Cecilia Ibru surrenders

SORRY ABOUT THE SICKNESS MADAM,ITS JUST THAT YOUR DEAR DEPOSITORS ARE ANXIOUS FOR YOU TO BE INVESTIGATED, PROSECUTED AND JAILED, IF YOU ARE FOUND GUILTY OF FRAUD AND ARBITRARILY GIVING OUT THEIR MONEY TO PEOPLE IN GUISE OF LOANS ,OR FOR YOUR NAME TO BE CLEARED, IF THE ALLEGATIONS ARE NOT TRUE, ANY WHICH WAY,NIGERIANS ARE CRAZY FOR JUSTICE ON THIS CASE.PLEASE GET WELL SOON AS THE PROCESS IS LIKELY TO BE TEDIOUS.

My fear is that at the end of this bank cleansing, sanusi would not have succeded in taking these Banks from Akingbola & co and give same to his brothers in the north under the guise of new investors.Aside this,sanusi name would ever be engraved on Marble.

Mrs Farina has to be seen to be working ooo, how can Mrs Clinton come and dash her F9 and you think she will just sit down in Abuja and let Mrs Clinton be abusing her. Mrs Fariga do not mind them. Arrest everything in sight and you will be right

Well lets just see, if they lock up all the other thieves, why not Ibru? Is it that she has already used the depositors money to use as bribes???!!! No wonder Obama didn't set foot on the rich soil of Nigeria!!

I really am starting to feel for this woman,even though it was my bank she manned,she doesn't deserve the treatment she's receiving,at least not this way or is it bcos she's a woman? Well,my funds are still safe at Oceanic Bank.

Development in the banking sector in Nigeria is capable of sending anyone among those directly involoved into a state of shock. I learnt, according to Mack Ogbamosa, Akingbola's mouthpiece in one of the online reports that Aknigbola is alos abroad for medical reasons and that he would give himself up to the EFCC with time. Whatever the agenda of Lamido Sanusi, my own grouse is that just as this bank executives are being hounded into jail pending arraignment, I expect that all former Public Office holders who have made away with the nation's money should as well be made to face the same music. What is good for the goose should also be good for the gander. If Nigerians allow this opportunity to slip away, with only the bank executives hounded into jail, there all never, never be accountability in Nigeria.

she has finally come out of hiding.....madam where are depositors money?how did u give loans without due process?like i always said....anything u do in life ..would always show..positive or negative....can this woman be jailed if found guity? lets watch and see...i dont trust this government............I PREDICTION IS THAT THIS CRIMINAL WOULD GO FREE.........LETS NOT EXPECT ANYTHING IN THIS CASE....WHERE IS IBORI,LUCKY IGBINEDION,ODILI,OBJ,IBB,....DIDNT THEY GO FREE....LETS WATCH THIS NIAJA DRAMA AND SEE HOW IT WOULD UNFOLD...........

The good book says "We look for JUSTICE,but find none;for DELIVERANCE, but its far away." This is the Nigerian story so far. EFCC is busy hounding failed banks'CEOs meanwhile they have forgotten about the WONDER BANKS (Nospecto and Co)and their sponsors!EFCC how far? Did depositors not loose money too? Were these fake banks not a threat to the economy? Did they not commit financial crimes? Which way EFCC? Which way Nigeria?

If these bank folks are indeed guilty of fraud (and not just poor risk management), they should all be subjected to the full weight of the law. However, we should be wary of persecution rather than prosecution.

Because of Mrs. Ibru and her family, Oceanic Bank become one of the strongest bank in Africa.. I can not believe the government turn their back on her and treat her bad.

Well! I will see where these ends- politicians will seize dis opportunity steal more money..atleast efcc harmless attention is not on them atleast for now.

I guess the thought of what will happen, when all the fraud, bribery, she has been carrying out comes to light, sent her to the hospital (that is if her story is true). Madam sorry oh!! Get well.

A military-style move by CBN; very upsetting destroying highly-regarding people.

Sanusi wants to systematically dispossess the bank owners of their rightfully-owned enterprises. The bankers must fight it out with the CBN in the courts. If he had any honesty of purpose, he would have started his so-called audit with Unity Bank, the SICKEST bank in Nigeria. Soludo's CBN granted 70 billion to Unity to save it from insolvenz last year without sacking its CEO or management. It's an open secret that Unity has more than 100 billion naira in non-performing loans, which are mostly granted at the recommendation of Emirs and the Sultan.

This people criminals.They deserve what is happening to them

Now you’re crying over banks. It’s your turn, Southern Nigerians, to feel the heat we have been subjected to for years now in the North. In Jos, they want to appoint an Emir, in a place where Hausa/Fulani are settlers. They sent in Boko Haram fighters early this year to massacre the people. In fact, many Southerners were also killed. And when the FG delegation visited the place they met only with Hausa/Fulani, even shunning the governor, David Jang. In Kaduna, Bauchi, Katsina etc Christians are living in fear. At any rumours about religious riots, everybody rushes to schools to pick their children. In our own homeland. Remember that when the old Kaduna was divided into 2 states for the purpose of religious peace, Katsina was supposed to be mainly Muslim and new Kaduna state mainly Christian. Today, we Christians have again been turned into minority in Kaduna. In the civil service or state cabinet you will not find more than 20 per cent Christians. Yet, you our bethren in the South who should support us have abandoned us. But the signs are there since June 2007 that the Yar’Adua government is a Jihadist government with its behaviour in the North and the Niger Delta and now they want to capture the Lagos economy. When we will be smart enough to know that divided we fall and united we stand? When we will recognise that an injustice done to one is injustice to all?

It’s unfair to treat this illustrious citizen like a common criminal. What crimes is Mrs Ibru supposed to have committed? From my basic knowledge of law, from business school, there is nothing they can charge her for. I have reread my notes on loan and loan default several times and cannot come up with any single reason why they can treat her like this. Or why the EFCC can come into the picture. Depositors didn’t have problems withdrawing money from the bank and there’s no signs of distress before the CBN invaded the place. It’s important to note that the bank chiefs are in most cases the majority owners of these banks. Ibru and Akingbola founded their banks. These banks are not federal companies. It’s now very clear that Sanusi and YAr'Adua want to take over these banks and give it to their people. If Nigerians could be so treated in their own home countries, then how can foreigners come in to invest in the country?

Abuja Airport now has parking space problems with more than 30 private jets struggling for a hangar. Go to the airport on Friday morning and see the Northerners in white babanriga flying to Kaduna, Kano and Sokoto in their own aircraft. Who are the owners of these planes? Finding out how these jet owners came about their wealth should be a major concern for the EFCC not disturbing creative people who built these banks from scratches with their intelligence and hardwork. The professional lazy class wants to take them over just as they’ve taken over the federal administration and oil industry.

EFCC if you stop this campainge only on banks, then you deserve spending the rest of your life in prison.

What is the gain you are deriving fronm this image laundering? if she is sick for all that attrocities, who cares? Where do you leave the depositors that would have commited suicide if not for the intervention. This woman is heartless, if she can give billions to her nanny as loan, to do what? She deserves traement robbers get.

Funny how as soon as any personality is indicted for fraud in Nigeria, they immediately fall sick eh

This isn't right! I don't question Sanusi's motive but I don't like his style. There are 2 sides to a story, let's hear the MDs side too. I think its suspect that Sanusi did not give the bank md's the examiner's report so they could defend themselves.Let's see how it all plays out.

@AH that is exactly hpow our people inNigeria are. Do you think other banks do not have the same issue? Now they are busy tidying their books while they witch hunt others... Why could they not have given Oceanic time to recover all funds from debtors? That is why I have left the country... it is a dog eat dog situation. No respect for human rights!!

THE CURRENT EFCC ARE AT BEST A BUNCH OF COMEDIANS & CARTOON IDOLS... NOTHING COMES OUT OF ANYTHING THEY DO SINCE RIBADU LEFT. THEY HAVE NOT DISAPPOINTED- WE EXPECT NOTHING FROM THEM AND GET NOTHIN IT IS WRONGFUL DETENTION TO DETAIN THE BANK MDS REMOVED, ELSE WHERE IN THE WORLD THEY ARE GIVEN BAIL, DOCS CONFISTICATED & ASKED TO REPORT TO A POLICE STATION TWICE A DAY. I GUESS EFCC WANTS TO MAKE US FEEL THEY ARE WORKING. NONSENSE!! THEY LACK FINESE & KNOW HOW , ANYWAY WHAT DO YOU EXPECT FROM MADAM WAZIRI- YOU CANT GIVE WHAT YOU DO NOT HAVE

@ Ongwe: You have noticed that as well. As soon as any ex- Governor, politician or even militant is indicted in Nigeria, they suddenly become ill. LOL!

