Dr Know:

Those calling for splitting Nigeria should learn from history:
[size=16pt]Splitting India in 1947 caused a breakdown of law and order in which at least 200,000 people died. Some estimates say one million people were killed.

About 12 million people were left homeless and thousands were despoiled.

An attempt by the Igbo people of south-eastern Nigeria to secede in 1967 sparked a war which left more than one million people dead[/size].

and you must stop learning selectively from history. kosovo just declared independence and nothing has happened

peope are already dying from the status squo so why the noise.

The antics of a Nation that chooses to live in denial

They have simply succeeded in further escalating this issue and making it a serious National debate.

PapaBrowne:

^^^^^^
Even Barack Obama sef get Godfather!!

who is obama's gf

Jonathan screwed his wife from the back yesterday and ordered all bodygaurds 100m away from him!!!!!!!!!!!

COUP SCARE?

Binna for Spin Doctor General

ndu_chucks:

Do you really believe that the decision to deny or withdraw licenses is solely made by the Governor of CBN? Do you actually believe that there will not be publicly announced parameters for obtaining these licences?

In the light of the fact that this same CBN Governor sacked bank CEOs without due process. I think denying people licences for whatever made up reasons is a lot easier

Are you aware that the USA, arguably the freest market economy, has thousands of regulations for conducting businesses and that virtually every industry is regulated? I'm not really following your reasoning.

Yes there are regulations in US and we also want regulations here but there is no world major economy phasing out Universal Banking. Ben Bernanke has not told anyone not to engage in Universal banking because of recession. neither has Mervin King. so where does Sanusi learn his own economics from?

If there is any shred of truth in what Binna is saying, there won't be any need to phase out UB licences.

All you will need are specialized licences for Financial Institutions who want to run specialized services.

I am of the view that it is possible to have These specialized institutions running alongside Universal Banks.

But what Sanusi is trying to do is to pick and choose for banks like UBA and Intercontinental what Business Interests they can pursue and what they can't. All he needs to do to achieve that is to deny them licences or withdraw certain licenses if they aready have them.

This is not monetry regulation, this is just the kind of behaviour you witness with dictators because they want to ration who gets what. Thats unacceptable because ours is a free market economy.

This is pure communism.

Jonathan should make a statement with the FCT Ministry and show he is bold.

He should appoint a Yoruba Man from Kwara as FCT Minister.

goodbye

slyfoxxjoe:

that once again proves my point that i dont have time like your jobless self, dustbin or no dustbin i dont give two fcuks, the thread aint doing anything 4 me, just posted it cuz i was bored punk

Based on your definition of being busy you should not be here at all. You are just a big and confused fool!!!!!!!!!!

slyfoxxjoe:

^^^ sharap! im a buzy man and dont spend all my life on nairaland like u, so what makes u think i got time to search 4 previous posts??

If you are busy at all you wont be here. You are just confused.

Guess what, Shekarau is plotting to be President of Nigeria.

Power Show: How Gov. Ibrahim Shekaru wields power over life and death in the name of "Sharia"
By sahara.r
Wed, 13 May 2009 | Print | E-Mail | PDF | Graphics Version
Nigeria News



Honoree fashion designer, Zainab Hamza
Years back, when the late Fela Anikulapo Kuti sang "Power Show", which became one of his famous tracks, little did he know that the phenomenon would be one of the recurring issues in contemporary Nigeria. Only a few days ago, Governor Ibrahim Sheakarau of Kano State bared his fangs as he stopped "City People magazine" from hosting a programme meant to honour one of the leading fashion designers in the state, Zainab Hamza.

Although it was an opportunity for Zainab to exhibit her latest collections, the event was stopped just as it was about to begin by agents of the state governor who threatened that the venue would be set "on fire" if the organisers did not pack up and leave.

The setting was the Royal Tropicana Hotel in Kano. The timing was about 8.00pm. Guests had started arriving as early as 7.00pm for the event which was already running behind schedule as the hall was already half filled.

The organizers had intended the programme to be the biggest fashion show in Kano and the talk of the town for months to come.

Earlier, and for over six hours, City People staff, in the company of lady Zainab, who is the daughter of a former military Governor, AVM Hamza Abdullahi, had been at the venue assessing the arrangements that had been made to ensure such an outcome. But it was a dream that never came true as agents of the governor arrived and made their intentions known.

