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UN Nominates Soludo, 9 Others To Reform International Financial System?

The UN General Assembly has constituted a 10-member panel, including Governor of Nigeria's Central Bank, Professor Chukwuma Soludo, to reform the international financial system. This was contained in a statement by the President of the Assembly, President Miguel d'Escoto Brockmann.

According to the statement, the high-level task force - to be known as "Commission of Experts on Reforms of the International Monetary and Financial System" - would examine modalities to reform the International Monetary Fund (IMF) and the World Bank, in the wake of the current global economic crisis.

"The commission will suggest steps that member states can take to secure a more stable global economic order," the statement said.

A Nobel Laureate in Economics and former chief economist at the World Bank, Joseph Stiglitz, will chair the Commission.

Other members are Jomo Kwame Sundaram, the current Assistant Secretary-General for Economic Development and the UN Department of Economic and Social Affairs (DESA); Jos Antonio Ocampo of Colombia, a former UN Under Secretary-General for Economic and Social Affairs; Zeti Akhtar Aziz, the Governor and Chairman of Malaysia's Central Bank; Jean-Paul Fitoussi, Professor of Economics at the Institute d'Etudes Politiques de Paris in France; Avinash Persaud of Barbados, Chairman of Intelligence Capital Limited and Yaga Venugopal Reddy, former governor of India's Reserve Bank.

The panel also includes Japan's Eisuke Sakakibara, currently a Professor at Waseda University in Tokyo; and China's Yu Yongding, the Director of the Institute of World Economics and Politics.

In addition to working groups, the commission will hold plenary meetings at the UN headquarters in New York next month, at the end of January and in March 2009.

Announcing plans to form the panel last month, Brockmann said: ``there is growing recognition that the current turmoil in the financial system cannot be solved through piecemeal responses at the national and regional levels''.

the guy level don change, igbo's up u

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Reps not impressed with Soludo's World Bank appointment

Written by Luka Binniyat & Tordue Salem

Friday, November 21, 2008

"If we killed this Motion, it would send the wrong signal that we, members of the Nigerian House of Representatives, have passed a vote-of-no-confidence on Prof. Charles Chwukuma Soludo," pleaded Hon. Patrick Obahiagbon (PDP Edo).

He was arguing in support of a motioned raised on the floor of the House yesterday on the need to congratulate the Central Bank of Nigeria (CBN) Governor over his appointment as one of ten world renowned economist appointed this week by the United Nations to proffer solution to the ailing global economy. But the deafening response from the floor to this plea was Yes! Yes! Yes!

Taking this as a strong cue that when put to vote the Motion would not pass, the sponsor, Hon. Halims Agoda, in an emotional laden voice, observed, "I am very surprised at the kind passion that this motion has generated. It was just to celebrate one of our own. But some people have taken it to mean an entirely different thing." With these, he withdrew the motion, to the satisfaction of the majority.

The motion as presented by Hon. Agoda, with 26 others, sought among others to: "Congratulate Professor Soludo and President Yar’Adua for the honour done the country by the appointment of our Central Bank Governor by the United Nation.

"Urge Professor Soludo to deploy his skills and professional depth, in unison with other appointees to find workable and enduring solutions to the challenges of the current world financial crisis."

When opened for debate, those who spoke against it disparage the motion, saying it was a waste of time, and uncalled for.

"Why should we waste our time on this matter?" stated Samuel Sejero (PDP Lagos), adding that, "why should we celebrate someone who is under investigation over all kinds of things he is alleged to have committed?" Said Sejero, House Committee Chairman on Banking and Currency.

http://odili.net/news/source/2008/nov/21/317.html

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Soludo's appointment divides Reps

By John Ameh, Abuja

Members of the House of Representatives were divided on Thursday over the appointment of the Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, as a member of a panel set up by the United Nations Organisation to address the current global financial crisis.

The development followed a motion sponsored by Mr. Halims Agoda (Delta State), calling on the House to congratulate Soludo and President Umaru Yar'Adua over the appointment.

Agoda had argued that the appointment was "a recognition of the competence of Soludo and an acknowledgement that Nigeria has a large pool of capable world-class professionals/technocrats."

Among other prayers, the motion reads, "Urge Soludo to deploy his skills and professional depth, in unison with other appointees by the UN, to find workable solutions to the challenges of the current world financial crisis.

"Commend the UN for the honour done to Nigeria by the appointment of the Governor of the CBN to serve on the committee to reform the International Monetary Fund and the World Bank."

