N100m Donation: Falana Calls For Sanction Against Sanusi - Politics - Nairaland
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Osoba Group Disowns Falae Over N100m Donation-the Vanguard / Falana Calls For Buratai's Arrest / Ohanaeze Queries Cbn’s N100m Donation To Boko Haram Victims (2) (3) (4)
| N100m Donation: Falana Calls For Sanction Against Sanusi by koruji(m): 4:08am On Feb 13, 2012 |
Here is our story. Akpabio, the governor of Akwa Ibom State, made a N40 million donation to the victims of the Xmas day bombings. Hence the governor of the 37th Nigerian state, officially known as the CBN, cannot be outdone - N100 million to the victim of the most recent Kano blasts. Considering that some of the governors of the northern states have being compensating "some" victims of Boko Haram in their domain for a while why is Sanusi jumping in the fray now. The other day, he boldly picked up the role of spokesman for Boko Haram by explaining their evil deeds as linked to oil revenue allocation - not minding that BH itself has cursed out anyone who suggests that they are fighting over such mundane issues as resource controls. SLS definitely has an agenda, we are just not clear what that agenda is at the present time. No structure, no direction, everyone who finds himself in some position of power directs the resources of the nation to his own vested interests. http://www.thenationonlineng.net/2011/index.php/news-update/36637-n100m-donation-falana-calls-for-sanction-against-sanusi.html |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by Pukkah: 6:36am On Feb 13, 2012 |
Nothing that Sanusi does will come to me as a surprise. He's as audacious and as tactless as they come. I hope it won't be too late by the time the real Sanusi is finally unveiled. When it's convenient, this is one of those that say that we should leave resource allocation or the price system to the laws of demand and supply. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by hercules07: 9:46am On Feb 13, 2012 |
When Sanusi was giving southern universities money, Falana did not call for sanctions, now that he has done something for victims of a terrorist attack he should be sanctioned, Falana is a good man but he should not allow his emotions to cloud his judgement, what Sanusi has done is the humane thing to do, the yorubas have a saying that Charity begins at home, Ile la ti n ko eso rode. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by houvest: 10:39am On Feb 13, 2012 |
Sack Sanusi already. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by Mogidi: 11:04am On Feb 13, 2012 |
hercules07: Next time tell him to use his own money, whilst using govt money Falana has every right to critisize the CBN chieftain. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by kpogede77: 12:20pm On Feb 13, 2012 |
Because Boko Haram miscalculated and attack a police formation dominated by their Muslim brothers, more northerners died in the attack, Boko Lamido Sanusi was quick to use our oil money to pay them compensation, when only Igbos where killed in Catholic church madalla, mubbi, Yobe and other parts of Arewa Republic, Sanusi did not deem it fit to donate money to them. As a true Muslim, he shouldn't use his position to help infidel southerners. He should use his position to help Muslims and fight jihad. I see him as the central bank governor of Arewa republic. He has created the Islamic bank already, I cant wait for him to relocate to where he belong. ISLAMIC BANK OF AREWA REPUBLIC. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by kunlekunle: 12:41pm On Feb 13, 2012 |
watch the islamic banking. it will crash the masses purse in the south the old lord lugard's reason for amalgamation. the south will finance the north |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by andyanders: 12:50pm On Feb 13, 2012 |
Sanusi is part of BH because of his utterances and actions. He already floated Islamic banking in Kano. He should be removed from the Apex Bank as he is a fanatic and I believe he must be involved in most of BH actions. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by Beaf1: 12:50pm On Feb 13, 2012 |
^^ Watch out for Islamic Airports et al @topic Atleast Sanusi used that tax payers money to make donations to the same tax payers. GEJ will use that same money to throw a "surprised" birthday party for urgly wife in Australia or use it to pay useless 32 aides. James Ibori will make sure it is 100Billion before running overseas to buy estates Obasanjo will deceive us that those billions are spent on power Falana Falana Falana Amongst the four above who should be called to order  Aboki haters 1 Like |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by ekwynwa: 12:54pm On Feb 13, 2012 |