City People, the organizers of the show, protested the fact that they had had six weeks of publicity and the guests were already arriving and that Shekaru and his agents could have given enough notice since they knew all along that the event was taking place. The organizers further pointed out that the honoree was an indigene of Kano who had held various fashion shows in the city, and who respected Sharia principles.

But Shekarau was not convinced. Calls were put through to top officials of the Nigerian police in the state. They initially claimed ignorance of the actions of the governor's agents. Later they gave a hint that if it had to do with Sharia, there was no way they would be involved as the local Sharia policemen, "Hisbah" as they are called, are a law unto themselves. The senior police officer even referred to the day’s newspapers where they had accused the Hisbah of disobeying court orders and of constituting a nuisance, stressing that there was no way anyone could win.
The

Organizers continued to plead, and to press buttons to see if anyone could appeal to the powerful governor. The hotel management disclosed that it was quite obvious that the hotel might have been targeted since a wedding reception was aborted there a few days prior. Some people also disclosed that the Hisbah, which is the Governor’s private army, have become a law unto themselves and that people hire them to bring vengeance on their opponents.

Kano's
Despite the drizzle that evening, the guests had to go leave in the rains as there was palpable tension. Some dangerous looking young men were already gathering near the Royal Tropicana premises, and nearby, and those who knew Kano feared that all was not well.

It was undoubtedly another wasted opportunity for Kano State which is gradually slipping into anarchy. A large number of the over three hundred guests who had arrived before the show was aborted were expatriates who claimed to have been bored stiff by the lack of social activities in the city. They all went home worried and disappointed.

Kano presents one of the few enigmas that Nigeria has become.

Such events as fashion shows, age-group meetings and social gatherings are frowned upon in the name of the Sharia. Unknown to many of those who are being used to fight these wars, the countries of the Middle East, where Sharia was the norm before it was introduced into Nigeria, allow for fashion events. Paradoxically, Kano practices Sharia, yet people freely display and drink alcohol on the streets.
 Stories abound of top government functionaries committing abominable acts like impregnating underaged girls and hurriedly marrying them or sending them abroad so that no one can confirm when they put to bed are common place here.

 According to United Nationsstatistics, six out of 10 youths in Kano have tasted hard drugs either in form of lizard excreta or gum solution and/or raw cocaine. The youths are bitter, they cannot direct their energies to anything productive because unemployment is high and there are no recreational facilities. Murdered popular cleric, Ja'afar Adam


The whole city is like a bomb waiting to explode yet, the governor, a former teacher who should know better, is priding himself at having achieved so much for the state.

We even gathered that he has begun surreptitious moves to campaign for the highest post in the land in order to transfer his human rights abuses at the State level to the national level.

Close to five Million Naira was spent in arranging the event that was aborted by Shekaru's private militia. This figure does not take into account the waste of time and resources of the guests and scouts, some of whom came all the way from Lagos to see how they could key in into the programme to make inroads into Kano for their businesses.

Movie maker, Hamisu
Efforts to speak to officials of the Kano State government for this story were rebuffed. Obviously, the Governor and his men are happy about the "success" in stopping the honour being given to a deserving indigene, but the people would always laugh last as in 2011they would have another opportunity to throw away leaders who swore to defend the Nigerian constitution yet have spent the last six years denigrating the same constitution and playing God.

It would be recalled that only recently, tension built up again in Kano over revelations on Saharareporters that a popular cleric, Sheikh Ja'afar Adam, was murdered by Shekarau and his agent. The governor has not denied the charge due to the overwhelming evidence provided in the story. Similarly, in another act of intolerance, the governor jailed Hamisu Lamido "Iyan-Tama", one of the pioneers of the Hausa film industry. Hamisu was arrested in May 2008 after his film, Tsintisya, was released. The actor was a 2007 gubernatorial candidate who was accused of not registering his company with the Kano State censorship board and for releasing the film in the state.

it will be nice to check what threads exist before posting one

Moderator pls close this thread

[size=18pt]Internet video: Muslims must rise up in Nigeria[/size]By JON GAMBRELL (AP) – 3 hours ago

LAGOS, Nigeria — A video posted on a militant Web site calls for Muslims in Nigeria to use "the sword and the spear" to rise up against Christians in Africa's most populous nation, according to a translation released Tuesday by a U.S. group that monitors militant sites.

