Sanusi re-assures banks chairpersons of government’s support

This is the right step in the right direction. If only our government can take a cue from Mr. Sanusi. The same action has helped Ghana toaday, making the former dying country to become a tourist haven. We need to rid our financial sector of blind and selfish management. This is the only way we can move forward.

realy a right step,the change was long been due,more audit should be done on the remaining 15 banks.keep up the good work cbn.

when breeze blow,fowl nyash go open

nice one CBN governor. more auditing have to be carried out in the remaining banks.

Honestly, i am very happy. Let's see what will happen next

Very Bad Idea, The consequences of this irrational action will be loss of public confidence in the system, financial collapse and panic plus insecurity of lives and property of affected persons. This policy must be reversed immediately

The elites are our problem in this country, they don’t tell us the truth, they are all thieves. Let us wait and see. They are still the same people, they are just rotating themselves. Thieves, they will not tell us the truth.

i shall be brief - fasola president, sanusi veep, amaechi senate president. not in 2011 but today!

I am so glad that this news istrue after all those of us who have argued and pursued developmental finance and economics have been conssistently chased from the industry here is our time please how do we re-enter the industry to make Nigeria a manufacturing economy?

My problem is CBN's language. some of these informations are not too good for consumption of the Nigerian public. These banks are as good as dead.

for the junior banker "gone are those when monkey dey work baboon dey chop, its time for baboon to enter bush"

I think the decision is wrong apart the fact the consequences of this irrational action will be loss of public confidence in the system, financial collapse and panic, insecurity of lives and property of affected person. I think is so unfair that the big fat bad boys owning these banks are moving about freely and hoping get more loans, later using there connection to unsit the proffessionals. Nigeria government should and work on NEPA/PHCN

Please let them know it is not business as usual. Fire on Sanusi. You have my support.

CBN should tell the public how and when those toxic assets will be recovered.Most of the directors of failed banks are walking about freely today while depositors funds are still trapped.

I read somewhere some definitions i like to share: 1.Conspicuous consumption - "the propensity of capitalists to put their wealth on haughty display as an exercise of power" (coined by economist Thorstein Veblen, 1857- 1929). 2.Code of Financial Correctness - " A set of rules to guide your consumption patterns, to help you spend money in ways that are spiritually and culturally uplifting" (David Brooks author of Conscientious Consumption). I'm wondering how many of us in positions of authority, not just bank executives, will pass that litmus test. Long live the Federal Republic.

As they say in Banking 101, your deposits must be able to meet your withdrawals at certain comfort levels. The CEOs have turn Nigeria banking industry into BOLEKAJA process. They give loams without due process by wanding that 5% power thru management ownership. No colaterals offered or requested. Just MAN KNOW MAN buddy system. How do you justify one cumtomer with no prior business experience or structure receiving over N14B from Intercontinental Bank. Lets see what happens in the next round of this very interesting boxing match. BULDOZA on SANUSI.

@kanayo. Why do you say these banks are dead? Moves like these should improve the public's confidence in the banking industry. The fact that the watchdog is not going to sleep and taking such steps like these is a sign of positive steps in the right direction. We should expect more of these. You can't say because a recovering patient begins to cough out phlegm when the septrin he's taken for a bad cold, he's getting worse. Instead the drug is doing its job and removing the rubbish. good goverance and leadership is that drug. Let's have more does of it.

well,'same'as the slang goes.they are still the same people.El-rufai started well but later swaved,l tell you they are still thesame people,they know themselves, they know what they do,but we realy need a God fearing someone in this country.l hope and pray sanusi is one of them cos l'm sure he's very intelligent and he shouldnt let the thieves in Nigeria play on his intelligence if his own hands are truly'clean'.gudluck my dear sanusi and dont disappoint me.

what happens to the innocent shareholders by were con by this fruadulent cooked bank books as well, don't they need protection as well, there investments is a deposit as well,they deposited there monenies and not guguru, my CBN governor what are you going to do about protecting them as well