Kobojunkie:

Do you have proof of the child voters voting CPC or you are just mouthing what you have read from the 'crowd' yourself??  . . . yeah . .  back to the sense of reason question you were asked earlier, shall we??

passyjango:

Like I said earlier just because a crime would not have made any difference does not justify it. The rule says no rigging. If this is proven, then some punishment is necessary.

Cue:

my question to,since your so smart,is,how does dat affect the outcome of the election?have u calculated wat d outcome is even if u remove even 90% of the votes GEJ got from SS and SE?Its d same,he still wins!!!d gap is too much for complaint.and i'm sure u kno dat a GEJ preseidency is viewed as a better bet for any South Easterner,so lets see the suffering u say we will suffer.we await.Yeah right, buhari would hav treated south east better.a place he didnt even bother campaignin in,people he feels superior to,irrelevant, please!!!!

edicolove:

What makes you think you know naija's problems more than Nigerians. What gives you the prerogative of supreme knowledge. You have one vote. cast it for those you believe in and leave the rest to God. Its called democracy. If you are so knowledgable why dont you vie for a position of leadership instead of sitting on your couch and typing stuff.

texazzpete:

You ARE a 5 year old dolt. There are no foreign troops on ground in Libya.
The United Nations dropped the ball in Rwanda. In Sierra Leone and Liberia the UN provided material support to ECOMOG/Nigeria.

In Ivory Coast, the UN has thrown its full support for any millitary action by ECOMOG to oust Gbagbo.

The UN mission in Libya is supported by a substantive UN resolution. If the African Union and Arab League had the capability and the willigness (the testicles, if you will) to protect the Libyan people from their mad dictator, US and NATO planes would not be flying over Libya.

Instead of whining here, go and ask GEJ why his ECOMOG has been dilly-dallying over Ivory Coast.

binhozie:

Sokoto:  Serious Statement!  
GEJ no go commision anything for that state!  

mekusxxx:

I have read it and I actually regret doing so, because as predicted, it is a load of poo. The poster is lamenting from the point of view of a newly-unemployed person. Nevertheless, he was in the banking system during Soludo's era when the said oversight was done. He knew some of the manipulations going on in the banking sector and he did not complain or raise an eyebrow. Instead he sat back and thoroughly enjoyed the fat salaries and unmerited perks of the then banking sector (unless he was a cleaner there). So he begins a lamentation series now that he has been personally affected and he wants to blame the CBN for everthing? Did, for e.g., the CBN ask Cecilia Ibru to purchase 28 houses in Dubai using depositors and investors money? Let SLS clear the mess like a competent administrator would, and he will be judged at the end of his own tenure. Sanusi came with an unbridled frenzy that contributed to worsen the situation. He thus, lacks vital mgt skills. That is the end of my story.

mekusxxx:

SLS (and the current CBN mgt) is the culprit: opinions

http://phpmy.saharareporters.com/index.php?option=com_content&view=article&id=3567:cbn-induced-banking-crisis-a-solution&catid=81:external-contrib&Itemid=300

http://www.ngrguardiannews.com/news/article01//indexn2_html?pdate=220809&ptitle=Why%20Two%20CBN%20Deputy%20Govs%20Lost%20Job

http://www.ngrguardiannews.com/news/article01//indexn2_html?pdate=130909&ptitle=Foreign%20Banks%20Reject%20Letters%20%20Of%20Credit%20From%20Nigeria

http://www.ngrguardiannews.com/news/article02//indexn2_html?pdate=071209&ptitle=Banks

mekusxxx:

You can only rate competence by comparing two equivalent situations. There is no basis to compare Soludo and Sanusi now (hence I have no biz really, reading the crap that was posted first) which is essentially comparing 5 years with a few months. You will know how competent Sanusi is after 5 years, being the equivalent of the time that we apply to now judging Soludo. You do not show superior competence by exacerbating an already bad situation. That, my dear friend, is what Sanusi has done.

ibrolamin:

I think its better if we keep sentiments asside and face the fact.
When SLS came on board, after the stress audit, it was discovered that a number of banks were in a critical or grave situations. He had two options as stipulated by the CBN ACT; its either the bank are handed over to the NDIC for closure as a result of liquidity problems (which would have been the worst decision) or he uses the power and authority bestowed on him on his capacity as CBN GOV to inject funds into the banks for continuous existence and to the advantage of stakeholders and the economy at large. I happen to be working in one of the bailed out banks with one of the largest customer base. People should understand that if this banks were not bailed out, a huge amount of depositors would lost their funds, the consequence would surely be lack of confidence of people to leave their funds in banks in the future; people are complaining of job losses, this would have been worst if the banks were stalled or shut down, (i would have once again been in the labour market.); shareholders would have lost their investments. So pls we should rather give kudos to SLS, he is only cleaning the mess created by the prof and i think he is doing so perfectly well.