@ Damola: So someone who was a nanny over 30 years ago will always remain a nanny in your eyes. Please let's stop being petty about serious business. While I do not intend to hold brief for Mrs Ibru (and I am all for punishing her for any real crimes that is actually proven against her), Among the many "atrocities" (to borrow your ascription) that Mrs. Ibru and Oceanic Bank has committed has been to be among the most active lender to the real sector (ie, manufacturers), to small-scale businesses and to infrastructure projects (including MMA2 airport terminal and Lekki-Epe Expressway), which constitute higher-risk financing, and not to mention gainfully employing thousands of Nigerians all across the country. Please, let's not just give a dog a bad name in an unseeming haste to hang it. Let the EFCC prove its case in a properly-constituted court of law (and not in advertorials on the pages of newspapers) before we start punishing anyone.

We have already pronounced this lady guilty with our comments.That's unfair. Let's be a bit objective.The Ibrus have as much to lose if Oceanic was badly run. Its not just about depositors. The Ibrus are also depositors and largest individual shareholders so if the bank collapsed, their deposits and investments would also collapse.

@ Damola - You are being a bit sensational. Where is the accusation that she gave that she gave billions to her nanny as loans? Stick to the facts and stop sensationalising.

Do not fear even if there is a Northern agenda to all these....it will not work before it reaches that stage Nigeria will be divided as the US has already predicted but the middlebelt has to stand on its own otherwise you'll be given out to the hausa/Fulanis by the other self-seeking ethnic groups! Make your stand clear now and shout it out that you are not Northerners o!

Some say the treatment is not fair, some say we have already pronounced her guilty, some say is it because she is w woman and so on and so forth. Me say: I am tired of situatiopns in this country, I can bet with my life that nothing will come out of this, you can easily read the end from teh beginning just a poor Nollywood movie; as usual, Cecilia will go scot free, Akingbola will go free. Have we forgotten so quickly: Ibori, Alamaseiga (or whats he called), Fayose poultry farm etc etc etc etc etc, didnt we see them being paraded at efcc just like Mrs. Cecilia? Lets not deceive ourselves, nothing, i mean nothing but more money for some moneybags will come out of these; its just like a game of chess, some will have to die for some to grow, as for and my house, we have refused to die!

pls somebody ask the CBN Chife were is the result of the remainig banks, or is it only this five banks we have in the country. i think this CBN Chife is not being just, cos its been abt 2/3 weeks now. Mr Sanusi, were is the result of the remaing banks???????????????????????????????????????????????????????????

This was the same woman we saw on TV when Mrs Hilary Clinton came to town. She is a coward and She's got a lot to hide!

Its a shame that this is all a case of giving a dog a bad name to hang it. Waziri wants debtors to magically produce billions (which I am sure she and all EFCC personnel have never seen)in one week and for some STRANGE reason, hand the funds over to the EFCC rather than to the bank being owed. You arrest/detain individuals for days without due process or even giving them the opportunity to organise the repayment of their debts while the Odili's,Ibori's and Babangida's walk about freely. Sanusi, where are NOSPECTO and co's investor's funds that were frozen and held?. Nigerian's have very short memories and are apparently too forgiving. When the HEAD is sick, there is no way the rest of the body will be fine. The thought of this country makes me weary. Wither our salvation oh Lord?

Let us face reality. These people were not lending money to small businesses. They were lending to people that had one connection or the other, people that were referred to them by top tycoons in the country. For me, am not supporting EFCC or the banks but why will billions of Naira be non-performing loans. Remember these billions are in the hands of few people who have the effrontery to use the money gotten from the banks to buy private jets. Let them face the law please.

i think there is more to this bank issues than meet the eyes/ears.is sanusi trying to tell me that all is well with springbank,unitybank.situation report on other banks should also be made public.really,in all this situation,i smell a big rat.

Sanusi lacks knowledge on how to handle issues. He wants to fulfill Northern agenda. They claim Soludo gave d banking sector to the south and east. I pity u Sanusi cos u a not only a fool but an overzealous tool. U ll fail Mallam Sanusi.

what about the faith of workers in oceonic bank. with this kind of bad publicity before long wokers wil be out of their jobs. it all sounds so dangerous and frustrating

Finally Nigeria is DOOMED! With people still thinking that these people of the soil should be treated fairly! Ask Maddoff! Nigerians wake up. These attrocities need no scientific joggling. Just pack them all up guilty or otherwise to Sahara desert and let them trek back through Niger Republic or Sudan. @Seriousman, i completely agree with you. This is complete Nollywood. In fact by Decemeber, all these people will be in one church or the other giving testimonies and thanksgiving. By early next year, it will be one chieftancy title or another. IT IS FINISHED!

Firstbank made provision for almost 45 billion while Sanusi was head of Risk Management and MD, can CBN please opublish the name of First Bank debtors

Lets watch and see where this drama will end. Next Editors ought to do balanced reporting and not castigating people as they are doing. Are the bank chiefs being held for fraud or for giving loans that are non performing? Let EFCC do its work without gracing the pages of Newspapers. Let them look inwards and do a thorough job instead of running to the press now and then. Only time will tell whether there is Northern agenda playing out. I still recall Vangaurd of March 23 where Omoh the business editor did a scoop on the script playing out.Peeps are not even looking at that report. For those abusing Mrs Ibru, she built a bank from scratch.Let them go and build a microfinance bank then come and cast your stone

thank you madam for apearing from where you hide, sorry for your health ,that is, if you are really sick ooo. because i know your a true naija woman, you can do anything to prevent EFFC from interogating you. to Waziri, truth is always biter now you can reallies that MRS CLITON was right by her comment about EFCC. thank you for waking from your slumber, you are doing a good job, dont worry about what people are saying, do your best and leave the rest to God.

all of u that are screaming, 'where are depositor's funds?', am too sure non of u have deposits in this said banks, and also if u have, have u gone to the bank and ur money wasnt paid to you??? u all just sit in ur homes and digest all you hear and read and make yourselves judges. alot of people that withdrew their funds are going back with their tails between their legs and putting their funds back. all the M.Ds that lent out money did it based on competition amongst themselves... do u think they did it to ruin themselves??? have a rething people and stop criticising. do u think its only the banking sector we have issues like this??? am too sure wen we look deeper into the oil sector, PHCN, and a host of others, we will be shocked at wat we find out, and i believe thats wen we will know the true meaning of EMBEZZLEMENT!!!!

She's stolen so much she's even bought her own whiteman! Great stuff!

Nigeria elites are liars! Recession just dey start here o! NSE Director General(Okerere-onyiuke) said the other day that 80% of Pension funds is in danger of being lost and Nigerians are not voicing their anger about this! Where do we go from here? So our pension fund will be the most hit by some people incompetence? We are talking about some people life-time savings here. Can somebody smell something?

what has Mrs Farida been doing all this while.is she just waking up from slumber or being coerced into taking these actions to prove a point.the politicians who have stolen and are still embezzeling are sitting in abuja where they( EFCC) relocated to lagos from.am sure she walked passed alot of them before she came into lagos.....yes its a cleansing activity but charity begins at home.....the take on corruption has to be WHOLISTIC!!

The banks may have erred in their processes, yet, the CBN and the EFCC, have seemingly not handled affairs with professional expertise that should normally guide their actions. To make matters worse is their overtly dangerous garrulous positions to, perhaps, show they are working. I ask, why treat these large employers of labour as common criminals? Why did the CBN make sensational their first set of findings without necessaarily concluding investigations on the other banks? Don't we see the potential destructive capacity this has on the banking industry, generally? Now, if this industry fails, what becomes of the varied direct and indirect beneficiaries? Why is Farida Waziri, all of a sudden an active EFCC boss(we know her gross incompetence, afterall); Why do we as a people characteristically tend to gloat over the travails of those we, hitherto, celebrated as champions? Indeed, it's a pathetic situation. I hope for when we'd deliberately just do things right.