kpogede77: SLS really goofed, no amount of image laundering can save his bigot azzzzz |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by Nobody: 12:56pm On Feb 13, 2012 |
My question is, does the CBN Governor have much authority to donate monies that much? 1 Like |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by Basics007: 1:02pm On Feb 13, 2012 |
Seriously SLS needs a change of orientation in both his actions and speech. He's turnin to the most controversial CBN governor i know. I shudder each time i remember his speech concerning Yorubas as being the problem of Nigeria. There seems to be a very sinister personalty lurking in that chinese suit |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by andyanders: 1:05pm On Feb 13, 2012 |
Sanusi is BH financier period.Basta-rd |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by 9javoice1(m): 1:10pm On Feb 13, 2012 |
Quote All thanks to mr.kayode falana. truth is truth my people no mater whom it favors at the moment. SLS is treading on a dangerouse zone but his speriority complex(born to rule) still in his advantage for now. lets face it folks, if SLS is a yoruba and such happen in osun, will he attempt giving national money to his them without a national out cry of tribalism. talk more of when he is an igbo and gives such money out to his igbo state. by now the two would be on their way home. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by gazilion: 1:27pm On Feb 13, 2012 |
SANUSI IS AN ANTI-CHRIST !![size=20pt][/size] |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by jpphilips(m): 1:30pm On Feb 13, 2012 |
Sanusi the Economic Magician One big problem of Nigerians is our inability to scrutinize people’s pedigree. Look at president Jonathan for instance, this is a man with zero success story as both deputy and Gov. of bayelsa state, zero success story as both vice and acting president yet Nigerians delude themselves he is the messiah even when it was clear that unscrupulous people were donating to his campaign, we still believed he will take us to the promised land on luck. Let us talk about this mystic economic team Jonathan put together, who are these people? I for one have no bias against any public official in which ever capacity but I have zero tolerance for incompetence. Has sanusi’s economic model ever worked in this country? Which economic school of thought does he belong to and what is his mission in this country? I asked this because I am an ardent follower of events in our economic sphere and have never been shy to put Sanusi’s parlance and pragmatism of economic solutions to a test, but as I speak, sanusi’s economic agenda eludes me. This is a man who inherited a banking sector which according to Business day 2006 edition averred that “for every five Nigerians with a good job, three are bankers”. Today, we have a Sanusi who in his usual voodoo economic jingoism has created more unemployment and inefficiency in the banking sector than the military junta. Who is this man Sanusi? In the words of his predecessor who consolidated these banks, “the banks were more financially robust” and doing bigger business but along the line something happened. There was partial deregulation and the cost of diesel went all time high and very scarce, some of those companies who took loans from the banks were running high over head cost and couldn’t survive the tsunami of events that followed, Job cuts, and eventual closure was the case. During the last days of chukwuma soludo, the businesses were already down so no way to repay the bank loans. The banks were stranded but soludo applied wisdom, in his words ‘’ decision making in the banking system must carry the instrument of perception along’’ and that was exactly what he did, he quickly created an EDW whereby the near distressed banks could quietly access Govt. loans to revive their institutions hoping to keep people’s confidence in tact while the banks gradually recover. Here comes our Sanusi with his usual economic parlance and political jingoism. Destroyed the first instrument of perception which soludo fought so hard to preserve by coming on National television to announce that those banks are not healthy. Till date, we lost one of the most viable sectors of this economy; we lost meaningful employments and international confidence in our banking institutions in its entity, thanks to Sanusi’s voodoo economic theories and mystic economic solutions. I ask again; who is this Man Sanusi and his mission in this