The video on the Ansar al-Mujahideen forum, a Web site sympathetic to al-Qaida, comes in the wake of a series of religious massacres and riots in central Nigeria.

The video shows television news footage and graphic images of those killed as a narrator tells viewers "the solution is jihad in the cause of Allah," according to a translation provided by the SITE Intelligence Group.

"Negotiations, dialogues and protests will not stop the advancement of the enemies and their massacres," the narrator says. "Nothing will stop them but the sword and the spear."

The narrator also says the "crusader West" is interested in Nigeria for its abundant oil reserves. He refers to President Umaru Yar'Adua, a Muslim from northern Nigeria, as a "tyrant" who allowed the killing of a sect leader whose group's attacks on police stations and rioting left more than 700 people dead in July.

Nigeria's military ended fighting led by the group, known as Boko Haram, after seizing its leader. The group's name means "Western education is sacrilege" in the local Hausa language. The group's leader was later killed, and the army and police gave differing accounts of his capture that suggested that he may have died while in police custody.

The release of the 10-minute video comes after more than 200 people — mostly Christians — died last week in massacres in villages outside of the central Nigerian city of Jos. More than 300 people — mostly Muslims — died in January during rioting in the same region.

Nigeria, a country of 150 million people, is split almost evenly between Christians in its south and Muslim in its north. However, the nation has yet to see an al-Qaida-inspired terror group take hold inside its borders — despite others beginning to thrive in West Africa.

Libyan leader Moammar Gadhafi said nothing would stop Nigeria's ethnic violence except splitting the nation into Muslim and Christian states, Libya's official news agency reported Tuesday. Gadhafi told a group of African student leaders in Tripoli that the violence in Nigeria is a "deep-rooted conflict of a religious nature" that requires a radical solution.

In May 2003, Osama bin Laden purportedly urged Muslims in the country to rise up against one of the "regimes who are slaves of America."

Security forces claimed to break up such a linked terror cell in November 2007. Last year, a 23-year-old Nigerian who later claimed ties to al-Qaida attempted to detonate an explosive abroad a Christmas Day flight headed via Amsterdam to Detroit.

http://www.google.com/hostednews/ap/article/ALeqM5iNCU46VYMVf0VzhqkKJUus45PrDAD9EFTA680

Jarus:

He still ended honourably, to me. You can't force somebody to go into an area he doesn't like.

With that same principle u should not prevent businesses to diversify

Jarus you can choose who to argue with that is your business

But the facts are the facts. If the so called specialists are that special Customers will choose them over a one stop shop.

It should not be up to CBN to legislate on Banks encroaching in their territory.

I thought we were a free market economy?

[size=18pt]NIGERIA IS ONE BIG FAILED EXPERIMENT[/size]

18 platoon:

@oyb mend, obj just did that as a smokescreen, if obj really purged the army of northern officers where did all the COAS and all the GOCs came from, and now come and see rapid proms. abeg stop saying obj is anti north cos anything you obj did it was written on a paper for him to act beleive it or not.

OBJ is not anti-North. He is anti Hausa/Fulani hegemony.

Victor Malu, Matin Luthar Agwai, Luka Yusuf  . . . . .all these guys are minority Notherners (middle belt) who just want peace like the rest of us.

Trust me at this rate, there will be a new set of reforms to cancel Sanusi whenever he leaves.

You know who looses in such atmosphere of instability?

You and I.

Jarus:

Universal banking licence essentially permits you to go into any aspect of banking., basically commercial and investment banking. A GTB needs no special licence to establish Guaranty Trust Asset management Ltd, an Afribank needs no licence to have a subsidiary as Afri capital Ltd, a Zenith bank needs no licence to run a Zenith Capital Ltd, with consolidated reporting.

The terrains, and even the skills, depart markedly. The investment banking terrain is more volatile and require tighter regulatory supervision.
Pre-Universal banking, we had them separate. We had merchant and investment banks handling investment banking, and commercial banks doing their own business too. Until late 90s, investment banking in Nigeria was not that developed.

Universal banking, in the main, merges investment and commercial banking under a single licence. But it does not cover specialized financial institutions like Agric banks, industrial banks etc. So with or without universal banks, specialized financial institutions are not affected.

You still have not told me why we have to outlaw Universal Banking lisences. Why can we have both Universal Banks and licences for Specialist Financial Institutions. Such that both can co-exist in the economy just like in every other developed economies?

