Who is this man Sanusi?
In the words of his predecessor who consolidated
these banks, “the banks were more financially robust” and doing bigger business but along the
line something happened.
There was partial deregulation and the cost of
diesel went all time high and very scarce, some of
those companies who took loans from the banks
were running high over head cost and couldn’t survive the tsunami of events that followed,
Job cuts, and eventual closure was the case. During
the last days of chukwuma soludo, the businesses
were already down so no way to repay the bank
loans.
The banks were stranded but soludo applied wisdom, in his words ‘’ decision making in the
banking system must carry the instrument of
perception along’’ and that was exactly what he
did, he quickly created an EDW whereby the near
distressed banks could quietly access Govt. loans to
revive their institutions hoping to keep people’s confidence in tact while the banks gradually
recover.
Here comes our Sanusi with his usual economic
parlance and political jingoism.
Destroyed the first instrument of perception which
soludo fought so hard to preserve by coming on National television to announce that those banks
are not healthy. Till date, we lost one of the most
viable sectors of this economy; we lost meaningful
employments and international confidence in our
banking institutions in its entity, thanks to Sanusi’s
voodoo economic theories and mystic economic solutions.
I ask again; who is this Man Sanusi and his mission
in this country?

Onlytruth:

There was never any sane basis for wanting to compare Soludo and Sanusi.

Soludo is a FIRST CLASS economics brain, while Sanusi is just a Fulani prince.

One of the things I constantly lament about Nigeria is that Nigeria is a country at war with itself; always trying to impose quota system and national character on the most strategic of offices in the land. In doing so, competence is always sacrificed, and the nation set backwards.

Throughout Soludo's tenure, everyone could see clearly a very energetic, intelligent, optimistic and transformative character in charge at the CBN.
If Nigeria were USA, Soludo's tenure at the CBN would have survived MANY presidents, because why change a winning team at the central bank? But No. In Nigeria, even JEALOUSY play more important roles in our national planning. Soludo was about to become the greatest CBN governor, hence he had to be stopped lest his people recieve the credit due to him. Even if it meant that the nation would have to go back 20 years as it has under Sanusi.

This is why some Nigerians are convinced that the only way forward is total disintegration of Nigeria so that all who wants the Soludos of this world to lead would have the type of leader they deserve, while the Sanusi types would also have him to lead them.

Ohaneze1:

Soludo Solution.

Its Chukwuma Soludo for president 2015. He is the SE consensus candidate

Mr femi:

Common guys haba!! which  one be all this praise for soludo, the dude transformed the banking sector no doubt but we all know how he ended it but all this ethnic support despite his shortcomings is funny and unreal, the guy failed at the end lets admit. And yes Sanusi is brilliant but he is an ethnic bigot, a northern instrument to serve the norths agenda  and also a islamic fanatic. I hope I have been objective enough LOL

mens dept:

I knew it. You guys just cant help it. Automatic ticket for office. Meanwhile we should concede to the current group of leaders for the next 3 years to slice and dice billions of naira abi.

Jeez

htajz:

what is wrond in soludo going for a political post? he has a good record, me personally think he would have performed better than peter obi in anambra but i guess anambra people dont want anything to do with PDP

Onlytruth:

There was never any sane basis for wanting to compare Soludo and Sanusi.

Soludo is a FIRST CLASS economics brain, while Sanusi is just a Fulani prince.

One of the things I constantly lament about Nigeria is that Nigeria is a country at war with itself; always trying to impose quota system and national character on the most strategic of offices in the land. In doing so, competence is always sacrificed, and the nation set backwards.

Throughout Soludo's tenure, everyone could see clearly a very energetic, intelligent, optimistic and transformative character in charge at the CBN.
If Nigeria were USA, Soludo's tenure at the CBN would have survived MANY presidents, because why change a winning team at the central bank? But No. In Nigeria, even JEALOUSY play more important roles in our national planning. Soludo was about to become the greatest CBN governor, hence he had to be stopped lest his people recieve the credit due to him. Even if it meant that the nation would have to go back 20 years as it has under Sanusi.

This is why some Nigerians are convinced that the only way forward is total disintegration of Nigeria so that all who wants the Soludos of this world to lead would have the type of leader they deserve, while the Sanusi types would also have him to lead them.

mens dept:

Yes, Soludo was just okay. [b]We dont need to overpraise people. The next thing you'll hear folks saying Soludo for Gov 2015, or Soludo for Prez 2015, even Soludo for Republican Nominee against Obama.[/b]Anyway, his whole Naira scheme to help strengthen the Naira was pretty much rejected by people domestically (and especially internationally) that were benefiting from the high exchange rate.

So, we have a long way to go in being clever like the Chinese, Arabs, and Westerners.

Amalaaba:

Please let Sanusi's tenure end before we condemn him.

For those who claimed that he is not qualified to hold the position, let not forget that he holds Bsc/Msc in Economics and BA/MA in Islamic studies.
By the way, the last FRB of USA Governor studied history in University.

It is grossly unfair that he is being accused of being Islamic fanatics for completing Islamic bank started by Soludo. Why are you not accusing Soludo of been Christian fanatics for removing Arabic inscription from our currency? Corruption (Financial/moral) in Banking was at its best during Soludo's regime, thereby creating so many paper manipulators.

It is easy to paint the other people black, because they belong to a different ethnic or religious group; that is apartheid.

By the way, i think Sanusi talks too much for my comfort.

maxpro-xl:

no need to compare, soludo is far better than the aboki prince. how can u compare an economics professor to a guru in religious studies.

soludo boosted the banking sector and created more employment than any CBN gov in the history of nigeria. capital base and asset base of all banks experienced tremendious growth. most banks could fund multi-million dollar projects and there was stability in the sector.

all sanusi did was create mass unemployment and tension in the system all in the name of sanitising the system. targeting some CEO's that he had beef for way back in his days as a bank director.
after then he told bank ceos that have spent over ten years to step down, can u imagine. of what relevance is that. just because he wanted people like jim ovia(zenith) and elumelu(uba) out of the system.

just recently CBN donated N100m to victims of kano bomb blasts. when did kano state become CBN responsilibility. its all in a bid to steal public funds. even state governors cant afford to donate such amount. akpabio donated N40m. who gave sanusi so much power to mis-manage public funds.

dont be deceived. SANUSI IS A RELIGIOUS FANATIC, TRIBALISTIC AND an EDUCATED ILLITERATE