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Nairaland Forum / Nairaland / General / Politics / Sanusi In Tears; Says Reforms Are Not A Northern Agenda! (9223 Views)
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Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by edoyad(m): 8:22am On May 16, 2010 |
Gordon Brown with a Phd. in history and 5 years as shadow minister was still considered as unsuitable for the job of chancellor of exchequer, he still held the job for ten years and England experienced considerable growth in that period. You cannot come here and tell us banks in America and the Uk also had a rough time last year so we shouldn't expect Nigeria to be different. Thing is most of the Western world was in recession last year while Nigeria had a GDP growth of almost 7%. Sub saharan Africa on the whole didn't do too badly except for south-Africa which had about two bad quarters, but even there the banks came out with good results. In Nigeria anything goes, that's why a pharmacist is Information minister, we've had political lobbyists become Aviation and transport ministers. The result of this is : 1. While countries like Ghana, Ethiopia and Kenya have national carriers Nigeria doesn't. 2. Rail services, an integral part of economic growth is totally absent. 3. Poor information management system in the country. I'm one of those that will go to hell and back to support what befell Cecilia and co but i also can't deny the fact that Sanusi shouldn't be the one doing the job. |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by Nobody: 8:49am On May 16, 2010 |
going by the arguments of the likes of paddl lo and davidif, i sincerely hope they are not posting from computers running windows - i mean - what business does a college dropout have with building the largest software maker in the world? education can only take you so far. soludo's phd and 'qualifications' did not imbue him with the character to do the right thing - he sat back and watched as ceos looted depositors funds. |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by bawomolo(m): 8:56am On May 16, 2010 |
oyb: nigerians love titles, you aint shiiiit unless you have dr/engr/barrister by your name. |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by mojojojo(m): 9:32am On May 16, 2010 |
Whatever degree he earned, he was able to rise up to become MD at first bank and an expert in risk management. Education is just a stepping stone, experience and skills are what really matter. Soludo was an excellent CBN governor but he was an academic. Because of this he was only able to see the big picture and come up with reforms that were academically sound and effective. Capitalisation of the banks was very beneficial. However he was not a banker and neglected to scrutinise the details of everyday banking and the CEO's were able to take him for a ride.Soludo used the CBN as a policy making institution. Sanusi on the other hand is a banker through and through. His reforms are more specific and he has steered the CBN into a more regulatory and supervisory role. |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by paddylo1(m): 9:35am On May 16, 2010 |
Whatever degree he earned, he was able to rise up to become MD at first bank and an expert in risk management In Nigeria much of that rise is usually due to nepotism and useless connections. . . U really think in a competitive bank he could have risen without d need to get a masters degree? Hell even first class students find it hard to get gainful employment in Nigeria sometime, so spare me trhat talk of rise to become crap |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by edoyad(m): 9:49am On May 16, 2010 |
Phd. has a global standard and is not a Nigerian thing. Go to anywhere in world, Trevor Manuel in South Africa to even Ghana, you just don't bring someone in from anywhere cos they've distinguished themselves in business- which Sanusi didn't do by the way. If you're bringing people who've distinguished themselves then we'd be hearing Coscharis, Dangote, Okoya et al. Becoming head of such economic institutions is a totally different ball game from growing a business if not people like Oprah, P. Diddy and Jay Z would be contenders to become chairman of the Federal reserve |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by UpBendel(m): 9:50am On May 16, 2010 |
paddy_lo: Nna Your arguments are getting scarier by the minute and I am going to suggest that even you are confused on what your stance is on this issue. Additionally, to address your last comment, this is the precise issue that we all have been trying to highlight and make people like you understand, that our "first class students find it hard to get gainful employment in Nigeria" because of these sort of behavior. |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by otokx(m): 10:10am On May 16, 2010 |
Did i almost miss the party? We Nigerians love evil and short cuts. We celebrate criminals like IBRU and AKINGBOLA not forgetting the harm those guys did. Freedom is never got on a platter of gold. Some things just have to give. |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by vizion: 10:14am On May 16, 2010 |
oyb: Tell me brother -would Bill Gates hire another college drop out to be the head of microsoft?? ![]() |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by UpBendel(m): 10:16am On May 16, 2010 |
otokx: Dude You have not missed anything at all. Same story, same denial, different thread. |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by UpBendel(m): 10:18am On May 16, 2010 |
vizion: Why not?? |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by vizion: 10:21am On May 16, 2010 |
otokx: oga the bone of contention here is not the treatment given to IBRU and AKINGBOLA . Rather it is that Sanusi does not have want it takes to become the CBN governor. |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by paddylo1(m): 10:25am On May 16, 2010 |