For me Mrs Ibru is not the problem personally. it's the system that is in place. if things begin to get out of hand maybe shge should name names. Many people who collect loans on personal recognition are politicians too who need such 'secret' loans to prosecute elections. I'm only angry that these bank chiefs all the while were claiming that their banks were safe when in actual fact they were seriously distressed. 'Mighty' banks with world recognition were failing/falling and 'mere' Nigerian banks(who claim strength by having meagre shares in the mighty ones) were boasting of profits?.. anyway in the end they'll all go free, 'scot' free for that matter....abi no be naija we dey?

I think we should get something right. Are these people alleged of fraud or poor risk management? There is a clear difference between the two in which case, provision is made in the books of account for this bad credits. While am not saying these bankers are right or wrong, the question is, where are the debtors? Why cant they be declared wanted too? Who has declared that the Dangote in question as one of the debtors is not popular Aliyu Dabgote but another one? I dont know if readers have noticed that there seems to be hidden agenda somewhere. May God help us.

this government is not sincere, they havent told nigerians what they are up to,what happened to the freedom of information bill,by now nigerian would have known the real truth not speculations, now they make executive members swear an oath of secrecy,what nonsence.if they dont have a hidden agenda,why in the world will they do that.yar adua is the chief culprit by designing a system that is aimed at putting nigerians in the dark this is all a poor nollywood film,we know the movie directors and how they whol thing will wind up. Allen

All of u that didnt know what was going on were just displaying ignorance. Go and read an article titled "NIGERIA: GROUP PLOT TAKEOVER OF FIVE TOP BANKS" published in Vauguard Newspapers of 23rd August 2009. You will see that everything happening since Sanusi came in was a drama script written by Arewa Consultative Forum and Sanusi was just a mere actor. I sympatise with Mrs Ibru and Mr. Akingbola. They are g8 achievers that built a global bank in 20 years by through hardwork, vision and courage when their contemporaries were looking for jobs. They created jobs for thousands and created wealth for many. What is happening is global economic meltdown and its beyond their control. 82 banks have been closed in America since meltdown stated, and 200 on the deathrow, none of the CEO was treated this way. This action of CBN may look good on the surface but the motive is evil. Wait and see.

let us be objective here, if the law says no organisation can declare anyone wanted, then that law should be respected. am not a fan of all these bank MDs but we should do the right things if we want to really entrench the rule of law in our democracy.

Pls let us not be misled by this act of injustice, it is a known fact that Nigerians in office use their office 2 fight personnal battles. There are not just 5 banks in Nigeria why is Sanusi particular about these banks? is it because they opposed his election to office with the reason that all the financial heads in Nigeria are from Kano? did they not make sense? Nobody has any right to detain anyone except the court of law. Besides whr has EFCC been before now cos there are a lot of corrupt people in Abuja thr. They now make this bank saga headlines. Please whatever happened to our 7-point agenda??? & the Federal Universities on strike??? Nigeria is in trouble and only God Almighty can liberate us

hello Nigerians, its nice to hear about the finantial fraud where people eat and drink lavishly on other people's sweat abba!God no dey sleep oooooooo. i hope the govt would be sincere enough to see this issue through to the latter. but conventionally we all know what happens to the rich at the end of all this noise; then dey go free. what shall it profit a man or woman if he/she gains the world and suffers the loss of his/her soul. where is MICHAEL IBRU(HE IS SERIOUSLY SICK)the business morgule who owns what is being enjoyed by others. that is what would happen to every other cheats. its a chain reaction

During the consolidation era, Bank of the North [BON] had a negative of N43 billion [-43 BN Naira!!!] as shareholders fund. Soludo's era granted BON a debt cancellation to better position it for a merger in the UNITY bank group. The CBN did not make an issue out of this. UNITY bank has not published its account since consolidation and has more non-performing loans than Oceanic & Intercont.Unity bank was given a N70bn bail out last year,yet the CEO was not sacked. Sanusi, tell me,why did you not commence your audit with Unity? One thing is clear, the offense of these sacked CEO's are poor risk management which is not any where near a criminal offense. We are watching!

As EFCC chairman, Farida Waziri was nominated by Bukola saraki who ruined Societe generale bank, a friend of James Ibori who borrowed huge sums from Cecelia Ibru and refused to pay back from. why can't waziri investigate Saraki or Ibori who are the cause of all these mess?

i hope all work out well and the common man would benefit because after all this noise nothing usually come out of it. waziri u still have lot of work to do- first look into the senate house and house of reps especially on this car craze God forsaken speaker and the senate president NEMESIS would also catch up on them

my comments were not added wetin dey happen i would call EFCC for you people for corruption in terms of selection of article and deprivation of human right.

BOYO, they have been accused of both - fraud and poor risk management. In fact, forensic accountants have been called in to unearth facts beyond what the books reveal. There are allegations that these people had fronts getting loans for themselves (the CEOs). This is unethical and the simple name for it is fraud. In addition, many of them leased their "personal" property and others belonging to their cronies to the banks at cut-throat rates. This we have gathered through the grapevine. And for those who think the solution is to shatter the country, get this straight. Our problem is neither ethninicity nor religion. These are mere facades over the weightier problem of the nation - an unscrupulous political class. All parts of the nation have a share of these mindless political class, the north or south. If we go our different ways, we'll still find them in every corner. So as you anticipate a collapse of the state, prepare for another battle with the mindless and roguish political class.

And yeah. somebody please put a warrant for the arrest of the former CBN boss. it all happened under his 'watch' didnt it? In civilised places he'd have 'questions' to answer @ annoyin contributor lol! good stuff.. but dont bury her yet, let her die first @ Ongwe u got that right, lucky 4 her the EFCC boasts the best detention facilities in the country..alomost like a hotel room...what are u bringing ur white Dibia/Doctor 4 @ EVERYBODY.. lets not take sides. mrs Ibru/and the rest are not guity yet..or Innocent..let the law tell us which

Our problem is that we are soft on elite crime. Let them catch a thief in Oshodi and watch how justice is summarily visited on the poor bobo on the spot via tyre and petrol. Nobody stops to ask what ethnic group he belongs to. But let them catch a rich man/woman, all of a sudden, the pity-patter will start and then questions will be raised on what ethnic group he or she coomes from. Mscheeewww. Silly country! Thanks Sanusi Lamido Sanusi, anything to cut down our elite to size to bring them to the notion, principle and understanding of human equality as is done in civilised countries, I celebrate you.

Lets keep our fingers cross. good luck.

this Military approach is the wright approach to Nigerians i strongly support it, but for the sickness i wish you quick recovery so that you will face the trial with your full sense and health. get well soon. Get investigated soon, and get punish soon if found guilty.

Let justice be done rather than pointing an accusing finger at anybody.how many of our senators has been tried by the so-called EFCC and convicted on d ground of non execution of contituency project.Benin Ore road contract was awarded to known contractors no investigation.what to d senators house commettee on power,where are d light of ex-ministers avaition scadal.if not this not for saga we wouldnt know that EFCC is still in existence.if at end of the competent court finds the CEO'S the affected banks quilty they should be punish according to the provision of the law.there's no rightfuf thinking businessman would like to watch her business colapse overnight.

Nnenna, I think your option of leaving this country is the best. I am afraid the county would blow up someday soonest. CBN's approah is criminal! Why not carry out total audit of the 24 banks before making a pronouncement?? Why not leave the Management, and still use EFCC to recover the money? God is not asleep though. Mrs. Ibru is innocent, and will surely overcome.

The ef chin chin is a toothless bulldog,that can only back but not bite.We undastand their strategy ,they want 2 have their own share of the#748billion that was collected by some few priviledge money mongers.

@ Cyril pls tell u whether u work at unity bank to know so much about them. Or are u just smearing them because they did not go to the capital market to gather the hard earned money of unsuspecting Nigerians to spend on frivolous for-show projects and flaunt flashy jewelry all over the front pages. Stick to the facts here and stop spreading lies which you copied from one yeye Fatai Agboluaje. Or Fatai, is that you again masquerading under another name? Better ask those who mishandled depositors money to return them rather than chasing shadows.

