odedele:

What arrogance.Sanusi has set d whole village on fire because he wants 2 kill a rat

seun0622:

All these actions by sanusi could be regarded as both subjective as well as objective because the intervention was very timely but was done with a lot of malice and noise.I was personally affected in the downsizing exercise in one of the ailing banks as I was able to see things clearly as an insider.The situation of these banks were more pathetic than what was presented.You need to understand that loans can only be bad if the bank executives want it so but most of the bad loans that wrecked the banks were given to family and friends.All the directors have loans running into billions of Naira and the truth remains that if CBN had not pumped in the 400 Billion Naira to the 5 banks that were initially affected.A lot of customers would still be crying now and all (Not some) of the bank's staff would have gone home by now.
Sanusi did the needful,but he started it from his most dreaded enemies (Akingbola and Co).
Tho there are still some other banks that are as distressed as these banks in question but a lot of cover up activities have kept them floating.

xtraodinaire:

I wonder why some people are always so sentimental and unwilling to learn, Sanusi has done a great job and pls lets not write off the fact that this trouble started a long time ago and soludo did nothing about it.
Someone said they should let stakeholders provide money to take over the banks, pls let me ask who are the stakeholders? the same dangote and co who put these banks in this situation. incase you dont know all Nigerian banks posted a loss in their year end result with Bank 'car will run on water' phb stunnin us all with a loss of over 480bn Naira and madam 'stallion of d bankin industry' oceanic with over 400bn Naira, Please lets cut the sentiments, these banks cant survive if they dont make strong moves. When the whole wahala started with the first 5banks, dey said the bailout money is over 1.3trillion naira only God knws how much it will be now and who wants to provide that kind of money when the country's budget is barely 3trillion naira.
Someone also asked wht the money given the banks was meant for, my dear the money's for customers like u and me so we can go to your banks, write a cheque and get money ou. Its not for them to recapitalise,
Pls lets be realistic, reasonable and shun sentiments. The banks were close to their doom,

Engineer96:

To be honest with NL, there is tribalistic sentiments in what Sanusi has done and what he is still doing. Unity Bank, using any parameter, is not healthy.

And what exactly are these parameters sir?

Sanusi told us that Unity Bank was given up to June this year to re-capitalize. Why were other Banks (southern Banks) not given the same opportunity and mandate? Think about this.

I'm not really sure you know anything about this issue on ground and if you do, you conviniently forgot to mention that:

1. UNITY BANK posted a loss of 8bn in third quater while your 'healthy' southern Oceanic posted more than 400bn loss in the same quarter.

2. UNITY Bank is very solvent (has no liquidity broblems) which means it does not need any bailoout fund from CBN, while your 'southern' intercontinental had to suckle on CBN's bailout nipple to pay its customers.

My guy, banking is more than beautiful buildings and attractice CSOs. Sanusi is doing the right thing.

Ultrame:

@ Engineer96

What exactly are these parameters sir?

I'm not really sure you know anything about this issue on ground and if you do, you conviniently forgot to mention that:

1. UNITY BANK posted a loss of 8bn in third quater while your 'healthy' southern Oceanic posted more than 400bn loss in the same quarter.

2. UNITY Bank is very solvent (has no liquidity broblems) which means it does not need any bailoout fund from CBN, while your 'southern' intercontinental had to suckle on CBN's bailout unmentionable to pay its customers.

My guy, banking is more than beautiful buildings and attractive CSOs. Sanusi is doing the right thing.

ud4u:

There is no justification about what Sanusi has done to the Banking Sector and the economy at large.

Instead of the public show and unnecessary up-roars that has landed this economy into mess, why didn't they give them ultimatum to make up, of course they would have sold all their fraudulently accumulated properties to redeem or bail themselves instead of this public show that ended up affecting the whole sectors of the economy.

Look at how many people that have been sacked not only from banking sector alone, but from all works of life. At the end of the day the people you are claiming to fight for becomes the bad end receiver. And when it turns around to become unfavourable to the people, then the intension is not for the benefit of the masses but for a purpose best known to you.
I tell you Sanusi has done this country more harm than good.

kunolu:

Sanusi is obviously power drunk, the man does not know anything about building confidence in a sector that is sensitive to speculation and misinformation, people praising this man seem to be clueless without fundamental knowledge of finance, corporate law and governance.
Mind you, under his watch first bank had to make a provision of over 20 billion in bad debts and he is being tagged as a specialist in risk management, lol "joker!"

Dis Guy:

Mind you experience bankers are part of thise praising the action of the CBN
How long was he the head of First Bank
I dont think anyone is can avoid bad debts anyway compared to what some other banks went into N20b is still 'safe'