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!

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