Nna What sort of behavior exactly? is it the sort that has made banks retrench 20,000 workers since Sanusi came in with his reforms? is it the sort of behavior that gives positions to unqualified ppl just because the man is a fulani man or has the right religious connection? Pls educate me further because the type of nepotism that got Sanusi his job is exactly why Nigerian First class graduates cant get employed in places like NNPC or u forgot the recent revelation that Rilwan lukman was filling NNPC posts with ppl from only kano and katsina state? Pls if u dont have a better arguement dont even start. . . . . The idea of getting the best man for the job,seems to me that it shouldnt be controversial I dont know why we are having this arguement. . . Next time u want to go get a job in StanBic IBTC bank,GTB or Citibank tell them u have an islamic degree from sudan and see how far u will go |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by vizion: 10:41am On May 16, 2010 |
UpBendel: there is a common saying that "person no fit do more than wetin him sabi" the filling of important positions in Nigeria has led to a situation where "symptoms" are treated while the "ailment" is getting for servere. take as an example the recent directive that all sim cards should be registered in othert o prevent crimes |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by otokx(m): 10:43am On May 16, 2010 |
SANUSI has all it takes to lead the CBN; the jobs lost was an inevitability. In the first place they were just phantom employments and bogus remunerations. |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by UpBendel(m): 10:46am On May 16, 2010 |
paddy_lo: We hired a PM recently not based on what we saw on her resume but based on her can-do attitude and the drive to search for solutions for challenges and problems we had or thought we might have. In order words, she had a vision and she knew how/what/where to go about materializing that vision. Whether she was black, green, Asian, or Alien was of no relevance. That aside, I am now totally convinced that you just throw things out there without really evaluating their relevance. The 20000 workers you mentioned did not lose their jobs as a result of Sanusi's actions - WE ARE IN A RECESSION. EVERYONE AND THEIR BABY MAMA IS LOSING THEIR JOBS. THE BANKS DO NOT HAVE ANY MONEY. EVEN THE BANKS IN THE USA ARE NOT LENDING TO ANYBODY. IF THEY ARE NOT LENDING TO THEIR OWN WHY WOULD THEY LEND TO NIGERIAN BANKS?! THE LIKES OF THE IBORIS, IBRUS, AND AKINGBOLAS HAVE ALSO CONTRIBUTED IN NO SMALL WAY TO EXPEDITE THE NIGERIAN VERSION OF THE RECESSION. Once again, it does not take Albert Einstein to decipher what Sanusi has done and we do not have a system or mechanism in place that would warrant some of the suggestions that you lot are throwing around. Heck, we don't even have good leaders. I take consolation in the fact that the generation behind us are closely monitoring what we are doing and/or supposed to be doing. They see what their counterparts are doing in other parts of the world and it is only a matter of time before that is copied in Nigeria. Truth be told, we all know that ours is not a transparent society and we seriously lack any accountability. Perhaps our failing is that we air our laundry not realizing that the whole world is watching and listening. In case that last comment does not make sense to you, it is relevant because we now live in a global society. Nairaland is a microcosm of that representation - we in the States can interchange ideas with those in London, and those in Nigeria. And the world is watching. |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by UpBendel(m): 10:47am On May 16, 2010 |
vizion: My God!! |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by davidif: 10:55am On May 16, 2010 |
i mean - what business does a college dropout have with building the largest software maker in the world? upbendel, What a terrible, TERRRIBLE COMPARISON. You are comparing apples with oranges. Anyone can be an entrepreneur without any education but not everybody can be central bank governor. Its like putting me in charge of brain surgery. Now back to the issue at hand. In politics they say good intentions are not enough but its your actions that matter. Maybe Sanusi had good intentions but he didn't execute properly. Yes he went after the Cecilla's and co. (that's not his job, its that of the SEC and the EFCC), its not the job of the central bank chairman to be chasing down creditors, each bank negotiates the loan terms with there creditors and if they default, well, that's why they have collateral. Sanusi should not be publishing people's names in the paper and chasing them up and down like a tax collector HIS JOB IS MONETARY POLICY. that's why me and padddy lo are even questioning his competence because he doesn't seem to know what to do. Another reason why we are asking for papers he has published is that through his papers we can actually know what his positions on economic theory is and his ideas on how to solve economic problems that the country is facing. Look at Bernanke, some of his papers and research he did on the great depression when he was in academia has helped him in coming up with innovative solutions from preventing this recession from going to a depression. Meanwhile, we are still questioning our CBN governors credentials. It should not be so, in times of crisis and adversity you need you best team on the job and not 3rd team or the guys picked just to "complete the squad". Now speaking of his leadership skills, the man was too rash in his decision making. He seemed to be too eager to please the Nigerian public that's why he overreacted when he first came to office, i don't even think he actually thought it [his plans] through or maybe he didn't even know how to go about enacting his reforms. He should make cold calculated decisions only after doing DUE DILLIGENCE and he should have the conviction to stand by his decision and NOT CRY IN PUBLIC,crying does not inspire much confidence. When Hank Paulson and co. were being 'destroyed' in congress, did they go around crying oooh its a southern agenda ![]() ![]() |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by paddylo1(m): 10:59am On May 16, 2010 |
