₦airaland Forum

2sleek2NV:
do we have more than one CBN gov'nors? _{just sayin}

trueword:
Sanusi bags FT’s global awards
Thursday, 06 January 2011


THE renowned global financial intelliegence magazine- The Banker, a publication of the Financial Times of London, has conferred on the Governor ofCentral Bank of Nigeria, Mallam Sanusi Lamido Sanusi, double awards.
The awards are the Central Bank Governor of the Year for the entire world and that of the African continent.

According to a release signed by the Country Representative, Nigeria, The Banker Magazine, Financial Times, London, United Kingdom, Mr. Kunle Ogedengbe, the magazine noted in its 2011 January edition, which will also be distributed at the World Economic Forum, Davos, Switzerland, that in the last 18 months that Sanusi has been in office, he has salvaged a crumbling Nigerian financial sector, including implementing reforms that have put Africa’s most promising market back on the map for investors globally.

Editor of the magazine, Mr. Brian Caplen, noted that few candidate names can generate an overall consensus on judging panels and yet, when it came to finding the best global central bank governor of the year, Sanusi was chosen unanimously.

Caplen stresses that Sanusi embarked on a radical anti-corruption campaign aimed at saving 24 banks on the brink of collapse and pressed for the managers involved in the most blatant cases of corruption to be charged and, in the case of two senior bankers, convicted.

Despite the big challenge of facing up to powerful people who held considerable sway in the country, Sanusi never looked back and got the support of the public as they were made aware of the scale of corruption, which made the public to support the change he promoted.

Two months into his governorship, Sanusi embarked on the bailout of Afribank, Intercontinental Bank, Union Bank, Oceanic Bank and Finbank and dismissed their chief executive officers in a move designed to show that banking is no longer business as usual but institutions that must serve the economy as a whole.
Another key reform of the banking sector introduced by Sanusi has been to limit the tenure of bank CEOs to a maximum of 10 years. They will have to leave office at the end of their term regardless of their record. This policy has already led to change of leadership at UBA, Zenith and Skye banks.

Caplen added that the reforms initiated by Sanusi have been hailed as necessary to sanitise the banking industry and that observers have argued that, had these reforms not been initiated, Nigeria would have entered into another round of banking distress.
The implementation of stricter disclosure policy by the Central Bank of Nigeria has also led to a culture of greater transparency in the sector, he said.
The magazine noted that the reforms of Sanusi are to enhance the quality of the Nigerian banks, establish financial stability in the system, provide enabling and healthy financial-sector evolution as well as ensuring that the financial sector contributes to the real sector rather than just serving the banking sector alone.


http://www.ngrguardiannews.com/index.php?option=com_content&view=article&id=34620:sanusi-bags-fts-global-awards&catid=31:business&Itemid=562

Tunsbobo:
There is no doubt that Yoruba Movies are way better than most english movies. These days, u hardly see an english film without a part 2; the storylines are very shallow and easily predictable, poor directing and production are also some of the problems the Nigerian english movie industry is facing, they need to step up their game. Infact, yoruba movies swap all the awards even at Amaa. Did i hear someone say that all yoruba movies are spiritually inclined? That is a very wrong assumption! I've watched a lot of yoruba movies with sweet storylines and do not end with spiritual/supernatural interventions! Even Non-yoruba's have settled for yoruba movies, 'cos their so called english movies are infact an eyesore. I believe Yollywood has come to stay and rule the Nigerian Movie Industry!

Wema Bank Plc is set to close 17 branches located in the South-West and Northern parts of the country to enable it operate a regional banking. Group managing director/chief executive of the bank, Mr. Segun Oloketuyi who disclosed this in Lagos on Tuesday at press a briefing said that for the bank to operate as a regional bank, 13 branches established in the North and four branches in the South -East would be shut down.

He said that the closure of those branches was necessary as the greater proportion of the bank’s infrastructure was in the South-South and South-West, by virtue of its origin, stressing that the bank has a greater concentration of its branches in Lagos and South-West.

He said that the branches within the region accounted for 98.8 per cent of the total loan portfolio and 96.9 per cent of deposit of the bank as at October, 2010.

He further pointed out that out of 154 branches operating across the country, 137 are located in the region where the bank has chosen to operate.

Oloketuyi stated that Wema bank operating as a regional bank would offer the same banquet banking services as a national and international bank.

He said that for the bank to have maximum impact, more branches would be established within the region while the bank’s staff working in South-West and North would be redeployed to other branches.