This exercise should not go the way of other crusades initiated by the nigerian government that never had a logical ending. To restore people's hope and believe in Nigerian Banking sector, this should be pursued, transparently, to a logical end. I feel for all the former bank chiefs sacked but the rule guiding the industry should be adhered to regardless of who is involved.

What about the Federal Ministries and Govt. Parastatals that owe? I don't hear anybody talkin about them.

@Annoying contributor - She did not bring any whiteman, the man is her daughter's husband who is a faithful son-in law who stays with her mother-in law come what may. She is a great woman, not minding any comments. It is human to err.

at best we can display our literary prowess on this forum thanks to the internet and NEXT. these guys have made up their minds on what they want to do, nigerians as usual have believed in rumours, lies, half truths, unfounded stories. Which of you on this forum has gone to oceanic,intercontinental, afribank, finbank and Union bank and were told to come back later that your money could not be paid. we get carried away too quickly by bragats and smooth talking people and always fail to check whether processes are followed. We get too sentimental and let our prejudices fly high, beclouding common sense judgement and make speeches/write ups out of myopia than objective reasoning. I bet few people that commented know the implication of the credit downgrade nigeria got two weeks ago as a result of the unprofesional way this matter was handled. We are just majoring on minor issues, asking for people's head, when alot of the comments were made out of the half truths the media fed to us. Little is said about infringement on fundamental human rights abuses in this entire process, abuse of procedures, and unethical practices. Rather we are shouting tribalism on the rooftops. Obviously some people have use this as practicals to improve thier writing skills. Based on the comments here alone, you know how difficult it is for this nation to be one. Opinions differ no doubt, but there should be rational and reasonable not sentimental. Nigerians, lets demand for justice that follows due process and respect for human dignity!!!

I AM SUPPRISE THAT YOUTH WHO ARE SURPOSE TO BE THE LEADERS OF TOMORROW ARE NOT SEEING THINGS THE WAY THEY ARE.TAKE A LOOK AT THE NEW TENURE SYSTEM INTRODUCED BY THE GOVERNMENT IN CIVIL SERVICE AND TELL ME THOSE THAT ARE SERIOUSELY AFFECTED. WE SHOULD BE CONCERN ABOUT WHAT WILL MOVE THIS COUNTRY FORWARD AND ESCHEW ETHNICITY.

The Northern states government rotten the former bank of the Morth, now Unity Bank.The Federal Govt had to intervene before it was able to meet Soludo's bench mark of N25 billioon. Uptil now can we say the bank is healthy?Absolutely not!Sanusi should have dropped his axe there first before the so called "five Banks" which are by any standard far stronger than Unity Bank.Iam very sure he overlooked the Unity Bank because of Northern agenda.

Sick ko sick ni,.But if indeed the pearl of banking is indeed sick it is good. She should sample a bit of the agony she has been putting other people through.Now she throttles up with lawyer,doctor and her bunch of apologists.When Madoff gave himself in no-body was with him he took full responsibility for his actions and pleaded guilty immediately.Rubbish Nigerians they are supporting a thief. Madoff had to be protected because they felt he could be gunned down ,those whose money he stole shouted abuse at him at the docks you people are talking about how an 'elite' is being hounded.You don't know what has hit you yet give it all one more month and when you cannot eat you will hate your-selves Because of the cecilia's of Nigeria there is no job since they wouldn't fund industry,the educationists are suffering since they will not pay the teachers,there is no energy since they are funding the generator importers,the defence of the country is weak since they will not pay the pension of the old,sick and dead soldiers,no health services all doctors have fled abroad,no roads since they all don't use roads anymore but fly all over the place .This woman represents self aggrandisement personified,robbery of the nation of Nigeria,pure pure thievery,not even shrouded in pen robbery,un-ending greed and avarice ,the highest form of kleptocracy,insatiability appetite,love of money over the Kingdom,God will judge you cecilia,all those you trampled under foot their heads are fighting for them in God's name you will be jailed.Where is adeboye and olukoya now see your-self all those 12pm praise worship to them hehehe. GOD ALMIGHTY will not be mocked .

Equation in similar matters is: BANKS borrow to companies... COMPANIES do businesses and provide services... GOVERNMENTS do not pay for services... COMPANIES (CEOs) end up declared wanted???? Hold on for a second... WHO IS THE DEBTOR HERE... Yes you are right GOVERNMENTS (not only in Nigeria but all over the world)... So what do GOVERNMENTS do to get rid of the BAD DEBT... YES you are right again... GOVERNMENTS do exactly the same what CBN Gov is doing... inject some small (or “BIG” money) and try to overtake the banks and CLEAN the BOOKS or GET EQUITY or DESTROY THE BANKS AND BRING IN FOREIGN BANKS THAT WILL FORGET THE DEBTS... So who is wining here??? Again you are truly amazingly SMART... GOVERNMENTS WIN ALL THE TIME... PEOPLE NEED TO PRAY FOR BEING ENLIGHTENED TO BE ABLE TO UNDERSTAND IT. WITHOUT UNDERSTANDING OUR PROGRESS WILL BE SERIOUSLY CONSTRAINED BY GROUP OF WELL READ AND SMART PEOPLE USING THEIR SENSE IN BAD PURPOSE AS IT IS THE CASE IN THIS MATTER... Let us all use our sense in good purpose to CREATE VALUE, BUILD INFRASTRUCTURE, INVEST IN ECONOMY (as BANKS are DOING). Only by doing what ALL BANKS ARE DOING (giving loans) we will be able to avoid MODERN SLAVERY… GOD HELP YOU IF YOU DON’T UNDERSTAND THIS… NO COMMENTS NEEDED… just try and absorb… YOU CAN DO IT

As much as I want to show some humane poise on this issue, the truth is that an economic crime is an economic crime. There is no difference between the destroyers of Enron, Madoff and the leaders/owners of Nigerian banks. Just as justice is being done in the US, justice should be done in Nigeria. Let them all face the wrath of the law.

most of these depositors are actually being owed by the federal govt. if the bank officials are found not guilty, CBN and EFCC officials MUST be probed

@Yvette - Why are trying to tar Unity Bank? Is it possible that Soludo could single-handedly hand over to Unity 70 billion naira without anybody knowing about it? And the accounts that I read in LEADERSHIP and New Nigerian some time this year, which Unity Bank was that? Please, if you do not have facts, do not join those who are peddling lies just to justify ethnic agenda. Did Unity raise money in the capital market? Did it give marginal loans? Does Unity Bank even have an Oil and Gas unit? Trying to paint other banks black just to justify your biases is downright unfair.

i pray for God's divine intervention in the case of this country.it so painful to see all this.pls consider the youth of this country.want legacy are u giving us.God help us

I am not supprise this is happening, I will join moy voice with those that support this change. But why not do the same thing to public office holders who have done even worst to nigeria. We no them, eat with them and some we even sleep with. EFCC BOSS FELLOW THE CONSTITUTION AND DO THE SAME THING TO THEM, THAT'S THE ONLY WAY JUSTICE IN NIGERIA WILL BE SAID TO BE FEAR.

A lot of stupid comments from ill -informed group of people. Just because of Sanusi's action people are already riding rough with their tongue. Nobody has been accused of stealing money what we hear is non-performing loans. It took OBJ for Nigeria to be rescued from debt, Nigeria was took loans that were not performing then. I just see "bad bele" against the rich. I feel those you want to be rich will never display this attitude of "serve them right" - court is yet to find them guilty. Never forget the politics that is going on presently...Give these a break and watch the outcome. Ask yourself, Sanusi was First Bank CEO. He said First Bank is clean. Why will it not be clean else he will be the first to go to jail if found guilty. It seems somebody is playing a script somewhere. Thankk God for the Ibrus - AeroContractor, Oceanic, Hotels, Newspapers, Fisheries etc big brands that Nigeria is proud of. All those throwing stones, I wish they could have a bit of entreprenerial spirit the Ibrus have...Again, let us not rush into judgement yet.