country? I leave you to be the judge of preceding events from Sanusi’s actions. After consulting his economic oracle, he boldly told Nigerians that the way forward is to bail out the banks (which he destroyed) and SME’s (small and medium scale enterprise) hoping that they will bounce back in business to repay the bank loans. Till date, Sanusi has not given Nigerians the progress report of those bailed out banks and SME’s especially those in the textile business. Today, by throwing his weight behind full deregulation in the downstream sector simply tells me that Sanusi’s witch doctor did not tell him exactly which economic formula destroyed his banks. Perhaps he thought that his SME ‘’palliative’’ was good enough for miserable Nigerians who don’t mind trading a permanent position job for a contract job which was what his SME’s were offering or rather, our employments for underemployment. This is a man that ignores the basic on ground economic theories that work in the country for some mystic economic solutions. That begs the question; should you deregulate fully the downstream sector, what becomes of those SME’s and how do they repay the loans you gave to them considering that energy cost and inflation will triple their over head cost? Or has his voodoo economic solution already categorized them as mere collateral damage in his economic reform agenda? Let us analyze some of sanusi’s Hennessey inspired economic formulae. First he said that by withdrawing subsidy they have destroyed corruption and broken the financial bones of the ‘’cabal’’ benefitting from this subsidy regime, is this really true? If the landing cost of PMS is about 110naira and government’s inefficiency bloats it to 141naira (ofcourse, storage,transportation,deumurrage etc as enshrined into the subsidy are all Govts ineptitude). “Citeris paribus” under the subsidy program, a marketer earns 110-65 (ie if ideally Govt clean their mess) And without subsidy, a marketer makes 220,180,165-110 who exactly did this economic magician break their finances? Because what I see in my economics kwashiorkor is Govt transferring the burden of import deficit to the people not the marketers losing money like sanusi claims. Secondly, his liquor economics made him believe that he will save money in the face of spiral inflation, and went ahead to justify the inflation saying it is by a little fraction not more than 10% increase, lol. What indices did this acclaimed “pundit” use in measuring this? In an economy without a functional price regulatory agency and a comatose standard organization with shabby police officers? In an economy where everybody is his own LGA and can fix rates with impunity? What drives this man’s economic sagacity? Witch craft? Thirdly, Sanusi is consistently lying to Nigerians that an increase in pump price will attract investors to build refineries; this is the verge where I think sanusi should go back to school. SLS is not enlightened enough to understand why there was an exodus of indigenous American companies between 1998 to 2008 to Asia and Africa, reason; COST OF DOING BUISNESS or better put, UNFAVOURABLE BUISNESS CLIMATE. With unfavorable tax laws, incessant labor wage reviews and land acquisition challenges, most companies couldn’t survive and they left US en masse conversely, land grab in Africa and cheap labor in Asia became viable alternatives. Today, a drunk CBN governor in his usual rhetoric, capitalizing on the chasm of academic deficiency of average Nigerians is proposing that increase in pump price which will directly translate to high energy cost (in a generator driven economy), spiral inflation and high cost of labor will attract foreign investors to build refineries. Is it not ridiculous? What kind of voodoo economic theory is that? sanusi quickly forgot to tell Nigerians that their existing refineries even at a disappointing output is subsidized. Mr Sanusi should have asked himself, when we deregulated diesel, did we attract heavy duty companies, diesel refineries and why? According to his business model, I was expecting that after the deregulation of diesel, we would have had companies like CAT,Ingersollrand,Volvo,Ebara,bosh,Groove,Capco etc even refineries enhanced to produce more of Diesel with limited petroleum by products relocating their plants to Nigeria to benefit from our diesel profitable market. But in reality, that wasn’t the case and i will explain why; Take shell for example, the presence of SPDC in portharcourt has given rise to a plethora of servicing companies rendering one or two services to shell and that is how it works. These servicing