Skip to main content

Nigeria's Bank crisis

Since friday I decided not to comment on what was going on in the banking industry here in Nigeria, partly because I was three busy, and partly because I really do not 'vent' about politics. Yes, I vent about the upcoming wedding, the office, and other things but not really about politics. But this one, I have to vent.
I read a post on 234Next about the banks crisis and the moves that CBN has made to try to change things, and it was alright. The information was shocking but still Nigerian. Then I read the comments.
I encourage everyone to click the link above and read the comments thoroughly. It appears that there are some Nigerians who don't realize that every decision-making office in Nigeria is rapidly being filled with underqualified [or in some cases, unqualified] Katsina and Kaduna state people. I started with 'it appears' cos I do not want to believe it is true. I encourage everyone to read through THISDAY newspaper, yesterday's edition.
Meanwhile this was my response to the writeup:
BANJI AHMED and all those condemning AKEEM KOLA ADEBAYO, I think you missed his point. When he was talking about tribal activity he was not talking about the banks issue alone. Take a good look at the recent activities in FERMA, PHCN, CBN and other key decision-making posts in the country - you will see that the top crop is being replaced by unqualified, or lower level underqualified katsina and kaduna men. Just look well. One retired northerner even wrote a signed statement about it - it was in yesterday's papers. I personally know that the FERMA head was sacked without preamble. That is what he is refering to, not the bank issues alone!

While CBN has the authority to caution erring banks, I do not see how they have the veto power to 'sack' bank MDs and chairmen, especially banks created by private hands. And I also agree with the fact that people's assets should not be seized to pay the debts incured from failing businesses, only the collateral.

While the US has given us till 2013 before we implode, I for one pray that the tension wont give way before then. Since friday one statement I heard during Abacha's rule has been echoing in my head = 'The northerners are born to rule. The others are born to serve them.'

Let's all start praying for Nigeria o!

Comments

Popular posts from this blog

EKITI KETE

What is this wahala now? Why must such a tiny state in Nigeria cause so much wahala? It is not even in the center, it is not even an original state but a cut out of another. I really dont understand why every newspaper feels they must print something about Ekiti on the front page every single day. And this has been the case since it was created. The latest sensation is the election rerun that even our busy President had to take time to go and see. I mean, you would think with all the monitoring eyes, everything would run smoothly but no, another twist in the saga has been announced.
The outside world thinks we should be ashamed of ourselves. I a just praying that it does not get bloody, and that Ekiti will stop trying to keep attention all the time.

Am not dissing Ekiti o[that was for Vicky who will soon be my husband, so he'll not quote me after the wedding - he's from Ekiti :D]. Am just saying they should behave themselves.

Hey Mum

Hey mum,
I just wanted to thank you.
I thank you for deciding to get married - some women didn't see the need.
I thank you for deciding to have kids - some women didn't want to mess up their figures.
I thank you for going through discomfort all through the pregnancy.
For going through all the pain.
I will be forever grateful to you for allowing God to use you to bring me to this world.
But that's not all.
You didn't give me away - some women did that to their kids.
So I thank you for putting your needs, your wants, your career aside, to raise me.
I thank you for taking the time to teach me the Lord's way.
I thank you for loving me with all my faults.
I thank you for ensuring that I had the best you could afford.
You are a mother, and blessed are you amongst all women.
I LOVE YOU

Plans List?Carried out or not?

Have you ever planned the next year of your life and then after a few months, realized that nothing went according to plan? Well it happened to me. Back in October, I knew where I wanted to be in a year's time: I was going to be married, with my husband and I studying in a foreign country for masters degrees. We had applied and then things began to happen.
First my Dad felt I was rushing to get married (Never mind that he'd insisted when I was 17 that by the time I reach my age, I should have given him 2 grandkids for him to spoil). Then my acclaimed alma mater university refused to send my transcripts to the schools I had applied to. As if that was not enough, I had not taken my TEOFL exam which was required to apply.

Its now June. I lost the admissions because my transcripts never arrived even though my university claims they have sent it. My father has finally agreed to let me get married BUT at his own convenient time, and his own way (he has just declared he doesnt want us …