Fhemmy

Sharia Police in Kano is called the Hisbah. Its a Militia formed by Governor Shekarua to defend Sharia

Sharia as a state religion is illegal under the constitution of the Federal Republic of Nigeria.

Pennywise:

It is good to write and feel good abt these things.

FYI, the Nig army has two lingua franca-english and hausa.

The coup years of 1983-1998 witnessed a lot of transformation the NA where southerners were systematically ostracized. Our pple in the military are mere observers. The core Nigerian Military is in the hands of the hausa/fulanis. It will be suicidal to ignore this fact in any tactical-strategic calculation by the south

I don't know who your people are. OBJ systematically balanced the Nigerian Army in his 8years as President. The days when the Nigerian Army was an extension of Sokoto caliphate are gone.

Times have also changed because we in the South South have come to realise that the Igbos of the South East was never our problem.

The Yorubas have come to realise that the Hausa/Fulani are the problem

The Beroms and Lantangs in the middle belt are also tired of the Hausa/Fulani hegemony

So my brother times have changed. Hausa/Fulani has no military might.

Pennywise:

The UN modalities is a piece of paper. Lives of intelligent southern officers (who knew more abt these modalities than you and I) have been wasted with impunity.

The north took control of our economy through their military might which they still have. But things are beginning to unravel through deregulation. Fortunately we have the education, westernization, industry etc. With a strong economy we will be able to build a formidable military/arsenal.etc

That was 1967 - 69 Nigeria when the West thought on the advice of Britain that the ignorance and illiteracy of the North could exploited to enjoy the oil in the gulf of Guinea. Well times have changed.

The same West would not want to see Islamic terrorist wannabe control another important source of oil to the World.

Trust me their is no Northern Military might in Nigeria. Russia and UK simply gave support to where their interest lies and that was what won that war. Times have changed and Foreign Policy towards Nigeria is fast changing.

Jarus:

In addition to what okeymadu has said, the advent of universal banking made our banks become jacks of all trades. No more specialization. Every bank with universal banking license began to go into various areas of banking, which required specialized skills. Most of them went into investment banking, gave loans to their investment banking subsidiaries, invested heavily in stocks, when the stock market went on free fall, they lost billions, hitting the whole group. It goes on and on.

But like someone said, if universal banking is to be reversed, then the 25 billion capital base needs to be reviewed. Specialized banks don't need that much. This was the beginning of teh fall of IBTC. They obtained universal banking license without operating it(they remained investment banking institution). But by virtue of the fact that they had idle universal banking licence, they were captured by the 25 billion capital base, meaning they had to merge as well. The struggled to merge with Chartered bank and acquired Regent bank. They couldn't get their feet in commercial banking, they began to struggle. The man was left with no option tahnto sell teh bank to Standard bank of South Africa. Not even the coming of the continental giants has been able to help much as they still struggle in commercial banking.
This, I think, is why Atedo Peterside will never forgive Soludo.

Is it impossible to have specialized financial institutions working along side universal banks?

Must it be either or? if you asked me to choose between Banking in Nigeria 2005 - 2009 and before then I will choose 2004 - 2009.
I don't know why we have to destroy everything we build.

At this rate we are going to witness a situation where every 5years we will have new banking ideologies because at the rate we are going, whoever takes over from Sanusi will have to engage in a totally new sets of reform.

Pennywise:

The whole idea of Nigeria splitting evenly along christian/Moslem line is what idle southern elites frequently dream of. There is nothing in the Nigerian state as it exists that makes this a remote possibility now or in the forseable future.

To start with, the north has to be in agreement which means they will be prepared to give up access to the sea (and become landlocked).With the desert rapidly encroaching, that is mass suicide. Also of course they have to give up crude oil along with all the good things it brings.

Since the northerners are not ready for self annihilation any time soon maybe the south should take the initiative and enforce a separation - I mean we being at the recieving end of these freq violence and all that. Read take the war to them.The problem is who is going to fight the war. The south is hopelessly fragmented. They cant even manage what many will consider a low intensity guerilla war fare in their backyard.

The leaders are hopelessly greedy like Jim Nwobodo who openly addresses a national gathering in hausa (to the dismay and embarrassment of his kinsmen) just to curry favour with power brokers in the north. In short there is no leadership and no followership.