Even thou the Voice of dissenters may seem louder; we that support you are more. And we say keep up the fight. EEFC is only acting like a Mad dog and her chairman (who is unworthy of her name been mentioned) has finally found the opportunity to make herself popular. Although we are not absorbing you of guilt, Sansui’s action reeks of foul play, personal agenda and conspiracy. *Conspiracy by a Ethnic Group to control the only sector of the nation out there reach since their attempt to utilize Religious sects have only come back to bit them in the ass. If they deem it fit to squander our oil wealth and share it within them, they (the ethnic group in question) have no moral precedent including the CBN Chief for the action the carry out. * Sansui’s Personal Agenda: Apart from the usual curse of Nigerian Leaders which pushes them to destroy and devalue achievement of the past in other to take the glory for themselves; this man is also plagued by his allegiance to the above mentioned ethnic group and a personal vendetta against his formal colleagues in the banking industry (if he was any better we is his former bank a shadow of its past glory surviving on old money) *Evidence of this is the manner in which the banking audit was not completed before he decide to prosecute the banks that form a crucial part of our economy and means of resistance to the said ethnic group, giving undue advantage to other banks whose audit has not be concluded. Although in the end change should come their bank Chief's approach to reforms if not resisted would eventually lead to the fall of the banking sector and in the long run damage to the only means of resisting the Northerners desire to enslave the entire country while there children fail to contribute to national growth. My fellow comrades do not stand idly bye with arms crossed. Let your voice be had. “In the end we would not only remember the action of our oppressors but the silence of our friends"

No matter what anyone thinks or feels i am STRONGLY OF THE OPINION that if the likes of obasanjo,odili and ibori still walk the streets of Nigeria as free,and innocent men then everyone is innocent and NO ONE should accuse or detain any one for whatever reason in this country.EFCC needs some training or refresher courses so that they can do exactly what they are expected to do.As long as the depositors are not complaining neither are the employees crying of not been paid salaries then there is no crime at all. EFCC please open the books of the likes of NEPA,PHCN,NITEL NNPC then we can credit you for this.

The CBN boss, Sanusi is doing more harm to the banks than the good he is seen to be doing. Sanusi should have given the banks' management ultimatum to recoup the non performing loans and still go ahead and give the N420b to assist the banks. No body wants to identify with a failure. Depositors have lost confidence in the so called failed banks. In addition, we are all waitingto see the outcome of all these dramas of EFCC and the CBN. It will be disgraceful if it comes out to be political.

Nigeria system of government since Independence has been in the hands of the few priviledged ones. They made the rules, violate the rules and went away with it. The current problems in some banks will soon be over and the people involved will be as free as air. This shows that our leaders have no fear of God in them. Let our leaders give Nigerians the opportunity to be educated, the whole system will change. May be that is why the government is not giving adequate attention to the education sector. It is a shame.

Those that approach equity should do so with clean hands. Let due process be followed by ALL stakeholders in this saga for the sake of posterity, however it is sad that despite all the frenzied activities by the CBN and the EFCC over the last few days it is instructive to note that Nigerians are deeply divided as to the true motives of the powers that be. That clearly shows that Nigerians have not been fooled by all of these. It is amazing that the EFCC seems to have had the scales suddenly fall from their eyes and it makes me wonder why they have not pursued the clear and brazen cases of corruption by former as well as sitting Governors and political heavyweights with the same fervour and gusto. It appears that this crisis has suddenly given them a sense of purpose that was hitherto non-existent. Who is really fooling who??? The EFCC and the Federal Govt should stop chasing rats while the house burns! The biggest cess-pits of corruption in this country can be found in the innermost recesses of Aso Rock and the State Govt Houses. Investigate the banks and financial sector by all means, but don't think you can fool Nigerians into believing that you're not protecting the biggest thieves of all! The EFCC and it's pied pipers may run, but they can never hide, they shall also face the judgement and wrath of God sooner rather than later!

So much noise has been made on this, but lets get put things inthe right pespective have these MD's given out loans without following laid down banking rules and regulations. are they beneficiaries of these loans. what roles have the internal /external auditors played. Are these loans really bad loans,because Jimoh Ibrahim said he has been servicing his own loan and that he wasn't oweing what CBN claims he owes. My believe is if these loans followed due process then CBN has guffed. there is so much Politics involved.

can someone give me the difference between what ASUU is demanding to revitalize nigerian universities and the amount being siphooned by these fraudlent nigerians

its not clear from the photo; where is OUT and where is IN?

This time shall surely pass. All hidden manipulations, facts and agenda shall be revealed.

I do not like the way things are going. Fellow Nigerians let's imagine ourselves in these MDs' shoes. It's not fair for Sanusi Lamido to just destroy the images which these people have built for years, just like that. Okay, fine, their crime is that they gave out loans without collaterals or 'due process'. These things are done in all Banks, for some highly respected customers. Let's be sincere, even people collect loans from their blood brothers and dissappear into thin air. The man should have given them a warning and a stipulated time to recover the debts, not like this. MAY GOD PAY HIM BACK IN HIS OWN COINS.

Mr. CBN governor, please what are you doing about Unity Bank? Why is Unity Bank a sacred cow? It is becoming clearer now that Ya'adua has a hidden agenda. Certainly, we are patiently watching. Oluade Tijani

The CBN boss, Sanusi is doing more harm to the banks than the good he is seen to be doing. Sanusi should have given the banks' management ultimatum to recoup the non performing loans and still go ahead and give the N420b to assist the banks. No body wants to identify with a failure. Depositors have lost confidence in the so called failed banks. In addition, we are all waitingto see the outcome of all these dramas of EFCC and the CBN. It will be disgraceful if it comes out to be political.

Cyril, be careful how you go about smearing people. The Sultan is not your mate!

@ABDULSALAM....ESCHEW ETHNICITY? How sarcastic and questionable!!! I wonder why all the witch-hunted banks have southerners on their boards majorly. Anyway, talking doesn’t change anything. Let’s sit back, fold our arms and see how these dramas unfold.

EVEN THE EFCC ARE CORRUPT TOO,BEWARE EVERYONE..............

Where is the hype of the story that Ibru was flown out of the country with a private jet of one the heavy debtors of oceanic bank. i think the media should not make this seemingly serios and national issue a gossip outlet to sell. This is a very grave and stupedous calamity that should not be triffled upon. if the fears of ethnic cleansing of the banks is allayed from Sanusi sledge hammer, i think this bank reforms can be branded as a very ferious revolution which i doubt if the military on their own could have executed

EFCC SHOULD ALSO LOOK INTO THOSE WHO STEAL AND SAVE MONEY IN OTHER COUNTRIES, HOW DID THEY MAKE THE MONEY. THEY SHOULD'NT JUST STOP HERE O! IF THEY KNOW WHAT IS GOOD FOR THEM. WE HAVE A WHOLE LOT OF THIEVES IN THIS COUNTRY.

EFCC,pls leave mrs Ibru alone. This is a woman who has employed numerous jobless graduates, empowered big and mighty finanacially, put food on the tables of many, giving scholarship to our children in schools etc. Have u forgotten she founded the bank with her sweat without looting the Govt treasury? Pls live her alone. What has happened to the likes of James Ibori, Lucky Igbenedion, Alamasiegha to name but few who has looted the treasury? These bank debtors nko, what's EFCC doing to them? I mean the likes of Aliko Dangote, Femi Otedola, James Ibori, Ex CBN governor, Charles Soludo eettcc. Madam EFCC, pls, probe the BANK DEBTORS not BANK MD's.

Justice should be done, they should face whatever trail that comes their way afterall.9geria will one day be count among the CORRUPT FREE country if all hand are deck to fight this incident of corruption in the country.They should only but be handled in confirmity to offence commited.

I don't trust any public office holder in this country and can never invest in shares in Nigeria.It is a risky adventure.Let them all inherit the earth as for me, its heaven.Let them continue.

Mama, I am so proud of you. No matter what happens, we will pray for you. As long as you did not compromise your position and your decisions while in office, you will come out victorious. I know that there are certain decisions your subordinates take that may not have been in the best interest of the bank but you have done us proud by facings up to the consequence of your stewardship. Some former President of our noble country past and present can not give themselves up for scrutiny. You have won my vote whenever you decide to run for the exalted office in the land. Kudos.

