he set same question for the other 14 if yes will the 14 not have had undue advantage in preparing for the test?. If he sets a different question can we still say the test is a fair means of calibrating the students?

9. Is the CBN and EFCC feigning ignorance that the amount the debtors are paying back to the 5 banks are monies collected from other banks thereby transfering the liability and further weakening the system?

QUSETIONS I HAVE FOR SANUSI

looking at the scenario I am tempted to ask questions on the sincerity of Sanusi , if his actions have been guided totally by professional expediency ,prejudice or " a special script".

1. If 5 banks accounted for 85% of the EDW , then why audit 10 and not just the 5 or the entire 24?. Ok if the results of the other 14 will be released soon then why the rush? May be 3 weeks pose much more danger than the 11 months that the CBN claim to have been experiencing this trend.

2.Are bad loans are common to these banks alone , is the CBN saying that the owners of bad loans in the banks that "passed" the "test" can walk free. Why not publish the bad loans in all the banks audited for us to know how good or bad things are?

3. When the CBN found this problems from its investigations did it refer to the banks officially for some clarification? Would the findings not pass for a an audit query which should graduate into a full audit report before actions like this are taken? I have seen cases where there is so much difference between an audit query and an audit report.

4. Is it true that when CAR drops below the expected level, the CBN is expected to inform the banks concerned and give them a time frame to balance things out before sanctions can be given?

4.Is it true that the CBN signed the annual report of the oceanic bank for the last financial year where 41 billion provision was made for bad loans and came a few days later to remove the management? would it not mean that it is either the findings are wrong or the report they signed was wrong? If so was the CBN in itself doing due dilligence in its oversight functions?

5. If the CBN acted on May data could it be that there have been substantial changes in the banks that would have changed the status of the data upon which the CBN's action is based?

6.If the CBN through the EFCC can go after the bad debtors in this jungle style, how is it differet from what intercontinental bank in an open letter was asking the president to do?

7. Why is the CBN/FG so hasty in getting buyers for this banks when a recovery to the tune of 30% would stabilise the banks?

8. Do we have any organisation(not just bank infact even church ) in this country where forensic audits of this magintude will be carried out without opening a can of worms. I mean why not threat all the banks same way instead of isolating a few? If in a class of 24 students a teacher gives 10 students a test, mark the scripts and release the results. Then come later to organise test of the other 14, will he set same question for the other 14 if yes will the 14 not have had undue advantage in preparing for the test?. If he sets a different question can we still say the test is a fair means of calibrating the students?

9. Is the CBN and EFCC feigning ignorance that the amount the debtors are paying back to the 5 banks are monies collected from other banks thereby transfering the liability and further weakening the system?

someone should please advice lamido to keep this his rascality in nigeria where such thrive and not do more damage by any roadshow abroad.

I am confident that in trying to justify his recent action this man's unguided utterances will further affect the image of the financial sector in a negative sense if  he goes for this roadshow.

wirinet:
2. from CBN's fiqures, it is these five banks that is putting the most pressure on CBN's expanded discount window (85%), so it is logical to assumed that they are the worst managed banks.

From sanusi's statement they found out that these five banks were responsible for 85% of transactions on EDW and subsequently Interbank which  prompted the audit. My question is if the CBN is sincere about this , why did they not audit the five banks alone and tell us that they failed.

Instead they added 5 other banks and made it 10 to conceal their intent. They set the scores of these banks  even before setting the question.

If bad loans and insider trading and abuse are used as parameters to judge our 25 banks , less than 40% will pass the test, so why isolate these 5 alone.

Now the EFCC  is going after the debtors of the 5 banks as if even FBN does not have bad loans. If it is a war against bad loan takers , then let us see the nationwide stats of bad loans and the individuals involved so that we can have a holistic solution to the entire problem.

Can the CBN and EFCC feign ignorance to the fact that the few of the debtors that are paying back are most likely doing so with monies they collected from other banks that are not under CBN'S radar?