Olaketuyi, however, said that the thought of regional bank was because since its strength resides in these regions, it might as well enable it to be focused, grow its business and later spread exceptional services to other regions.

In doing so, he said it would be better positioned to efficiently deploy its resources (capital, manpower and operational capacity) towards achieving better financial performance and delivery of top quality services to its customers. He said that the bank which had negative shareholders fund of N66 billion in 2009 has been recapitalised.

Listing some of the bank’s achievement in last 18 months, he said that as at November, 2010 the management has recovered about N31 billion, raise N7.5 billion through its private placement, adding that the minimum capital required for it to meet its capitalization was N10 billion.

Chief executive of the bank said that the customers that located within the region, the management planned to develop and maintain strong electronic banking operations that would provide them seamless services and where necessary while other commercial banks that operate in other regions where it has close its branches would provide correspondent banking services to those customers on the behalf the Wema bank.

He said that correspondent Banking relationships are a common feature of collaboration both in the local and global banking practice.

According to the CBN new banking model, a regional bank can operate in minimum of six States and maximum 12 contiguous states and the Federal Territory, stressing that those states must be within not more two geo-political Zones

Aloy+Emeka:
Who told you the women are not available?. They needed those services but are very shy to seek for it through their parents. Get married and pay us N5K sounds like a pretty good deal to me unlike e-Harmony that will charge 20x that amount just for hook up alone. Support our home grown industries please.

ROSSIKE:
john blaze asked:

Sometimes I wonder what exactly guys like you learnt at school. So as you stand now, you equate civilization with guns, cannon, and warships?

Tell me, was ancient Greece a great civilization? What about the Aztecs? Ancient China? Ancient India? Babylon?  Rome?

None of these civilizations had guns, cannon, or ''artillery''. All used ''bows and arrows'',  but are regarded by every sane person on earth today as great civilizations. That you equate civilization with gun ownership and cannons is testament to your distorted conceptualization of life and existence, and your tragic mis-education.

The reason Europe was able to develop such weapons before the rest of the world  - not just Africa - has to do with their industrial revolution which started in the 1700s.

The reason it is called a revolution is that it changed dramatically the way the people in the west lived.

The Europeans/whites have not ALWAYS been industrialised. They've been around for tens of thousands of years, just like the blacks and Asians, but their industrial revolution only occurred a mere three or four hundred years ago. In historical terms, virtually yesterday!

So if the whites were some sort of 'magical', extra smart beings, why did they only just become industrialised after thousands of years of existence on this earth?

What were they waiting for?

Why did they not build computers and airplanes 3,000 years ago?

Why did they have to WAIT in their CAVES for blacks to first invent writing, invent architecture, invent mathematics, invent philosophy, invent the SCIENCES, invent even religion, and so on, and then let the blacks and Asians dominate for several thousand years from then till only a few hundred years ago?

It is obvious that something quite extraordinary happened in their society, which had absolutely nothing to do with their ''genes''.

The western industrial revolution was brought about by the development of a powerful, rich, mercantile class,  that sought to further enrich itself using the science and technological progress their geographical position had afforded them, as the crossroads of information dissemination/trade between the Orient, Africa, and the Middle East from antiquity. The mediterranean interconnectivity zone.

Africans meanwhile had become hemmed in a millenium earlier, barred from this Mediterranean crossroads.

When Africans controlled the northern coasts of the continent, in Egypt, Morroco, Algeria, Libya etc, they were at the forefront of world scientific and moral progress.  This has been recorded in numerous places and is beyond dispute.

After Africans retreated south following the Sahara drying up and relentless foreign invasions, she lost not just direct control of her lucrative trade routes to the world (which later came to be held by Arabs), but lost connection to the[i] interconnectivity zone[/i], the ancient Mediterranean 'information superhighway', a geographically determined clearing house for global progress from antiquity.

https://www.geni.org/globalenergy/library/technical-articles/transmission/ieee/spectrum/closing-the-circuit/circ03.jpg

The interconnectivity zone. The sea area between Europe, Asia and Africa, has been the meeting point of trade, and exchange centre of ideas, concepts, trends, and developments for over 5,000 years. The coalescing of ideas along this route which took place over several millenia eventually resulted in an ''industrial revolution''. Africans who contributed heavily to this exchange of information from the outset, lost direct access to these channels following southward migrations caused by climatic/human factors. Their influence and participation in this global exchange  later declined to the point where they've ended up playing catch up.

