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Nairaland Forum / Nairaland / General / Business / "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru (33233 Views)
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Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by Timfreds(m): 11:14am On May 11, 2019 |
Karma is real. We all knew Sanusi plot to bring down Cecilia back then. Thank goodness he's now experiencing a fair share of it. |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by chiedozie198100: 11:19am On May 11, 2019 |
chloride6: shut up. soludo saved the banks and not sa-nu-na-nshi. (igbo language) 1 Like |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by Chukazu: 11:20am On May 11, 2019 |
9jaRealist: Oga there is no bank whose shareholders can not rescue 1 Like |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by Timfreds(m): 11:29am On May 11, 2019 |
Wallade:My brother God bless you! I like your analysis. 1 Like |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by 9jaRealist: 11:33am On May 11, 2019 |
Chukazu: So why do you think some banks go under? What happened to Lehman Bros? Barings? ACB? Etc.?! 1 Like |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by ideylaff: 12:01pm On May 11, 2019 |
yjgm: Erastus Akingbola |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by Advancedman(m): 12:10pm On May 11, 2019 |
chinambusay: |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by Jarus(m): 12:14pm On May 11, 2019 |
Even after the plea bargain? 3 Likes 2 Shares |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by Kennydoc(m): 12:20pm On May 11, 2019 |
midolian: Stop bringing Igbos into this Sanusi and Ganduje feud. It's not our business. We only comment cos we're still part of Nigeria for now, and we reserve the right just like every other Nigerians to make comments on issues going on in other parts of the country. |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by kayjay69(m): 12:50pm On May 11, 2019 |
Yes ma I totally agree with all you said but please can you also help us shed light on how you ran Oceanic Bank Plc like a private enterprise using depositors funds as you pleased? No one is perfect, Sanusi is far from perfect and his tenure as CBN Governor did garner alot of controversy some for the right and some for the wrong reasons but as far as removing those CEOs, HE WAS ABSOLUTELY SPOT ON!!! It is a shame he didn't remove more, probably couldn't do so due to politics. They were all corrupt administrators using depositors funds for personal gain, no different from our corrupt politicians. Even after some of these banks got CBN bailout money or govt intervention fund, it was the same end result of mismanagement, so in my opinion they just had to go. A lot of bad loans with little or no collateral were given to questionable companies fulfilling little or no requirements, under the watches of these so-called CEOs. Overall, this created a negative perception of our banking industry and in turn affected the economy. And whenever they ran into murky waters, the government was always there to help. Money that ought to be used for some other pressing needs somewhere else in the country was used to bail these banks out. For this and this alone Sanusi was right. Some may argue that his persecution was selective, I don't doubt it cos the evidence points in that direction but you can never argue that those CEOs were not corrupt and that they had not lost their way. chinambusay: 1 Like 1 Share |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by 3rdavefarms(m): 1:05pm On May 11, 2019 |
adeboladudu: airsaylongcon: HomeOfMe: Thanks for the update 1 Like |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by princenaira(m): 2:08pm On May 11, 2019 |
The curse I placed on Sanusi in 2009 when he made me loose #2,000,000 in a defunct Micro finance bank(Mustard seed) has just started coming to pass after 10 years. The MD of the bank who was an accomplice is already serving 15 year jail term which started from 2014. Indeed God answers prayers 1 Like |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by bigcasava1(m): 2:13pm On May 11, 2019 |
Soon sanusi become like ordinary village chief, hahahaha! Wicked fanatic |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by Beedude(m): 2:39pm On May 11, 2019 |
God save this woman she's not a Chinese or Korean, by now she would have been forgotten. 1 Like |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by maasoap(m): 2:45pm On May 11, 2019 |
iammo: Was that why Cecelia voluntarily pleaded guilty and entered into a plea bargain and returned billions of naira and forfeited properties? Don't forget that she also served two years in prison. Why do you guys loved looters so much like this? 1 Like |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by iammo(m): 2:51pm On May 11, 2019 |
maasoap: is it like you are blind or kindof slow (asin with special needs)? didnt you read "however this woman was a corrupt spoilt brat turned CEO" ? on my second clause of the statement. 2 Likes 1 Share |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by Chukazu: 7:57pm On May 11, 2019 |
9jaRealist:I was referring to those banks in particular, I didn't indicate that. Lehman brothers had nothing to do with shareholders fund , but accounting fraud...if that is your reference there's not a single Nigerian Bank not involved in accounting fraud, that includes First Bank where Sanusi was CEO. HOW in the world can you convince one that banks with Northern interest like Bank of the North and Unity bank had better balance sheet than likes of Oceanic, Intercontinental and Afribank? Most of those bank were in a worse state when Soludo came on board as CBN governor but he chose a different approach unlike Sanusi who just created unnecessary panic in the whole system 1 Like |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by 9jaRealist: 4:57am On May 12, 2019 |
Chukazu: Accounting fraud had NOTHING to do with the collapse of Lehman Brothers (ironically fraudulent lending caused Oceanic Bank’s issues). Lehman Brothers collapsed because it was over-leveraged, with over $600 billion of debt at the time it collapsed and shareholder equity of about $22 billion (market value of $60 billion at its height). Lehman had played heavily in the mortgage-backed securities market and thus the subprime mortgage crises hit it badly because a default in about just 5-7% of its portfolio wiped out its entire shareholder equity (emphasis original). Unable to raise additional shareholder equity or secure a governmental bailout, Lehman was compelled to close shop. As for Bank of the North, it was NONEXISTENT by the time that Gov Sanusi undertook the bailout exercise in 2009, so is irrelevant to the discussion. Meanwhile, Gov Soludo did NOT meet the same sort of crisis Sanusi did. In fact, it would not be entirely incorrect to say that Soludo met NO real crises at all. The situation that Soludo met were many little banks with such little capital that they effectively could not provide requisite financing for businesses. He thus RAISED the minimum capital requirement of banks, compelling consolidation in the process. > |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by 9jaRealist: 5:04am On May 12, 2019 |
maasoap: Incorrect, she served 6 months in a private hospital... |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by Denique(f): 7:45am On May 12, 2019 |
chloride6:And Jim Ovia of Zenith Bank! |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by yuskel(m): 4:32pm On May 12, 2019 |
[b][/b] when I was in office, if I was at home, you wouldn’t find a parking space in my compound; it was always filled with cars and people who wanted one favour or the other from the bank. But after that episode, everywhere became empty. This is an important lesson for everyone in place of power and authority today. You are surrounded by so many fake people! |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by yuskel(m): 4:34pm On May 12, 2019 |
when I was in office, if I was at home, you wouldn’t find a parking space in my compound; it was always filled with cars and people who wanted one favour or the other from the bank. But after that episode, everywhere became empty. |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by yjgm(m): 5:10am On May 17, 2019 |
ideylaff:Thanks |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by yjgm(m): 5:11am On May 17, 2019 |
moshoodn:Thanks |
Re: "Sanusi Persecuted Me As He Thought I Wanted His Job At CBN" – Cecilia Ibru by Titogbanski: 5:32pm On Feb 11, 2020 |
MiddleSpot: Yes....na Elumelu, Jim Ovia, Sanusi na im poor. Lairs. |
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