Me self be militant o. I want job for NLNG too . Or else ,

babapupa:
Financial mess
•How Nigeria was looted blind
•N17tr stolen in one year
By VINCENT UKONG KALU(vin@sunnwsonline.com)
Saturday, August 22, 2009
Mrs. Farida Waziri
Photo: The Sun Publishing
More Stories on This Section

Recently, the Director of United Nations Office on Drugs and Crimes (UNODC), Tim Daniel, revealed that Nigeria loses $110 billion annually to treasury looting. According to him, the country cannot boast of tremendous development because of the large amount of money being siphoned out of government and taken outside the country.

This is the biggest lie of the century.

We know our leaders are corrupt but the total revenue without leakages(if possible) does not come close to this amount. Sun newspapers are known for sensational falsehood as this.

In our secondary school days concord newspaper was leading this form of reporting to promote sales.

Please let someone advice soludo not to speak please. Let sanusi and his ilk implement their script completely. Then he can speak and I believe Nigerians will appreciate him more. If he speaks now, they will do everything to silence him forever.

I can swear that a bank like unity bank will fall far short of the standard if properly audited. Northern governors have milked it dry . But sanusi has done the job he was sent to do. He seems now to be saying he will not sack anymore CEOs.

Somebody say prejudice.

@nex.

Very good point man.

I have not failed to state that Sanusi did a job intended for general good in a poor manner. My point here is that the intent is most likely right but the procedure is flawed and that leaves sufficient holes for these men to go free. That in itself will leave the entire economy very vulnerable as the CBN will then have serious credibilty battle on its hands. People in the end will not trust the banks neither will they trust the CBN. Did someone say chaos. something like that.

The CBN only came to state this morning that the loan status they used is as at may this year. Oceanic bank's financials was  approved just about 4wks ago where they made provisions to the tune of 40billion. The CBN had every power not to approve that result then , but it was signed. To my mind it is either the CBN approved a wrong result or used a wrong process to audit the banks thereafter. inconsistency.

Secondly in audit process , an audit query can be far different from an audit report. The query which embody the findings of the audit team must be made available to the auditee to respond, after which the auditor may accept the response or not. This was surely not done. The board of CBN sat on an audit query and took decisions on that.

While  audit is ongoing in the 14 banks and some further investigation into the 5 indicted banks , the CBN has already invited bids for the five banks.
Can the CBN categorically tell the actual worth of these banks when the audit and loan repayment process is ongoing?
Is it not looking rather hasty to move this fast in less than 7 days?

Lets give everyone a fair chance  and let law take its due course.

davidif:
What?!?!?!? the bible said that man was not made to be alone, that is why he created a partner for him named Eve, geez, naija people sha.

Thank you. Even Abraham run things after the death of sarah till age 165 .

z-murda:
Information reaching me just now said it was the RCCG jet,

ehhhh , you don win eehhhhh

seven gbosa for you

igeakanmu:
i know him, but i thought he has the heart of a lion, bold and courageous. what happended?

You try , heart of lion ko heart of lion ni.

If not for her slow speed even cecilia for don bail comot for country. Does that make them guilty? far from it. Mko won an election and still ran out of the country.

Na small pickin for dis country you go tell say once you are innocent you must face the battle headlong and  not retreat to strategise.

At the moment EFCC is continuing with their investigations and he has gone as far as challenging his removal in court. What more can you ask for?

I will keep repeating myself that Sanusi has prosecuted a good job badly. It will take massive subversion of court process for his actions to be upheld in court.

lets wait and see

make una leave OBJ alone jare. Him try say the woman him go for.

If na our Aboki bros na the 20yr old daughter him for go for.

Right message, but wrong messenger.

Beaf:
I have said it from the very beginning that the whole approach was wrong. Handling the financial sector in this new age of "investor confidence" is a job for people who are cool headed diplomats that can see issues through several facets. [/quote

Na Boko haram approach the guy use

Utaroz:
An ex minister like Chief Nwodo understands the full implication of his statements.

Thank you.

I remember when in 1999 as minister of information he had a meeting with captains of industries.During the question and answer session , he seriously chastised Atedo Peterside on security grounds for his question on the mass killings in kaiama during the declaration. I would therefore expect that he should know better than what he just said.

It could also be that he wants soldiers to come back because the last time I remember him on the national scene was in a military government.