mekusxxx:

Competence is all about clearing the mess that an incompetent predecessor left behind. If Sanusi is better than Soludo (which of course I doubt 100000000x) left him clear the mess and etch his own name in gold (at least Soludo's name is etched in silver, if not gold, in the annals of CBN banking in Nigeria). Until then, Soludo is gone and Sanusi is in now charge. He takes the heat, just like Obama is taking the heat for George Bush's incompetence.

BIGER BOY:

I have noticed that the argument here is caused by misunderstanding especially by those with non finance background, thats why some keep arguing that durring soludo things were good. Here is a crash coures in Finance;

1 No doubt soludo did a good job in consolidating the banking sector, but that was just half of the job

2 When u create banks that 'big' u need to monitor them moren (regulate), that second part soludo did not do

3 I just did a thesis on the consolidation and I found that some banks had negative working capital as early as 2005, the implication is that they were definately taking on more risk than they could handle

4 Here is a finance Basics Leverage (which the banks r guilty of having too much) creates abnormal profits, but so is the other side of it (losses)

This is where risk mgt comes in, Soludo should have known better as a financial economist that those profits the banks were making dont justify the excessive gambling and risk taking of those banks giving the vital role banks those banks play in the economy.

Looking at it in another angle we r lucky the productive economy (if we even have one!) dont depends on these banks coz they neva granted loans to the small bizs, But if it had depended the story would have been worse coz not just bankers will be loosing jobs, but the entire economy will be shedding jobs, and then we will start demanding our leaders be hanged for their omissions or commissions

saltnsugar:

Its appalling to discredit the gains in the banking sector during Soludo's tenure.In Nigeria ethnicity,Religion and the pull him down syndrome reign supreme.One person asked a question what was the banks like before he came into office,what was it when he was in office,and what was it when he left.If soludo is still in the office will there be all this banking crisis?
In Nigeria its easier to cast doubt on your predecessor when you cant match his  good deeds in the office eg. Modibbo on El rufai etc. For Sanusi's sychophants what will he say he has achieved,is it lack of confidence in the banks,lay offs of breadwinners {in Nigeria an average breadwinner is taking care of 10 persons}.The whole story has been Sanusi's story.We hope the story stands after he has left office.
During Abacha regime there were explosions in Nigeria and he blamed it on the opposition but the truth came out when he left or died.
@ poster you can blame soludo all you want but the truth remains,what is the state of the bank as we can see when he was there and now.

Well, One thing about this discussion is that Those blaming soludo for the banking woes are those who were once bank workers and have lost their jobs or are related in one way or the other to sacked bank workers on the other hand those in support of soludo are Anambrians who believe that their salvation lies in Soludo hands


The above statement is ludicrous, So Soludo was working for the Anambrians,or that Anambrians dont work in the bank or are immuned to Sanusi's actions? The opposite is the case because those affected by the layoffs will blame Sanusi because if Soludo has been in office they will still have been providing for their families.With the above statement i conclude that there alot of ill informed people on this site.

St. Edwin:

Well, One thing about this discussion is that Those blaming soludo for the banking woes are those who were once bank workers and have lost their jobs or are related in one way or the other to sacked bank workers on the other hand those in support of soludo are Anambrians who believe that their salvation lies in Soludo hands.[font=Lucida Sans Unicode][/font][color=#006600][/color]

on which premise is your argument based

babalawo:

@stealth01

While you made a lot of sense about your views and I truly see the angle that you are coming from I will be more comfortable with a topic heading like
' Of Soludo's reforms, Bank massive Layoffs and soludo's timing and integrity as a Guber.Candidate".-To say Solodu is the CAUSE will be wrong.It will be right to say he wasn't responsible enough as a CBN Governor to have managed our banks.While I view his consolidation agenda as laudable he did poorly and he did great injustice to his academic and professional pedigree in the manner in which he handled his job when it mattered most.