So Europe's capitalist class grew wealthy, and then exploited the compendium of scientific knowledge that had accumulated in that region, to eventually advance an industrial technological revolution by the 17th century, and in the process, create weapons no one else could challenge.

So you see when you break it all down into a coherent sequence, you begin to grow out of this illusion that ''genes'' play a role in the development of regions.

To the question  'well, why did Africans not resist the invasions?', well they did for literally thousands of years. The Hyksos even ruled Egypt at one stage during the Middle Kingdom era, in 1700 BC, after famine in their country caused their armies and people to flood into Africa. The Africans drove them out a few decades later. But  centuries later, other groups, the Assyrians, the Nubians, the Greeks, the Romans, and later the Arabs, forced their way in. They always waited for moments of infighting and complacency within the African elite, before making their kill.

But complacency is the very definition of wealthy imperial states in ANY civilization.

Just look at the world today. The west has become so complacent that the nuclear weapons they built to protect themselves have now run out of their hands, with nuclear proliferation now threatening them.

Technology-wise, the west has become so complacent that China, Japan, South Korea, etc, have virtually overtaken them, with the gap set to widen.

Africa, now rid of its isolation, is now being touted as the NEXT 'China', as economies across the continent show amazing growth rates, among the fastest in the  world.

So NOTHING stays permanent on this globe. In fact history operates in a CYCLE. 

It is the natural order of things.

Image123:
I'd rather you believe in God than believe i am smart. I guess an agreement with you qualifies me for the prestigious smart status right?
Why would one vehemently claim that a passage from 1Chronicles was 'added' to a passage in Matthew? What's the bigdeal about that? Again, what erases the possibility that the 'earlier manuscript' did originally have that phrase before wear and tear? What's the new thing, revelation or doctrine that was 'added' in that passage or others?
I'll say it again for good measure. Heaven and earth may pass away, but not one tittle will be added to or removed from the Word.

Image123:
I wasn't going to answer this because you've not said anything, but i changed my decision. I said 'people have tried to remove or add to SCRIPTURES and it's just impossible'. Then you come up with a link. Did you read your link talking about EARLIER manuscripts. Anyone knows words can be erased, torn eroded from an earlier material than a later. Or you don't think it possible? And most importantly, there's nothing 'added' that was not in the earlier manuscript. Your link talks of 1Chronicles, did you read that? Or that's not the Word of God?
It's just like the Mark 16 passage where some claim that it was 'added'. Is there any new thing there that's not in other parts of scriptures? Are they not as equally inspired and renewing/God breathed as other scriptures? When we talk of no add/subtract, we're not really referring to tearing away a page from your personal Bible, or the back pages eating up due to age, or marring with ink, or writing some notes in your Bible. ONLY BELIEVE, those are the words of Jesus, and no one, nasa, nccf, Nepa, UN, pdp, fifa, no body can add to or remove from it.

strangerf:
I am a US citizen; I am not allowed to die for Nigeria

jamace:
^^^ Don't mind that cheeky mikky mouse [b]SIN[/b]ator.

The legislators are so well-fed that any time you see them, their faces are oozing out oil while the average Nigerian worker has dried face like some one under perpetual harmattan breeze. Nonsense!

ode remo:
I ldey lafu,
so humility is now essential in politrics,?
Can someone mention one single senator or governor or a mem.of nass with this imp. Ingrdient.
Humility my a.s.s, i want a president that will rep.us regionally and internationally,The one that lock horns with his opp. And blink not.we have to agree that this tiny fussion called 9ja is not easy to govern. My conclussion is that jonathan is not properly groomed for pres.
Ans. Yes sir, yes sir to asg. Kai kai.

gbengress1:
As a patriotic Nigeria(as you mostly claim to be), can you die for Nigeria provided that your death would change Nigeria positively.

Arosa:
The reason why Africans are the most underdeveloped in the world today is because we are the most heterogeneous people on the planet. Africa needs to move towards being a more homogeneous society.
A major study was founded by Jewish Professor Robert Putnam from Harvard University, showing that heterogeneous  societies are very stressful, and dysfunctional. People tend to disengage socially, huddle together, and avoid each other.
What is a homogeneous society? A homogeneous society is such a society where most of the people share the same types of cultural values, language, ethnicity and religious system.
Homogeneity comes to a society in a number of ways-ethnically (as is the case with the Japanese), religiously (many Arab nationals), culturally (Indians), politically (communism China) etc.
The question now is, what does Africa need to do to be a more homogeneous society?