companies are equally employers of labor. Does sanusi think that the refining companies will be servicing themselves? Is that possible? When you destroy the business environment for these smaller servicing companies to thrive, how exactly do you want the refining companies to thrive? For the few that will survive, at what cost will they render their services? Shouldn’t the investors consider these in their feasibility studies? How will they cope? If at all it works, most components and services are definitely going to be outsourced to neighboring countries creating jobs for Ghanaians and Nigerians than Nigeria. Some servicing companies will rather relocate to nearby countries and leave skeletal operations here in Nigeria just to stay in business; sanusi will end up exporting services elsewhere. I am deeply ashamed and embarrassed at the caliber of people that take decisions for this nation. I say it for the umpteenth time; we don’t need to create problems to solve problems, what we need is to ensure that Nigeria has cheaper oil on ground, that will attract investors as against sanusi’s high pump price economic theory which will breed inflation and closure of smaller companies. The IOC’s (international oil companies) operating in Nigeria has told us that it takes less than 12 usd to extract 1bbl of our crude oil. Why is sanusi not thinking of creating a solution from that angle? if NPDC can guarantee us just 150,000bbl/d of this cheap crude at less than 12usd, the market will be attractive, add refining cost and other cost to push it to about 22usd/bbl a pms of 30naira per litre will be achievable from these refineries and inflation will reduce by over 40%.leaving us with a plethora of servicing companies which will translate to more jobs. Is this too much for Madueke and Sanusi to sit and figure out? Other than their inflation marred solution. Lastly Sanusi lied that the subsidy reinjection fund will be used to build refineries; I can’t help but pity his unrealistic mystic economic solutions. How much is the FG’s cut in the SURE fund? Less than 600billion, what kind of refinery will that build? I hope sanusi is not confusing refineries for fuel dispensing stations or are we heading for another IMF/world bank debt burden? I don’t just get it. Where will this SURE funding appear from? I didn’t see it in the 2012 budget proposal, is it right to increase the suffering of the Nigerian people and go back and implement your constitutional annual budget? Where is sanusi going to get the crude oil to supply these refineries? From the little we make from our JV? I hope this man is not taking us for a ride? This same crude we use to implement our budget? Which sells at international price? This man is cynical. How did we end up with two monsters sanusi lamido sanusi and Allison Madueke at the same time? I can see a pattern in Sanusi’s line of thought; if a bank is performing poorly, CLOSE IT DOWN If the subsidy regime is performing poorly; SCRAP IT. Can Nigerians please help me ask Sanusi if it is a crime to proffer real economic solutions to economic challenges other than throwing away the child with the bath water? Should we fold our hands and watch our Economic magician Sanusi scrap the economic foundation of our survival? Sanusi and Allison madueke are doing a great disservice to this nation though I don’t expect Mr. President to fire them because he is too incompetent to read the hand writings on the wall. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by hydoo(m): 1:38pm On Feb 13, 2012 |
Leave sanusi alone,hw many pple was killed in jos,maiduguri,kaduna, and GEj did nt visit d place.bt just a single bomb in madalla he visit d place,mumus keep it uP SANUSI |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by inene: 1:47pm On Feb 13, 2012 |
WHICH NIGERIAN LAW ALLOWS THE GOVERNOR OF THE CENTRAL BANK OF NIGERIA TO DONATE MONIES TO VICTIMS OF ANY DISASTER AS MALLAM SANUSI DID TO THE VICTIMS OF THE BOKO HARAM ATTACK IN KANO STATE. WHEN PROFESOR CHUKWUMA SOLUDO WAS GOVERNOR I DIDNT READ OF HIS MAKING DONATION OF ANY KIND TO ANY CAUSE. MAYBE SANUSI THINKS HE IS A GOVERNOR OF A STATE LIKE BAYELSA AND CAN DOLE OUT MONEY WHEN IT CATCHES HIS FANCY. THE CBN SHOULD EXPLAIN WHETHER THE MONEY DONATED TO THE VICTIMS IN KANO AME FROM THE BANK OR SANUSI'S PERSONAL MONEY. I DIDNT ALSO READ OF SANUSI FILING HIS STATEMENT OF MEANS BEFORE ASSUMING OFFIE AS CBN GOVERNOR AS HIS BROTHER GOVERNORS. SOMEONE NEEDS TO MAKE SOME EXPLANATIONS HERE AND FAST TOO BEFORE WE ASK THE HOUSE OF REPS TO INTERVENE. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by Reference(m): 1:59pm On Feb 13, 2012 |