The north on the other hand apart from the small matter of the Nigerian military they have firmly in their grip, they are reasonably united, they can raise an army of 1million men over night with a promise of food by morning. Meanwhile the Igbo man is worried abt his goods somewhere and the Yoruba man is in the cybercafe looking for potential mugu. The ijaw man will fight only if you make a down payment of 40k with a promise of loot sharing.

Your line of thinking is the basis of this conflict. You talk about the wish of the North without talking about the wish of the South. There are UN modalities for country who want to break up. and the last time I checked the people of South also have a right to choose whether they want to continue in Nigeria or Not.

International concensus is beginning to shift on this issue. The Muslims have a choice, embrace a secular Nigeria or risk breakage and isolation.

Gekko:

go back and read his article.

his reforms is going to be in line with global practices and i think you should wait till they draw a framework before you prematurely draw conclusions.

I know whats available in global practice

Barclays, HSBC, Santandier, etc were not prevented from engaging in mortgage or insurance business because of the global recession.

By the way its been up to 8 months since the reforms started. I find it curious that you think I should still be waiting for the framework of about an 8 month old reform programme.

are we acting before planning here?

9jafreak:

Let's ask the right question guys:
[size=14pt]
WHAT HAPPENS NEXT?[/size]

A new Nigeria with an Islamic State right beside it - A haven for would-be terrorists and sympathizers of terrorism.

Now that's not looking pretty!

I don't think the right question is one crafted in fear

Nobody has monopoly of violence.

all we are saying is we have to stop living in denial.

akigbemaru:

You are so silly Ezeuche, if Nigeria splits today. Igbo will suffer most mark my words. You only have 27,000 kilometer square out of 921, 000 kilometer square land called Nigeria. If Nigeria splits today, do you think you can amass land in North or Western region? If you think so, that may be a grandiose of delusion or a figment of quixotic imagination. Plus, Hausa-Fulanis in Nasarawa and Benue will unleash the ugly mob on you people down the East, just because you abut land with them. It will all get started when Fulanis' cows foray for pastures and get poisoned by ibos, then you shall face the ugly wraths of Fulanis.
Then, when you talk, only limit your burdens to ibos, don’t include South South, they know you are just doing a lip service.  When you say Yorubas are coward, you may need to ask your fore-fathers, I know they would be glad to tell you truth. Of all empires in Africa, ask them about the strongest Oyo Empire. Thank you thank you!

Live all my Yoruba Muslims alone, we have gone beyond religions, look at Governor Fashola for instance, in December, you see how he beautified all Lagos and its environ with flamboyant Xmas tress and lights, that tells you we (Yorubas) have moved beyond religions. Likewise me, I want to see Sallah festival for life, rams’ fighting and free meat sharing, it’s a long age tradition and I love it.
I wonder how South East will be like after Nigeria disintegrates, remember we are in bipolar world, all you (ibos) phobia with anything Muslims will diminish your prosperity. Now, you chicken has come home to roast, your kids are now bearing, Mohamedchukwu, Kaduna ezeogwu, Musa Obichukwu, Salisu Ojukwu, Eze Hajia, you had better  killed all those folks before they bring Islam to your Biafran land.

you are a real hausa man who can't speak english

Gekko:

im no banker, but isn't he simply trying to separate banks that combine traditional commercial banking with high-risk investment banking to protect customers? isn't this what  triggered the recession in U.S?
I dont see whats islamic about it.

what is traditional banking? Intermediation
Is there any Bank in the developed world right now that does nothing but Intermediation. I don't know of one.

The money which people deposit on Bank will be used to finance other businesses to make profit, this is how Banks make the money they pay as interest to depositors. The Morgage companies will also need loans from Banks to finance Mortgages.
So the end result is the same thing except that Banks have simply been prevented from engaging in developing new Businesses.

Whatever you do their will be risk in Business. So we will see where are this noise of risk management wil take us. All Sanusi's policies are retrogressive.

He accused Banks of being too big and Bankers of being larger than life. Well now we have a CBN Over playing its hands, destroying the economy and banks and taking over the role of Banks in the economy.

After destroying Banks the CBN now want to finance Power projects on its own, NNPC is running abroad to seek loans, Dangote paid off his loans in Nigeria only to run to South Africa  to seek loans.

Slowly but surely Sanusi is killing our economy.