We hired a PM recently not based on what we saw on her resume but based on her can-do attitude and the drive to search for solutions for challenges and problems we had or thought we might have. In order words, she had a vision and she knew how/what/where to go about materializing that vision. Whether she was black, green, Asian, or Alien was of no relevance. Well in Nigeria the reverse is usually the case. . ppl are hired and promoted based on where they come from and who they know I dont know why u keep arguing this point,this dude is a product of Nigerias quota/Federal character system I dont have a problem with it,i just want that sensitive positions like CBN/Finance ministry not be manned by quota candidates In a global world where u can tap Worldwide knowledge by Nigerians i would prefer if those posts go to ppl that have more depth and knowledge of how global systems of economics and international finance works |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by vizion: 11:07am On May 16, 2010 |
UpBendel: what's that suppose to mean?? |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by UpBendel(m): 11:23am On May 16, 2010 |
paddy_lo: I beg! This is so not true. The fact of the matter is that the very few who try make a difference get pulled down by those that lack any vision (the crabs in a bucket analogy seems appropriate here) and it certainly does not help when oga or madam that you represent is the biggest thief! |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by UpBendel(m): 11:24am On May 16, 2010 |
vizion: You don't understand the logic behind registering SIM cards?? |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by Nobody: 11:26am On May 16, 2010 |
vizion: http://en.wikipedia.org/wiki/Steve_Ballmer ![]() ![]() ![]() ![]() ![]() Pre-Microsoft & life history gates long time rival , larry ellison , referred to ballmer as a late bloomer ![]() ![]() |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by vizion: 11:28am On May 16, 2010 |
UpBendel: Sorry i missed the logic of can u explain it latter to me ![]() |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by Nobody: 11:30am On May 16, 2010 |
paddy_lo: look at this guy yarning bs - cecilia ibru, what qualifications did she have outside of being ibru's wife? can you even hear yourself ? please stop coming over here to smother us with your crass ignorance and malignant tribalism those of us who actually work in the corporate sector in nigeria, know that movement is more of who you know than what you can do |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by UpBendel(m): 11:34am On May 16, 2010 |
vizion: But you seem to understand the logic behind installing 'highly qualified' people to high posts!! |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by UpBendel(m): 11:44am On May 16, 2010 |
davidif: Dude, na wa o! Where in the world do you get your information from?? Paulson and Bernanke have been criticized heavily for mismanaging the bailout and all its attached problems! And just in case you missed it, this recession has been described as worse than the depression!! |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by Nobody: 11:45am On May 16, 2010 |
lets see the past six central bank govnors of the uk http://en.wikipedia.org/wiki/Mervyn_King_%28economist%29 Mervyn Allister King (born 30 March 1948), is Governor of the Bank of England. He succeeded Sir Edward George on 30 June 2003. King studied at Wolverhampton Grammar School, King's College, Cambridge (gaining a first class degree in economics in 1969) and St John's College, Cambridge. While at Cambridge, he was Treasurer of the Cambridge University Liberal Club in 1968.[1] He also studied at Harvard as a Kennedy Scholar. http://en.wikipedia.org/wiki/Edward_George,_Baron_George Edward Alan John George, Baron George, GBE, PC, DL (16 September 1938 – 18 April 2009[1]), known as Eddie George, or "Steady Eddie", was Governor of the Bank of England from 1993 to 2003.[1] http://en.wikipedia.org/wiki/Robin_Leigh-Pemberton,_Baron_Kingsdown Robin Leigh-Pemberton, Baron KingsdownOneRiot http://en.wikipedia.org/wiki/Leslie_Kenneth_O%27Brien Leslie Kenneth O'Brien, Baron O'Brien of Lothbury GBE, PC (8 February 1908 – 24 November 1995) was Governor of the Bank of England. outside of the most recent, the other govenors had experience in BANKING not a long list of academic qualifications . all this noise about academic qualifications - it is precisely the fact that soludo spent all his career in the classroom and none in the real world that has led us to this impasse. anyway paddly lo and co have already tipped their hands - what business does a gworo chewer having dishing out orders to members of the master tribe ![]() |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by vizion: 11:47am On May 16, 2010 |
oyb: look at wat was bolded in your post and argue better next time ur guy already had a B.A. from Harvard before he joined microsoft. so he joined microsoft as graduate with experienced the fact that he dropped out for stanford does not give you the right to classify him a dropout P.s. go to microsoft careers profile and any day u see a complete dropout without any qualification becoimng a senior management let me know |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by Nobody: 11:52am On May 16, 2010 |
^^^^ stop trying to twist english he dropped out of school - end of story bill gates, unlike misdirected experts like you was looking for ability. its this sort of twisted reasoning that leads to the masters degree holders working as cashiers in banks - the sort of thing your hero cecilia promoted btw, so what did cecilia have outside of those honorary phds ![]() ![]() ![]() are you confused - the chairman is a complete dropout - need i say more? what of Micheal dell? or steve jobs? are they partial drop outs? |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by vizion: 11:54am On May 16, 2010 |
UpBendel: yes i do understand that you should have highly qualified people to high post and for the registration of sim cards, there is not logic behind that, it is just crap |
Re: Sanusi In Tears; Says Reforms Are Not A Northern Agenda! by UpBendel(m): 11:55am On May 16, 2010 |
vizion: You are just looking for trouble and seeking attention. |
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