Is this a question of who gets power or what he or she does with it. If Falana is questioning how our leaders use power I really doubt he will get very far. If he wishes to address how power is shared which in turn affects how resources are distributed then he has a case. You cannot. I repeat cannot change the type of thing SLS has done within the present system we run. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by deltalife(m): 2:22pm On Feb 13, 2012 |
When I heard the nuz I was so fexed ehnnn Our brther GEJ don fail us, so wot ever SLS likes he could do wit our money The truth be say one day the same thing that will happen to all the BOKO guys and supporter will also happen to him. God nogo keep quiet for ever ooo. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by tlops(m): 2:44pm On Feb 13, 2012 |
I think the presidency need to question that action. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by Mkpotu(m): 2:47pm On Feb 13, 2012 |
@hydoo, get your facts correctly before you come here to exhibit your ignorance. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by Kobojunkie: 2:48pm On Feb 13, 2012 |
The CBN Act of 2007, ALLOWs donation of funds to Universities and other institutions of learning. However, it does it seem to make provisions what what the donation made by Sanusi to Kano State. Please try to keep up with the issue rather than throwing things left and right and hoping one will somehow stick. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by Mkpotu(m): 2:56pm On Feb 13, 2012 |
Sanusi gave the N100m to Almajari institutions & their students that were destroyed by the bomb attacks in Kano. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by Nobody: 3:38pm On Feb 13, 2012 |
In one of my posts after the CBN unilaterally and evidently without any iota of common sense, increased MPR rates last year, I was convinced SLS had no clear thought process or clear-cut plan / strategy that will pull our economy out of the woods. But seriously can someone explain why this arrogant, vindictive, vengeful, proud and "all-i-ever-learnt-in-university-is-islamic-studies-yet-im-the-CBN-Governor-and-you-cant-do-nothing-bout-it" 8astard is still the governor of the CBN  |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by RoadStar: 3:48pm On Feb 13, 2012 |
I knew one day Sanusi was gonna make you lot miss Soludo so badly. The banking sector and the stock market have remained for a while at 10 year lows. Even against the backdrop of a growing economy. @KoboJunkie, don't hide behind the many posts on this thread. You were one of those easily swayed by and supported Sanusi as CBN Governor. Amazing we haven't heard from @jarus |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by yemiomodada: 3:57pm On Feb 13, 2012 |
Can sanusi do that for the other part of this country. This is sending the signal that the more the bombing the more money those affected governor will make. Please don't waste my money sanusi. Solve inflation proper you and your so cabal cause because of ur self fish interest. As any body in the house enter Goodluck bus? Http://nairareport.com -get up to date nigeria news |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by hercules07: 3:58pm On Feb 13, 2012 |
@Kobo It makes provision for other aids, what he has done is given other aids, if you guys are against it, talk to your senate and house of reps, they can always limit his powers. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by Benzora(m): 4:01pm On Feb 13, 2012 |
Can somebody please throw some light on the mode of payment and disbursement of the N100M. Who was it paid to and who is supervising the disbursement to the affected people? This guy SLS reminds me a lot about a cetain cartoon character. He should be placed on a terrorist watch list. His outburst recently in the media have betrayed his sympathy for BH. It is just unimaginable that he will single out the victims of the Kano bomb blast alone out of all the bombing incidences to display the bank's humanitarian side. A closer tracking of that money may just reveal the real intention for that money. |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by odedele: 4:25pm On Feb 13, 2012 |
@JP PHILIPS.u'av said it all.good write up |
| Re: N100m Donation: Falana Calls For Sanction Against Sanusi by mbulela: 4:25pm On Feb 13, 2012 |
what exactly is the role of the CBN? If they are not building hotels, they are doling out monies. I am not interested in the ethnicity of the beneficiaries. I struggle to understand it. |
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