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Is Sanusi A Patriot Or A Hatchet Man?

After reading this article published since March, I am forced to have a rethink of what Sanusi is really up to.

Nigeria: Group Plots Takeover of Five Top Banks

Omoh Gabriel and Emeka Mamah

23 March 2009

http://allafrica.com/stories/200903230006.html

ANTI-CONSOLIDATION forces have regrouped with the hope of dismantling the structures and forcing a takeover of the top five banks in the country, Vanguard can now reveal.

The grand plan by the group is to cause panic and uncertainty in the industry and make the target banks look unsafe for depositors.

Meantime, indications emerged yesterday that the Federal Government may announce the names of a new Governor of the Central Bank (CBN) and the Auditor-General of the Federation (AGF) in April just a few weeks before the tenure of the incumbents run out.

However, the Arewa Consultative Forum (ACF) has expressed concern over what it described as the rapidly deteriorating liquidity situation in the banking industry and tasked the Central Bank (CBN) to make public information on causes of the development as well as the scale of the crisis.

Vanguard investigations revealed that the aim of the anti-consolidation forces is to cause loss of public confidence in the banking industry and compel the Federal Government to move in by injecting funds. Further, they ultimately plan to instigate government to take equity holdings in the targeted banks.

Vanguard gathered that the group at work is made up of former bank owners who lost out during the consolidation exercise, a powerful clique in the present government, and some aggrieved persons in three of the six geopolitical zones in the country who felt left out in the consolidation exercise.

Presidency sources disclosed that those who felt left out in the consolidation exercise are up in arms to recoup what they felt they lost during Obasanjo years.

Part of the plans hatched by the group is to ensure that the incumbent Governor of the Central Bank, Professor Chukwuma Soludo, does not get a second term. The plan is also to ensure that whatever gains consolidation recorded are discredited. This, it was learnt, was meant to force the President to act quickly in the matter of appointment of a successor to Soludo as they anticipate that the president's slow move may scuttle their dreams and cause the renewal of Soludo's re-appointment for a second term.

The group's second game plan is to make Nigerian banks look unsafe in the eye of the banking public. Part of the game is to spread rumours that some banks are unsound and are on the verge of collapse. They send out text messages to individuals and account holders passing wrong information on their target banks. At the moment, the group's target is one of the high-flying new generation banks where they have sent out several messages.

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5 answers

He's being a patriot. Check my last posts to view my reasons which I have detailed in other threads. Got no time to keep repeating myself

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Just like u wanna think I borrowed and don't wanna pay back, so too do I think you are one of those waiting in the wings to buy these banks at nothing after Sanusi has taken them over and priced them for nothing.

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as for foriegeners runnin our banks

ikeyman not sure on em

but em watchin to

eyaoo forigen 419 vasawins brothers investors

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Time will tell which one he is ----- the results will speak for themselves.

But right now I am sure the guy is turning himself into a hot headed laughing stock.

Regardless of his intention, the process if faulty.

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@ Poster

Quite prophetic. I've had hunches too. I wrote it on Nairaland when this present issue broke out. Albeit i maintain my stance that they were foolish enough to play into his hands.

Some of those CEOs were beginning to run the banks like private enterprises. They've forgotten that they've gone PLC. They are just employees with shareholding capacities and no more owners.

So right now, Sanusi has all the aces.

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