Damola re your comments, I suppose if you started of as a nanny, you have to remain such for the rest of your life. It says a lot about Mrs ibru if she was able to see beyond someone's humble background and support there aspirations. Is that not what we all want as Nigerians? If she is guilty of any criminal offence, by all means punish her, but do not bring irrelevant things into the fray.

i still feel it is not the responsibility of EFCC to chase and recover debts, but i feel the formerbank executives should make themselves available if their is any case of financial misappropriation leveled against them by the CBN. i dont think they have any cause to worry if their hands are clean

I still feel it is not the function and responsibility of the EFCC to chase debtors and Recover debts. but if there is any case of finanacial misapproriation leveled against the sacked bank chiefs and their accomplice, then they have questions to answer from the EFCC. they should not run away from interrogation if their hands are clean.

@Attai. Waiting until this banks are unable to meet their obligations as and when due will be a reactive approach which could spell doom for the financial system and the nation as a whole. People lost billions on Naira to the NSE because of manipulation of these "wiz-kids". These Banks have been badly managed Chikena... First Bank usually compete keenly with Union Bank before now. what has happened?

madam best banker of all time,you need to be strong at a time like this. abeg answer all charges against you.am touched by your sickness,i pray that you get well.nevertheless help efcc recover the non servicing loans you gave out to the so called super rich nigerians and help unveil the reported gang -up against bankers from south nigeria by the north.but haba madam why you wan run with jimoh ibrahim jet?you must explain all these questions begging for answers.

Sorry for your health! But why now? You are wanted for questioning by EFCC only and you refused to appear? Now they declared you wanted, you came out from nowhere to say that you are sick. Who are you fooling now?

If your hands are pure then you don't need panicking,just go out there and defend yourself and that is all.Why are they all in the Hospital @ a time when they are needed?.And for EFCC Boss, kudos to you, you are doing a great job pls keep it up Madam and don't be either be intimidated nor be influenced by any external means.Good people of Great Nation (Nigeria go beta)

I think one thing should be made clear here,these bank executives have not been found guilty by any court. So lets try and manage our choice of words here.Whoever is found guilty should bear the full weight of the law. Until then, decorum please!!!

Now that Ibru is out, thank God. If at the end these banks will be sold to the north, it will not work to say the least.When the norh ''lost out" during consolidation , they did not cry out. it is only mischievous for any one to think there is a hidden agenda. Are there no southerners in CBN?

I don't know what brand of OGOGORO Yvette takes. Whatever brand it is, I know it is the rut gut type. Otherwwise why would a sane person stoop low as to allege that government is using tax payers money to prop up a private financial Institution like Unity Bank. And all this while nobody knew about it until now that Yvette is revealing it? For God's sake, get REAL!! Face your problems and stop slinging mud. GOD HATES LIARS!

a forum like this is actually a welcome development. of note is the fact that the rule of law never being operational in Nigeria, what the Law enforcement agencies do is only reactionary in nature, the bane of our society is in the non pro activeness of measures aimed at curbing crimes. It is actually deplorable that Banking which was erstwhile a conservative profession was turned into a market fit for all charlatans. a few Banks in the country still practice the kind of banking that does not encourage this mad rush for money. the CBN should tighten up their belt for more cleansing

@ Cyril your opinion sticks friend. if unity bank truly got that bail out, how did u hear about it. open secret, hehehe! as if there are any secrets in the sector. if that were true, it would have been out in all this mess.

I hope , when - not if she gets convicted, that she gets a cell in the mens section.

Patrick, I think the issues are more fairly treated if it is not smeared by biases of subjectivity, we must acknowledge the fact that there is a problem and there has to be a solution, however we go about achieving the solution is a different matter altogether. the CBN will audit the books of all the 25 Banks and we shall have recourse to the the real truth about our Banking industry. So sheath your sword and exercise some patience. DON"T ALLOW YOUR ETHNOCENTRIC SENTIMENTS OVERCOME YOU! Try and be a good and patriotic Nigerian abeg.

@ patrick, bros you sabi say unity bank dey very conservative. them no go dey splash splash money on high risk ventures. abeg go check facts again.

some people that are meant to be learned people are really thrilling me with their sentimental statements. Giving loan is not bad, it is granting loans without collateral that is a sin. It is called abuse of office. Trading in stock is not a crime, using your exalted post and the information u have to trade in ur own stocks so that your stock price can appreciate is a sin. If someone is managing your supermarket and he mismanaged it and you have to pump money into biz all over again, will you still allow the same manager to run the biz. The CBN Gov acted within his constitutional power in every way. The only thing is that, he should have waited for the completion of the audit of the banks before doing a general sanitisation. If all the ratios gave by CBN on these 5banks are correct, then the banks are gravely sick. But, do u notice that the banks are not disputing CBN ratios? We do not have to be sentimental, or ethnicised this or play victimisation card. These are the trump cards being played by the rich to retain their status. I am out............

I hope they put her with the men -when the conviction comes through.

@Akpuche Frank Iyaji: This is how you people go about smearing people and organisations. Why is the bank not healthy? Because it doesn't make noise? This is a bank that did not go to the capital market to use depositors funds to flash their MD's picture on the front pages of newspaper. This is a bank that has never placed a cap on what a depositor can withdraw from his account and yet you say it cannot be healthy! Do you know how many south west and Niger delta people have interest in Unity Bank that you are calling it northern agenda? Know your facts before you post silly comments!

I totally disagree with the Akpuche, it is not fair at this point in our history to trivialize issues by digressing off point. it is really unfortunate that somebody can still be thinking like this at this point in our history, Issues of Ethnicity should not be tabled at this forum, we should make all efforts to tackle the real crux of the matter which is the fact that the banks have totally been in disregard and violation of all Banking ethics, in an attempt to meet up with outrageous targets set by by Banks, our funds have been mismanaged and the management of the Banks and their Board should be answerable. The fact that Sanusi is a Northerner should not be a fact in issue at all, if Soludo had done this, would you have also said that it was an igbo agenda???, the earlier these Banks are sanitized, the better for you and me and even our generations unborn

i think the statement of the CBN governor is clear, these 5 banks out other were on the verge of systematic collapse, if nothing was done; and on other banks, it is clear that the regulators are still around and looking through their books. This is a welcome change in the banking sector, it should not be seen as a war against southern bank . change is difficult to accept, lets accept this purging, i believe its a plus for shareholders eventually

@ tops believe me, consolidation made competition very stiff. maybe this compelled Cecilla and co to over step their bounds. and you know, when politicians were inaugurated in office, these banks were rushing to offer them credit with incomplete documentation and no collateral. flagrant abuse of due process. now they are having difficulty recovering them. i no blame the debtors jare. no be black man talk say awoof no dey run belle?

Hey people come on! why make judgment on what you have little knowledge about. Are we now implying that the list of debtors are lies or that the move by CBN to revamp the almost dwindling banks is a lie as well? Banks like unity Bank might not be a "branded" per say but they dont cook books or create accounts, thats why they cant be dragged into this present scandal. Banks should try and achieve being bank through ethical practice and transparency in order to survive in the industry. Kudos to CBN, atleast we can have confidence in industry.

apuche, dont forget there were 8 other banks in the train. Bank of the North alone cannot sink Unity Bank. Go and review your facts.

Nigerians like to learn the hard way, If the five executives that have been sacked and are arraigned to the court are found guilty, let them face the law. Next time they will learn how to be accountable to the task given to them. A leader is suppose to be a servant of the people but in Nigeria a leader oppresses the masses. This money we are talking about is other peoples money kept in your custody, you give them out as if it were your personal money and most times they turn to bad debts cos you have taken your own share, how many times will banks fail in this country. Mama Ibru, One would think as a woman you would be more diligent and accountable to monies under your care. If you are found guilty sorry you will have to face it and pay for if. See you when you get there.

its just a pity that nigeria celebrite mediocrity. The northern guys are planing to take over the banks. What they didnt plant they want to ripe.

This is pure politics.Lamido Sanusi,EFCC head,Mr.President and all this fighting corruption,when they are the definition of corruption. They are so interested in owing a bank,why not start from the scratch and see if it is easy building a name.

faultfinding? shifting blames?not owning up to what is wrong and wants to be corrected, (even if it wont be) is cowardice...taking sides is worst, being objective is just it...there's no basis for all the NOW accusations against Wema,Zenith,Unity,Spring, etc..lets just face it and hope for the best...sanitazition is healthy

Sanusi, check very very well! i know why i'm saying this because you are either falling for it (i mean IT)or...RESERVED!

