₦airaland Forum

@CVIBE
Obviously,U are not convasant with what actually caused the financial problem in the US.In case U did't know,it was sth similar to nigeria's.Banks where giving mortgage to ppl who obviously couldn't pay back,there way cases of ppl who had a lot of mortgage debt hanging over their head that had also lost their job and could not pay back same as a biz man who borrowed money from the bank only for the biz to fail and as a result, he defaults,all still boil down to the dwindling economy and not the bank CEOs.The US government did't choose to go on rampage and start mass sacking,sidelining shareholders,creating uneccessary panic,hounding the ceos or even illegally using public funds to nationalize private banks in the name of 'we don't want these banks to fail'.

I ve always said it, Sanusi is obviously confused and unreliable,he can't be trusted,he keeps saying one thing and coming back to say another .I hope Sanusi's supporters are starting to see the real Sanusi and his real intentions and stupid antics.
Sanusi keeps telling lies to the public which is largely illeterate about NPL,Bad loans,colateral,lending and debt.when ppl make arguement about banks having NPLs,i always ask them of their definition of NPLs,in conclusion after their explanation one discovers the nonsense lies sanusi has been spewing on them.
Non Performing Loans are loans whose borrowers have defaulted to pay the principal or servicing interest(due to several reasons) as at when due which is usually a period of 90 days or 3months.However,our CBN governor keeps erronously clumping NPLs and bad loans together.Bad loans are loans whose borrowers can no longer meet their financial obligations or pay back the principal,every bank has some money earmarked in the event that some NPLs become bad loans,these are common banking business practices,ours is no different.It does't make any sense faulting every bank on the basis of NPLs and classifying every NPL as bad debt.Sanusi keeps talking like borrowing huge sum of money is a crime or that defaulting on payment as at when due is criminal or not part of the banking business.He claims that many of the CEO lent money without adequate colateral,well,let the court of law be the arbiter of what constitutes an 'adequate colateral' and not his gutz feelings and stupid outburst.
Sanusi may have been a risk manager for years but he obviously lacks the catholic experience of a CBN governor,he is too concentrated on one place that the rest suffer.
Also,events have shown that Sanusi is an unrelible person,he's always saying one thing and doing another thing,take for instance the issue of ownership of these banks,when he was accused of having an agenda and plans to nationalize these banks he claimed the funds where not bail out funds per say but some 2nd tier watever which would be recovered from the banks with time but now he has come to tell us that shareholders of such banks will be sidelined,what a joke.
Anyone that is not seeing the hand writing on the wall is in delusion,the fact is there is a grand plan to redistribute both ownership and shareholdings of banks in Nigeria and the north have made it clear their displeasure of the dominance of the South in the finance industry.A notable northern leader has been quoted as saying that the present status quo of southern dominance is not acceptable by the North. Sanusi is surely doing the northerners' bid,4get all the rhetorics and powerful oratory,there is a lot going on than meet the eyez,this is high tribal politics of dominance and not some stupid reform. May God help this country.

*YAWNS* Am so bored right now! Who again has got kpomo lips? The way this thing is going, I see beef steaming up on this thread,abeg,make I dey careful b4 person go shift my jaw.

Men! I no grab Seun's new innovations on the site O! I am finding it difficult locating the recent posts and thier position,how man go dey read post from bottom to top instead of the other way round and recent post go to page one instead of to continue from the last page.Seun biko return to status quo,this new style dey give me head ache.Sorry for veering off the topic.

@Seun
It's a good U are looking for MODERATORS.Let me add this,whoever U are going to appoint as Mods, make sure they ve a good history of intelligent posts,grasp of their section and are active members that are seriously minded.I don't know if U ve observed,some of the newly appointed MODS have been doing a very bad job,they don't know the kind of posts that should make it to the front page.They put very useless,childish posts of no intellectual values on the front page,these days I just scheme through NL and move to other seriously minded sites with seriouse topics of importance.U need to look into this bèfore NL becomes another "hi5" god forbid sha! Anyway,Gudluck wif da search.

@Seun
It's a good U are looking for MODERATORS.Let me add this,whoever U are going to appoint as Mods, make sure they ve a good history of intelligent posts,grasp of their section and are active members that are seriously minded.I don't know if U ve observed,some of the newly appointed MODS have been doing a very bad job,they don't know the kind of posts that should make it to the front page.They put very useless,childish posts of no intellectual values on the front page,these days I just scheme through NL and move to other seriously minded sites with seriouse topics of importance.U need to look into this bèfore NL becomes another "hi5" god forbid sha! Anyway,Gudluck wif da search.

At poster,
U are a criminal,go to hell and burn wif Ur sft.

Guy are U goina give us the shit or U wanna keep talking?

