The Northerners want to take their own share of Banking by seizing CBN and using CBN to change banking policy environment to favour appointment of Board of Directors and Management into top ten banks. They have already found out that dismantling the minimum capital base will not favour them much, because even if anyone is allowed to float a bank with less than the minimum capital, that entity can not compete with the mega banks.

proof

I may want to agree with Oriauwa especially with the Punch of last sunday (21 March, 2009), page 9 where AREWA Consultative Forum issued a communique that indicated a 100% change from their usually predonminately political focus to 99% banking. There interest is clear- to seize the banking industry.

(sigh) Just when I thought that with good ol' Fumnii away at a correctional facility, inane topics like this will be a thing of the past - I am obviously wrong. 

Mai Suya:

(sigh) Just when I thought that with good ol' Fumnii away at a correctional facility, inane topics like this will be a thing a past - I am obviously wrong.

What is your problem with the truth? It will not take your sharp knife from you.
They have been skimming to do that for a long time. Gwura gwura is prolly the worst thing that hjas happened to Nigeria so far.

hmm here illitrate unqualified mallam still on it!

damn it!

lookin

ANTI-CONSOLIDATION forces have regrouped with the hope of dismantling the structures and forcing a takeover of the top five banks in the country, Vanguard can now reveal.
The grand plan by the group is to cause panic and uncertainty in the industry and make the target banks look unsafe for depositors.

Meantime, indications emerged yesterday that the Federal Government may announce the names of a new Governor of the Central Bank (CBN) and the Auditor-General of the Federation (AGF) in April just a few weeks before the tenure of the incumbents run out.

However, the Arewa Consultative Forum (ACF) has expressed concern over what it described as the rapidly deteriorating liquidity situation in the banking industry and tasked the Central Bank (CBN) to make public information on causes of the development as well as the scale of the crisis.

Vanguard investigations revealed that the aim of the anti-consolidation forces is to cause loss of public confidence in the banking industry and compel the Federal Government to move in by injecting funds. Further, they ultimately plan to instigate government to take equity holdings in the targeted banks.

Vanguard gathered that the group at work is made up of former bank owners who lost out during the consolidation exercise, a powerful clique in the present government, and some aggrieved persons in three of the six geopolitical zones in the country who felt left out in the consolidation exercise.

Presidency sources disclosed that those who felt left out in the consolidation exercise are up in arms to recoup what they felt they lost during Obasanjo years.

Part of the plans hatched by the group is to ensure that the incumbent Governor of the Central Bank, Professor Chukwuma Soludo, does not get a second term. The plan is also to ensure that whatever gains consolidation recorded are discredited. This, it was learnt, was meant to force the President to act quickly in the matter of appointment of a successor to Soludo as they anticipate that the president’s slow move may scuttle their dreams and cause the renewal of Soludo’s re-appointment for a second term.

The group’s second game plan is to make Nigerian banks look unsafe in the eye of the banking public. Part of the game is to spread rumours that some banks are unsound and are on the verge of collapse. They send out text messages to individuals and account holders passing wrong information on their target banks. At the moment, the group’s target is one of the high-flying new generation banks where they have sent out several messages.

I did not write that but got it from VANGAURD.
Can some analyze the write up. How many northern banks do you have today?

Please Oriauwa,
Let me have the link to the article. It does give a clearer picture !

ONE NIGERIA

ok

foolish thread.

Interesting article. But can anyone tell me where the north was implicated in this alleged move? it certainly  cannot be this quote:

oriauwa:

However, the Arewa Consultative Forum (ACF) has expressed concern over what it described as the rapidly deteriorating liquidity situation in the banking industry and tasked the Central Bank (CBN) to make public information on causes of the development as well as the scale of the crisis.

The problem with you tribalists is that so engrossed are you in your prejudices against the north that you just have to find a way of attributing anything and everything to them. That perhaps expalin why you had to change the title of the article to suit your narrow mindedness. Nowhere in the article did it say that the group was composed of ACF members:

oriauwa:

Vanguard investigations revealed that the aim of the anti-consolidation forces is to cause loss of public confidence in the banking industry and compel the Federal Government to move in by injecting funds. Further, they ultimately plan to instigate government to take equity holdings in the targeted banks.

Vanguard gathered that the group at work is made up of [b]former bank owners who lost out during the consolidation exercise, a powerful clique in the present government, and some aggrieved persons in three of the six geopolitical zones in the country [/b]who felt left out in the consolidation exercise.

Pray, does that in any way implicate the North?
TO those who had also started flapping their mouths against the North, displaying their abysmal inability to comprehend a simple article, I suggest you read through again, only this time ensure that you brain has been withdrawn from its protracted slumber.