The atmosphere in the chamber, however, became charged as some members opposed the motion loudly, saying that it was an "unnecessary waste of time."

For a few minutes, the Speaker, Mr. Dimeji Bankole, tried in vain to control the rising tempers in the chamber as shouts of "no!, no!, no!" rent the air.

Amidst the tension, Agoda had to withdraw the motion when he sensed that his colleagues were not in the mood to pass it.

Mr. Samuel Sejoro (Lagos) led those who kicked against the motion, as he recalled that the House was not known for celebrating such appointments.

He said that the House was "wasting precious time" debating on the appointment of Soludo when it was yet to attend to pressing developmental issues in the country.

Sejoro said, "How many of such appointments did we bring here before now to celebrate? How are we sure that by the time Soludo leaves offices, there will be no can of worms?

"Yet, we are here wasting this precious time."

Another member, Mr. Chris Ettan, observed that the motion was sponsored to divert the focus of the House from "more serious issues."

"Our former President, Chief Olusegun Obasanjo, was appointed to mediate in the Congo crisis. Why didn't we celebrate his appointment?" Ettan asked.

The Deputy Chairman of the House Committee on Media and Public Affairs, Mr. Labaran Dambatta, and the Chairman of the House Committee on Millennium Development Goals, Saudatu Sani, also opposed the motion on the grounds that the appointment would not place food on the tables of the Nigerian masses.

But, four other lawmakers, Mr. Henry Seriake-Dickson; Mr. Patrick Obahiagbon; Mr. Stanley Ohajuruka; and Mr. Emma Jime, warned that the House would be sending "negative signals" to the rest of the world if it failed to pass the motion.

http://odili.net/news/source/2008/nov/21/411.html

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Arrgh, the pangs of mixed feelings!

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which achievement? Like stealing our $450million for AFC and paying free $15million to US Financial Authority

And OBJ achievements - Wipe out the entire ODI VILLAGE! $16billion gone on power and recently N40bill gone on 'dead satellite'

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I agree when an Ibo man can conduct a free and fair election-Maurice Iwu.

When are we going to do away with tribalism. Soludo achievement is not based on his ethnicity but on his person

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pay back time for obj cooperation on barkasi and charles taylor. papa iyabo unlimited

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you need waking up or better see the BIG PICTURE.

With which critieria both OBJ + SOLUDO were selected by UN?

UN is delibrately sending WRONG signal to 'AFRICAN LEADERS' again.

Soon when Mugabe leaves office, UN will appoint him to fix problem in Rwanda.

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NCC Vice Chairman

Aaah, no,no, i dont discriminate by sex not at all

Last time i checked akunyili was a woman

yeah i missed out on Okonjo tho she was more of world banks decision not OBJ.

As for Ezekwesili she has some antecedents that make it hard for me to trust her.

Besides under her due process moves, $16billion was mismanaged on the Power project.

i should add the FIRS woman Omoigun, tho i cant recollect who appointed her.

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I think you need to wake up

researching whether the AFC has any links with UN will be a good start

or researching whether the UN has a stake in the supposed 16bilion used for power project is another good way to start

To lump totally unrelated things together in the bizare way u've done is not worthy of anybody brilliant enough to use the Computer.

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i have said it and will always say it again nigeria can only change if an igbo man is given the president of this country.all the economic reformers is from igbo to tell you if we eventually leave nigeria there will be problem so kudos to soludo you are an icon an a proud igbo son this is just a stepping stone.

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deepzone

why are u mistaken ur boyfriend for solodu

your boyfriend looks gay and u know it!

he also looks little bit like obasanjo; banana-like

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Who is ernest ndukwe by the way?

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Soludo looks gay in a way. I think he is gay. Look at that picture very well.

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Nobody is giving Professor Soludo the authority to "reform the international financial system".

This is just a talk shop.  Any academic with lots of free time will eventually be invited to one.

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Saw it on the news today and was impressed. It's like Soludo is a little bit smart and is beginning to have international recognition unless he was picked by random sampling and it's likely the case.

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when we AFRICANS wake up from this 'silly' appointment by WEST.

They know we cherish such and use it well on us.

Yet, when you see faces of poverty, WAR etc it is BLACK.

Soludo basically STONE $450million for AFC = asked by UN to join whatever Finance

OBJ basically STOLE $16Bill for POWER = asked by UN to join whatever in congo

wake-up!!!

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