Forget about all this stuff of Sanusi, and waziri, Sanusi is just the "Hitman" for the Northers agenda.They are using him to achieve their goal in Banking sector. More things shall come out soon. Meanwhile Nigerians, should stop the attitude to condemn characters without trials,just because some one in the government invited the press and publish issues of his own or position against another. A wise man doesnt Judge from one side complain,i believe that Nigerians are wise people! I do not blame anyone who has rushed comments on this issue because Nigerians already are confussed because the tyrants called leaders here in the country and too many liars,much forcefulness, far mightiness, and much strong for the people and their tone are not easily understand because of their hidden palns. They air what they assume is good to hear by people and divert the real action.

I strongly feel for Mama Ibru. I want to believe she put in so much into Oceanic for it to have grown to this level. Quite frankly, SLS should have released all results instead of just 10 banks. I smell a rat here.

Na So! It is hi time for everybody to clean his name. Madam must surunder or else she would be force too. CBN/EFCC should investigate these MDs on their motives when issuning such loan without propare clearance to the share holders, its glaring that those who clam to be rich in this country are either feeding on loans or embaziling Govt/state money. And thos who clam that these is the agenda of the North, to take over these bank should go for spiritual cleasing urgently to safe them from the sentimental thinking about every war on curroption in Nigeria. EFCC/ CBN well done may God continue to give the wisdom to fight the unforseen

those with gullible brains will always applaud showmanship or showmomanship cos they are too dull to read between the lines.it's dangerous to have such people in the majority, which by the way, explains the position of nigeria in the commity of nations.

nigeria will never learn until they start putting square pegs in square holes.as long as you mix democracy with quota system,we will continue to have idiots in sensitive positions.

HOW MUCH IS YOURS OUT OF THESE BILLIONS???? I WONDER HOW MANY PEOPLE GET TO THESE BANK AND DO NOT SEE THEIR MONEY THERE. SO WHY CASTIGATING THESE SET OF AMBITIOUS NIGERIANS. MORE OVER MANY PEOPLE POINTING ACCUSING FINGERS DO NOT HAVE BANK ACCOUNT NOT TALK OF HAVING MONEY IN THESE BANKS. IF U DON'T HAVE THE INTELLIGENCE AND ABILITY TO DO BUSINESS WITH YOUR MONEY AND U KEPT IN THE BANK, AT LEAST PEOPLE WHO DO WILL GO FOR YOUR MONEY AND USE IT. I ADVICE PEOPLE TO CONSIDER THE PARABLE OF TALENTS IN THE BIBLE. "FROM HE WHO HAS NOT WILL BE TAKEN AND GIVE TO HIM THAT HAS..." PLEASE GET BUSY ALL ACCUSERS!

Dis country needs God's intervention, why can lamido invite the MD's and give them a time frame to recover the loans and deploy some officers to the various banks for monitoring of the recovery process rather tha causing chaos in the industry

we have many of such CEOs in other sectors of economy... to other monitoring commisions this is a wake up call.

I think Nollywood will have to visit EFCC for auditioning bcos we have very good actors and actresses amongst them. No I actress is Farida. Shame on you EFCC

It is always easy to see others people problem,talk about the wickedness of others,but what about ourselves when people are not looking.It is unfortunate have given up on Nigeria a long time ago.the bible as said it all man rule man to it's own detriment.Evil is every where and the heart of men is easily seduced by wickedness,which they easily today attach to something good rather to their own selfish wickedness.Imagine the level of wickedness that will make man to cut another man head either for ritual,for show of religious strenght or as a price for heaven.In so much as in trying to defend the Go'o'd in us all. we deny it's truth

Please people saying the banks should have been given time to recover their debt are not serious. They have been given time since OCtober when soludo introduced the EDW (expanded discount window) to recover their debt, but it was only getting worse. And to those saying Unity bank was given N70 bn are not serious. There is no way Soludo could have given money to a bank without making it public and Untiy Bank unlike other banks did not take part in the Capital market even the CEO admitted this like in the first quater of this year, you also hardly hear about Unity Bank when it comes to oil deal.

Comments are Free, Facts are Sacred. Please search for the facts and most of you guys will roll over backwards and cry bitterly.

@Tricia why are you exhibiting your ignorance on this page? Is cecilia the cause of lack of power and the stagnancy of the education sector in Nigeria? What for the EFCC to complete their interrogations and findings before you begin to rain abuses on the woman. What if she is found innocent, would you come back to this page to render your appologies? Also, why dont you make a constructive and intelligent comment on the issue and leave the men of God out of it. Just a brotherly advice.

What ever happened to the politicains like Odili whose name i also saw in the CBN list? is EFCC not going after him?, this is simply a witch hunt while some keep their foot crossed on their table enjoying the borrowed money and flying business class while others are being detained by EFCC. Ibru is only a scape goat ,i wish she had stayed out of the lame light while things where good. If found guilty they should all be prosecuted but if i know how similar cases have gone in the past , nothing will be achieved , have we forgotten so soon of the obasanjo's daughter saga, Ibori,odilli. etc to name a few. Lets enjoy the news sensation now while it lasts! God save us all and our money too.

I will say dat in a situation like this counsel to cecilia ibru should not say that nobody that has any right to declared anybody wanted apart frm the court of law,he is going to quote it for them in that court of law,second i will say that mallam sanusi lamido has not completed his job as the (cbn) governor he should go back again & ascertain some of our politicians & government parastal agency

Please my dear Governor - Sanusi Nigerians are anxious to know the audit result of the remaining 11 Banks, so pls don`t keep us waiting for more than neccessary.

Jim, does it matter if it is IN or OUT? can you guys see how we trivialise serious issues here. Instead of looking at the 'big' picture, we are concerned on whether it is north or south, Sanusi or Soludo, script or no sript, bow tie or cutlass tie! please let's get serious.

the northern people are everywhere searching for power even the act of chasing people with efcc is sponsored by the presidency.so shameful

Lawyers are having a boom time in nigeria.

this is tragic, she looks very worried, (as she should well be). Why surround yourself with doctors and associates though? Where are your children? Where is your brother? True family sticks to you in times like this

@Southerner... you fold your arms and sit back and we shareholders need to take some action and protest!!!

The president is not and can never be sincere in anything is doing,people forgot his 8 point agender though he forgot to mention the 8th one which was his health and that is the only thing he plan to tackle for the 4 years of his tenor,probably he had the northern agenger which to change the head of all parastatus to a northerner and favour little that not from his region but friends who has stolen nigeria wealth and spend on his election so dont expect anything meaningful in the banking sector(trial of the bank chiefs),all is a charade

Sanusi has done the right thing. What is going on here has been festering for a long time and is being covered up via writeoffs and new Public offers to an unsuspecting public. Would you believe that some years back, one of the 'A' banks has a director that spent 99 million naira on an 'S' Class and another 75 million naira for a BMW, all armour plated at the expense of his shareholders. Some banks are busy paying bonuses on the strength of accumulated bank loans which they know they have little hope of recovering or getting repaid. The rot has to stop somewhere and I think the right start is being made here. Corporate governance and probity should be the focus of any meaningful corporate growth as well as the credibility of the Stock Exchange rather than the blatant insider trading and book fiddling which seem to have become the norm in even some of our most respectable corporate giants. No one should think this has anything to do with tribalism/nepotism. Speaking as a Southerner, it is clear that the lunacy transcends these touted excuses and that Justice shoould be seen to be done not just for the man on the street but also the reputation of our country

Nigeria: a non-stop lawless circus with 140 million ringside seats. Is it that nobody knows the rules and laws, or simply that everyone chooses to ignore them? Ignorantia juris non excusat - this applies to our beloved government agencies

If u want the Ghana type revolution to take place in Naija, how and where should it start? Nigeria needs a revolution that clean the system, but how do we begin it. If my brother in the south is believed to have been corrupt, would I allow him to be shot like a criminal. If I should shield him, what about our northern brother, do u think I would have the right to insist that he should be shot as well. Certainly , we have to start somewhere. But is Sanusi is pursuing a northern agenda, he will realise that Nigerians cannot be fouled. It is unfaire to be selective in dealing with the crisis in the banking sector. Why go after five when u have 24 banks in the country.