In Time of crises you know what a man is made of. Soludo was the CBN governor when the global economy was booming. Between 2002 and 2007 nearly all economies in the world witness a robust boom.It was easier to consolidate banks then-and it was the right thing to do but as an Economist I had expected him to know that business boom and bust cycles applied to the broader economy.-Just like the proverbail Joseph in the Bible who dreamt of seven years of excessive wealth followed by seven years of great famine.-But our Soludo was not as smart as Joseph,aside from the excess crude account consolidate account accurals,soludo maybe was carried away by the boom in the banking sector that he threw sound and risk management pratices to the winds.

The CBN under soludo did liitle or nothing to regulate the banks!-now I wonder why some Nigerians attached emotions to issues.Soludo as competent as he was did say all was well with the banks-while its was obvious to discerning analyst that there was fire on the mountain.The CBN under him even went as far as making advertorials in favor of intercontinental shedding the truth from us when it was obvious to us that foreign investment in the bank has been repatriated and the bank had made a lot of losses due to high exposure and an unregulated exposures to the Oil price surge.

I have noticed that any body that tries to put the point straight about Soludo is quickly painted a Sanusi apologist.This view,which depicts a very hollow reasoning is not surprising bearing the culture of mediocrity that holds our political culture sway in the country .Sanusi the clean-up master has made some mistakes in his clean up approach which has also given credence to tag some of actionshighly questionable.

Now the big one ,is it morally right for solodu to now come out immediately after a messing ending of his CBN career to seek political post? This action to me gives up a clearer picture of the man Soludo. Alan greenspan former FED chairman under which the seeds of the present Subprime crises were sown has in a couple of time come out to admit some inadequacies on his part when he was the FEd chairman. Greenspan will not seek a political office while the US still battles out of recession.One is quick to ask that are we sub -humans in this part of the world

I understand while some people, particularly anabarians are blindly supporting Soludo.This is under the quise of '' the crip of Chris UBA must be broken '' .Now we have a new tandem that is the DEVIL you know Is WORST than the Devil you dont know!!! But for even minded person a spade is a spade,Soludo is not the type of leader that will take anambra out of its current quarmires.

I have strong reservations againts Soludo:

1.Soludo is not a level -Headed Individual-He took all the glory with the banking consolidation-great job! but we should all remember that the world economy was really expanding then now the world is in recession he's detaching himself from his inaction's.Is this the type of leadreship we want in Nigeria?

1.Soludo is not just a common politician but a desperate one-He came out like all other politician has been saying'the people pressured me to contest".we are tired of this story we need people who believe in themselves and will come out and say I want to be governor because I have prepared myself to be governor not people who dont have direction in life and will always claim my people asked me to contest.-Nobody will go for a job interview and answer to a question in such manners!
Secondly on this point, there is nothing to suggest intelligence in his approach,and speeches so far in his quest for the government house in anambra. his campaigns has been what we have been used to- sycopancy and empty promises -making anambra dubai while not telling us how he will get the power supply to build and sustain his dubai,where he will get the police to police the dubai.

1.Soludo has no moral conscience- a Soludo that those not have the guts to accept his inadequacies whilst as a CBN governor is not cultured enough to lead Anambra.

I would have viewed him a man of content and character if he has been sending his time oustide office highlighting on what went wrong with his reforms,and how to cope with the damaging effect of a world recession on Nigerians banks.

I can only pray for those that have lost jobs- the courage to forge ahead.

Johnpaul88:

Lets be sincere for once. During the time Soludo held sway at the CBN, banking is one of the best job in the country. Are we arguing that monies used to pay the numerous workers never existed or did it suddenly grew wings and flew away as soon as Soludo completed his term in office ? I find it difficult to appreciate the magnitude of blame being heaped at his head, as the masterminder of these present plight. Again,Where did these "troubled banks" get the money they used in multiplying their branches' strenght or don't they have them ab initio ? In as much we keep holding Soludo culpable for the present travails, let us not lose sight of the fact that he actually iniated the audit process,on the premise that he will be given second tenure to implement them. Not withstanding the foregoing, presence of a few cobwebs and rats in a 50-storey building, is not an indicator that the building is near-collapse or have collapsed, as we are being mearnt to understand. I know if it were under Soludo that the audit process was actually implemented, not too many people will know that it took place b/c it will not hold the media frontburner like this. If it were Sanusi that was at CBN when Soludo did his consolidation exercise,i bet u he will never have handled this situation thus. He's just in a hurry to create an impression.