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Government Should Take-over Banks - Politics - Nairaland

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Government Should Take-over Banks by openej: 7:38am On Apr 01, 2009
I am wondering why some Nigerians just make statements without first analyzing the implications. Why should anybody suggest that Government should take over Banks, are we trying to cripple the Economy or what?

See the below statement and more from Daily Trust http://www.dailytrust.com/index.php?option=com_content&task=view&id=7089&Itemid=14

We urge the government to take over the giant banks like the First Bank, Union Bank, United Bank for Africa, Afribank, Unity Bank, Zenith Bank and the intercontinental Bank. Notwithstanding what Professor Chukuma Soludo has been talking about lately on the financial health of our banks, the reality is that not many people believe him. In fact, many would readily accuse him for being responsible for the banks crisis as a result of his consolidation of the banks and other fiscal and monetary policies.

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