I can't believe ppl are taking psychotic Becomrich(lol) seriously,na wa O!
Anyway,like I have always argued Geny might come across as arrogant sometimes but one thing we can't flaw her on is her acting skills,Geny is a natural!
In my first 5 top nollywood actress Geny will always come first,surprisingly,actresses like Omotola,Rita Dominic,Patience Ozorkwu or even Oge wont come anywhere close to my top 5 list.
Seriously,if I were to mention ppl in Geny's league,I will be calling naturals like
1.Bimbo Akintola
2.Joke Silver
3.Steph Okereke
4.Uche Osetule(this lady used to be my best but lately she's on the down low)
5Bimbo , (can't remember her names but she and Dare presented mtn project fame before the just concluded one)She was also the winner of the bank phb celebrity dance show)
6.Kate Henshaw,these ladies have what it takes to be international stars,they have got very good diction,style a very good command of english language which is where i flawed actresses like Omotola,Rita dominic and Oge,they are just glitz no real talent and thier english is just average.Besides,am yet to see them do very challenging works besides the usual stuff.
i saw the likes of Geny,the two bimbos and Joke in a movie:"Keeping Faith" i had to agree that this bunch is damn good,thier skillful delivery and very good english bought me over.Ini Edo is another actress that I think will go places if she takes her work more seriously and leave all these nonsense industry gist and gossips,My problem with her is that she does too many mediocre movies that downplay her real talent,I think it's time she took her career to the next level and demand for quality.A good actress won't do mediocre films that's why ppl like Geny will continue to shit on the porpular ones who aint neccessarily doing good films.

That fool Kobo wateva d Bleep the junky is called is alwayz trying to complain.Stupid wimp that has never contributed anything meaningful to any topic besides whining and making misplaced jokes of no consequence.Stupid Arrow.Umu nna make una bone that anuofia wey no sabi anything.

Hahahahahaha, How come U knew my favourite,i like it fresh and sweet,actually, it was was freshly tapped by Okoro the palmwine tapper in "Umuenwe"(wish U knew the meaning) village(lol).

Now this is gerring prepostrous,Saga get ready soon U will be doing my lil sis teddy bear(lol).E be like say Saga is a Celebrity maker.

Now this is gerring prepostrous,Saga get ready soon U will be doing my lil sis teddy bear(lol).E be like say Saga is a Celebrity maker.

Now this is gerring prepostrous,Saga get ready soon U will be doing my lil sis teddy bear(lol).E be like say Saga is a Celebrity maker.

Now this is gerring prepostrous,Saga get ready soon U will be doing my lil sis teddy bear(lol).E be like say Saga is a Celebrity maker.

@Onijogbon,
it's useless arguing with U,obviously,there's something U are afraid of that won't let U write in clear,simple english language.I may have made typographical errors but it still does'nt make U a match for me when it comes to writing correspondence.U can continue to hide your inadequacy by writing in vernacular or quoting my typos several times that still does'nt make U any better than the poster,U can as well keep trying to use me to boost your bruised ego.
I challenge U to write in clear,readable english,not those short vernacular phrases & nonsense in your own parlance that U are comfortable with but clearly written sentence that shows your writing skills and ability then I can take U seriously.Anything other than that,then I say Homeboy crawl back to your cesspool and remain there.

@Onijogbon,190 and Igbogirl,
There's a very big difference between typographical errors and an obviously flawed grammatical construction which shows an utter lack of both writing skills and understanding of the language.
You lots think I did'nt see my own typographical errors? Damn! How old are U guyz?I left it like that on purpose in anticipation for this but I underestimated the lots that will fall as victims to it.
Anyone of you that thinks am a dunce like the poster can engage me intellectually or better still cut my post in bits and slices and then flaw it on the basis of it's grammatical construct.
If not,then am going to say it again but this time no typos;
@Poster,
"Whoever taught U english should be shot dead"

@Onijogbon,190 and Igbogirl,
There's a very big difference between typographical errors and an obviously flawed grammatical construction which shows an utter lack of both writing skills and understanding of the language.
You lots think I did'nt see my own typographical errors? Damn! How old are U guyz?I left it like that on purpose in anticipation for this but I underestimated the lots that will fall as victims to it.
Anyone of you that thinks am a dunce like the poster can engage me intellectually or better still cut my post in bits and slices and then flaw it on the basis of it's grammatical construct.
If not,then am going to say it again but this time no typos;
@Poster,
"Whoever taught U english should be shot dead"

@Poster,
Whoever taught U english shouldt be short dead.
I have never heard the word "pregnated" let alone "to pregnated"
which market did U attend as school?

I can bet the bet the VC of Uni illorin is a politician.