ALL OF A SUDDEN, WANTED BANK MDs ARE FALLING ILL, ACCOMPANIED BY DOCTORS, PROTECTING THEMSELVES WITH SHAMELESS LAWYERS, RUNNING TO COURTS FOR INJUNCTIONS ETC. ISN'T THESE FUNNY? OGAs AND MADAMs, PLS PAY BACK DEPOSITORS MONEY!!! OR ELSE......

ITS SO SAD THAT NIGERIANS, INSTEAD OF ADDRESSING THE FACTS ON GROUND AND CRITICALLY EXAMINING THEM ARE BUSY REDUCING THE ISSUE TO TRIBAL N ETHNIC BASIS. FOR ONCE, LETS LIVE ABOVE TRBAL SENTIMENTS AND CALL A SPADE A SPADE. AFTERALL, THESE ROGUE MDs DID NOT SHARE THIER LOOTS WITH SOUTHERNERS NEITHER DID THEY GIVE SCHOLARSHIPS TO THEIR SOUTHERN BROTHERS. THEY ARE SUSPECTS AND SHOULD BE INVESTIGATED AND SUED TO COURT. IF FOUND GUILTY, SHOULD BE GIVEN MAXIMUM SENTENCES IN MAXIMUM SECURITY PRISONS. AM TIRED OF NORTH/SOUTH, ETHNIC/TRIBAL SENTIMENTS, PLEEEZZZZZ!!!!

The accused is presumed innocent except adjudged so by court of competent jurisdiction. The case of the bank chiefs should chief should not be an exception. This are people that have received various award. Who will deal with a fail Government. Yar' adua have achieve anything since he become president. His only achievement is putting Nigeria in reverse gear. Who appropraite the N420 billion pumped into those bank. This culture of impunity imbibed with illegalities. It is an impeacheable offence. Obama does similar things after the approval of the congress. Who approve this money. At least soludo was harrassed for AFC investment. Sanusi, Please explain.

this is all useless propaganda. The govt is just trying to cause useless distractions and the ignorant people are buying into all these. Only time will tell and the true motives and agenda will be known. Only Time will tell. Get the people educated.

Exercise fundamental human rights to personal liberty and human dignity? Please tell me,what dignity to mismanage funds and run a bank to ruin.You gotta be kidding.Sir which law school,did graduate from.What a joke!!!!!

Oluade Tijani said: "Mr. CBN governor, please what are you doing about Unity Bank? Why is Unity Bank a sacred cow?" Oluade, kilounshe? What did Unity Bank do to you? Did they do any public offer? Did they do flashy campaigns? Please, please, I beg you, go and face your problem and leave our bank for us. When they were giving us loan here in Ekiti to support our transport business where were you? Leave them alone- o. Mo ti sufu-eh.

Before i can fall for ethnicity card being played, let the affected banks dispute the CBN ratios 1st? Can't we all notice that they are not disputing CBN figures, they are just ranting about ethnicity, victimisation and vendetta. Sincerely, all those are none issues. Even if there is an element of ethnicity, you played into their hands and then, too bad.Was Jimoh Ibrahim not shouting that he did not owe any bank when they CBN brought the list of defaulters out and he paid 3.1bn the following week.........see beyond your ethnicity,victimisation and vendetta trump cards. Ibru lawyer said only the court of law has the right to declare people wanted. HE is such a big fool, has he read the EFCC act. I advise all to visist the website and read the act setting up EFCC .... you will be shocked at the enormous power that EFCC has at its disposal.

If Mall. Lamido Sanusi is very sincere in what he is doing to banking industry, he should also recover the bad loan of Bank of the North & Kano Tropical Commercial Bank. We should not praise Lamido because he after Southern Banks. He should lay example from his home people. Mr. Soludo arrested Bulama of Bank of the North and Lamido is also doing the same to Southern people. I am very sorry for the Southern Elders & Leaders. They just sit and watch how the North is above the Law. Law is made for the Southern people.

In one of the dailys, there is rumour dat there are some strong cartel that want to acquire 5 banks before the whole episode started, lets hope this is not a means to transfer ownership to another 419 be it nigerians or foreign investors.

I ALSO FEEL THERE ARE MORE SICK BANKS EVEN DIRTY THAN THE 5 BANKS

Akingbola is abroad on `sick leave` or sorry emergency ailment. cecelia Ibru going to EFCC from sick bed. Why all these sudden ilnesses. I hope justice will take its full cause IF AND ONLY IF THEY ARE FOUND GUILTY . Let face the fact these cheif executive could not have acted in isolation. There are different level of authorisation in any bank. All acomplices should be arrested and prosecuted too. GOD SAVE NIGERIA

ITZ UN4TUNATE DAT WE DNT HV A GUD GOVT IN PLACE.THOSE MDS SHOULD BE PROSECUTED AND IF NOT THAT EFCC AND CBN SHOULD BE HELD RESPONSIBLE.

It is not surprising Nigeria is the way it is. No nation or people can make progress when fairness and justice do not exist. And all issues are treated based on sentiments by the press and public alike. It is a bad culture when people that have contributed greatly for decades to Nigeria are suddenly turned into criminals overnight. Na wa o. Food for thoughts: Has any government officials including CBN being criminalized for failure of the country by plunging generations unborn into debts that we cannot see what the money was used for? Nough said

its a shame that a country so great is yet to understand the the simple fact, that one is innocent until proven guilty. we are so engolfed in what is published by the media that we are overlooking the possibilities of being swindled by another potential greed filled power egosentric hudlum. Has anyone tought of why is it only the southern ceo,s alleged of these crime? is it possible that someone is trying to create an oppotunity for a fellow northern brother. Bear in mind when considering all possibilities. would you build yourself a massion and decide to burn it down and be homeless in a land with no social housing? For example, Cecilia Ibru built her bank fron scrach.

it is trite law that a criminal should face the law of the land. The MD[s] of the effected bank should face the music, however if the court declared then innocent of the allegations by EFFC then they are free. the nigeria situation is very unfortunate but am glad more and more atrocities of those in power will be exposed sooner than latter. i thank God for what he is doing in Nigeria.

Idon'tknow if what sanusi think he is doing is the best.Is that the way to go about it or is this another face of islamic banking, going out with all the force you can muster! Has he warned the bank chiefs to get those funds back before ambarking on his cleansing exercise, or is he trying to let nigeria feel his impact as the Gov'nor which i doubt if he is qualified to be? This is Nigeria, and that is the wrong way to get his name in our memory, am also faulting his 400bn fund injection into the banks to buoy them, see what they have caused us now at home with stock and abroad with our image. My funds are safe in oceanic bank

I pray that sanusi did not have any hidden agenda for what he is doing.but he should have follow due process,so that he did not hurt innocent ones.everybody is following what is going on.be fair in your operation,because the end if you are not fair might be dangerous.to Nigerians, do not be too fast in judging people.let us come together to build a good society.

My only comment is that this shouldve happened sooner. Also Cecelia Ibru people should PLEASE stop that law firm representing her from doing those embarrassing tabloid style ads in the papers that should be handled by a pr firm(even that is questionable) and NOT by lawyers that expect to be taken seriously. It does not send the message that they have good stuff to work with. Please.

This is all well and good, what is happening to the rogue politicians? MADAM EFCC- ANSWER US! Not one conviction in sight! Na so so all mouth, sunglasses and jewellery! Let the Law run its course with the Bank MDs, but let us not forget Madam EFCC`s politician friends who are roaming the corridors of power in Abuja since the exit of Ribadu!

Are there banking facilities available for the 150 million odd Nigerians? If it is only for the select few, then once this episode is over we should be ready for the next phase of the farce Nigerian and indeed Global banks have become.

let us come out of this stupid nonsense, NOTHING WILL HAPPEN, the maroko musician don talk am,i mean CHINA,When poor man steal he go suffer for cell but if na rich man, he will go free, but God wont let any evil man go scot free.

there was or is $2.1 million in Oceanic Bank which was given to me. Ms Ibru had me pay close to $25000 trying to have the funds transferred to me. She took every dollar I sent. There are no bank records supporting it however. It is my hope she she goes to prison for the rest of her life. She has ruined me financilly. I have lost my house and my wife because of her. May she rot for eternity because she never sent me one dollar in reurn.