I am enjoying myself on this thread,so far,it hasn't been turned into a tribal war of mouth even though some ppl have been trying hard to make it so.
@Aloy.Emeka & Dede1,
I like Ur perspectives to this issue even though Ur views are divergent.The both of U have made very valid points of note.
I think for political expediency,the senator has some valid points.From history to the present day Nigeria the population of a tribe has always played a major role in the way virtually everything is done in Nigeria,Power,political party,education,census figure and finally allocation.Let's take for instance,the last census in 2005,it was alleged that in some part of the North,the local government chairmen bribed the census officials to bloat the census figures,there were even cases of proxy counting and non-human counting(where cows were also counted),ppl who were long dead had thier names as counts in the register.Meanwhile in the east,it was a case of aparthy,ppl went about thier businesses as usual through out the duration of the census even though they were suppose to be indoor.
My point is that in a country like Nigeria population is more like a political tool for gaining advantage.
However,in my own opinion,I believe in having few quality childrien with the right upbringing and education than having a battalion of useless childrien that will end up as alayes,almajeries and abokis and live in perpetual penury.
And Emeka is very correct,a majority of the 21 century igbo couples don't bear more than 3 or 4 childrien my family is an example,we are just three and that's because am a twin.I ve even noticed the trend amongst my uncles and aunt's in the east,nobody is following grand pa's example,he had 4 wives and 24 childrien,my family compound is divided into 2 very large opposite compounds.Surprisingly,even an averagely educated man in the SE knows the folly of having too many kidz without plans.Igbos are very independently minded,they believe in having kidz they can take care of without resorting to begging anyone cos like Emeka said it's a taboo in igbo land to beg in order to feed his family.

N2Dday
if I didn't know myself so dam well,I would ve concluded U were me.So dam blunt lyk mua(lol).
Am feeling Ur Swag jare!
The Chic is so fucking uneccessarily sensitive over stupid frivolous stuf.And I like to poke such edgy ppl,anyway just take it easy wif em,U know wat they say;even if U rub monkey lipstick,rub im monkey face mary K,giv am gucci shoes and clothes and even wear her prada bag,Monkey will still luk lyk an APE(Lol).

Whiteroses or wateva d Bleep U call Urself,i did't direct that post to U,fool!
Besidz,d person that i referred to,knows i was only being sarcastic and did't mean any insult.
U seem to fink this is some Gender fight between boyz & gurls,U better not get carried away with Ur gutter mouth else U will be counting Ur dirty teeth in Ur hands by the time I re-arrange Ur scattered dentition.Atura Hausa!

@Mich
Me don luk dis ya pic wella,d thing funny O!Are U sure this pic aint photoshopped? The nose,eyes and mouth no ryhme then that hand be like 10yr kid hand(lol).Seriously,the pic is reminiscent of one of those grotesque idi-amin's photos of his victims where they cut sb's legs and arms and interpolate them(lol),that arm is begining to look like a kid's leg to me, Hahahahaha, Don't mind me mammy,U be fine gal jor!

I may not totally agree with the newspaper report but I think Sanusi's action from the of his appointment to date has shown strong support for that claim:
1.The first set of 5 banks may have problems,infact serious problem but Sanusi exaggerated and sensationalized every news that had to do with the banking sector.
2.Sanusi has also been using thesame media some of us accuse of propaganda to also spread aparthy and fear(which has done too much harm than good) in the name of giving information to the public,like I will always say too much information can be detrimental to anyone let alone a majorly illiterate public. I get angry everytime Mr Sanusi comes on air, he's so quick to discuss the endless problems of the five banks and his actions but lacks thesame alacrity and depth when it comes to the solutions.It's obvious the man underestimated the problem his actions could cause and had no clear plans to conclude this whole brouhaha besides sacking and replacing the CEOs, Pumping government funds (which to me is an introduction to nationalizing these banks) and then watch and pray believing things will work out,any slowpoke can do thesame.Nobody is even asking what will happen if some of these newly CEOs fail to deliver,the problem in the banking system goes beyond NPL and lending without colateral(which is not in all cases true),these are inherent with banking business,every bank incurs NPL and lend certain ppl money based on certain agreements other than colateral, besides many things can serve as colateral.Let's not forget that the Nigerian economy is solely based on oil and and the capital market is also somewhat driven by thesame oil,our capital market collapsed because it was soaring on an artificial economy that was even non-existent,no real sector,no manufacturing sector,the banking sector alone accounted for more than 65% of the capital share then U have to talk about the global crisis which starved funds to these banks and saw some foreign investors divest their investment in Nigeria,oil prices went down and so on.
Mr Sanusi was too hasty(which is why I have never approved of his style,he lacks the finesse for solving the problem) with his announcement and his constant playing to the gallery did'nt help matters,he kept unwittingly giving infos that would ve been better as classified to a public that was still recuperating from the stock market crash.Sometimes I wonder if he does't do that unpurpose in the guise of informing the public,which stupid public?An average Nigerian does't understand and does't care about those financial jargons as long as no zeroes in the amount he has in the accounts of any of those banks does't deplet.
I am yet to understand fully the real reasons for his off-balance actions except for thier negetive implications and there's more reasons to believe that these banks might end up nationalized and automatically northernized because they form the bulk of our "Kunu" politics.So yes there's some truth in that vanguard report.However,am going to keep seeing everybody as guilty of thier accusations until they are proven innocent!

@Liedetect,the sarcasm in your post got me rolling on the floor wif fits of convulsive lafta,that was damn funny! I don't mean to be racist here,biko but White ppl especially caucasians do a lot of bizarre,only a white guy will attempt to hypnotise a lion in the jungle(lol).All sha na experiment, Hahahahaha