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What Will Become Of Soludo?

Seriously thinking, its like from grace to grass. i wished he was better advised.

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103 answers

@Mkpotu

Where is Yar'Adua today? Are u not one of those who are angry b/c people are NOt told the truth about goings on in the system? R u nt one of those criticising the NA & FEC for playing hide n seek with Nigerians? People want to know what is going on. People need info, whether good or bad. The more u shroud things with secrecy & darkness, the more people assume & peddle rumours that will eventually be more harmful. Let us NOT play double standard.

Mkpotu, "emezila mkpotu!" PPle want to knw what's going on; I believe u prefer to kknow too. So, relax.

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There's only one viable option for the Prof;

To head back to the Faculty of Social Sciences, University of Nigeria, Nsukka where until my final year his office was intact and the sign name on the door still read ''Prof C.C Soludo''. Even if it has been allocated to someone else, he sure will qualify as the dean of the faculty or some other position in the university.

There is a clear distinction between academia and politics, the Prof refused to see this even with his reputation at stake!

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soludo reason like normal nigerian man who has no shame of himself and his name. the day we start reason like oyinbo our go dey from that day

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He was just being unnecessarily greedy. He should have started out as a councillor so as to be totally in the acts of SELECTION AND DO OR DIE POLITICS, sorry o i mean election

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I am beginning to wonder if it is now a crime to loose an election. What did you my people expect Soludo to do? Was he supposed to have done it the PDP way of do or die? He had the funds to do so (PDP governors donated billions o). Is it his fault that foreign investors withdrew thier "monies" which collapsed the capital market in Naija. Was Sanusi not involved in the "bad debt matter". Why do people do follow follow on this forum. If one person condemns another, others just dey follow like 'pepeye'. Allow the right organs to tackle Soludo if they have anything against him.

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na waa for soludo, even with all the billions raised for him, he cld not win so if he was left to do things on his own, maybe his family members wldn't vote him.

when i knew that he was on the failure lane was when the information came that movie stars were behind him and i look at the names, they were mostly wakapast authors and actoresses.

abeg what of okocha wey support him?

pls can someone tell soluod to come and account for all the billions raised during his campeign.

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This is a response to Chipmunkey's diatribe on Soludo.

It is technocrats we need in politics in Nigeria. We need serious minded archievers in their fields of specialization in political positions. We want them to transfers these feats into governance. Governance is not an allcomers affair. It is this hitherto misconception that make serious people to run away from politics. This is why politics in Nigeria has been left in the hands of political imbeciles and the consequence poor performance all round, reflecting in disgraceful underdevelopment in Nigeria.

My friend, governance is for seriosly people. We should register that in our thick skulls in Nigeria.

Cherio!!"

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Crucify him!!! crucify him!! Crucify him!!! If u have never sinned,be d first to throw stone at him. U have all been talking as if u are all mr perfects. Excuse me pass jare.

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to start with, soludo does not know how to lair. he took anambra ppl for guarranted by telling them he will turn anambra to dubai and taiwan and that was very bad.

well, when fly refuse to heed to advise, he goes into the grave with corpse.

soluod is lucky for not succeeding in becoming the judas through whom anambr ppl wld have been handed over to the slave masters.

he is in the criminal gang (pdp) and as such, he will always find an excape route.

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I agree with you but EFCC should charge him not prosecute him as that is the job of the law court. Until he is charged, tried, find guilty or prosecuted, it is totally know to call someone a thief when you and I got no evidence or reference to support that.

Some one even said he was aloof. Even if that is the case, aloofness is not a crime, so too is incompetence. They said he turned a blind eyes, I kept asking any evidence to support that, because that is a serious crime in my thinking, for someone to see something wrong but deliberately refuse to act. But not a single person has laid a claim to support such henious crime.

I don't like rumours, it's obvious many of you enjoys it but I don't, because I have seen many innocent people destroyed with baseless allegations and rumours that aren't true. At the same time, I am not saying or claiming that Soludo is innocent either but, let us wait and see.

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soludo is not a politician, who sent him

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but the poor masses that invested so much in shares, and those that have lost their job due to this fraud in the banking sector are not interested in nomenclature,the mass disengagement of young vibrant workers who knows nothing about the fraud is disheartening

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EFCC will try and prosecute Soludo, he will probably leave the Country just like Ribadu and El rufai

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Soludo is very popular with his merger deed and a lot of nigerians including anambrarians like and are proud of him enough to make him win an election as a governor but he sure mixed up with the wrong crowd. PDP is criminal from conception/founding, criminal in operations and criminal in administration anyone who associates with PDP is 100% sure to be perceived as a criminal. Soludo's failure however unfortunate for the man is a true sign that Nigerian voters know what they want.

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@ Eziachi

did i hear u call nigerian graduates illiterate? Lets look at ur first sentence "what fact has you got"

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HE SHOULD GO BACK TO THE CLASSROOM.

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Ops!!! Not true. Sanusi wasn't one of the three deputy governors to Soludo. He was appointed from the position of MD/CEO of First Bank of Nigeria, plc.  He was the helms man at FBN, plc for a couple months and before then he was Executive Director, Risk Management of the same bank.

I also need to say that there are a couple of legislations in Nigeria - Banks and Other Financial Institution Act of 1991 plus the Failed Banks (Recovery of Debts) And Financial Malpractices in Banks Act of 1994 which gives Sanusi power as CBN governor to intervene to check abuses in banks. This is necessary to protect depositors interest and sanitize the banking sector in order to put the economy on a sound footing. The financial intermediation roles the banks plays in an economy is too important to leave it to the cruel hands of thieves to manipulate. Government regulation is of absolute necessity.

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President Obama failed in his first attempt into Illinois assembly seat and also their state senate seat too before he succeeded nd then to the U.S senate.  Tony Blair failed in his first attempt even to become a labour candidate in the primaries, let alone the proper candidate in the actual election.  Churchill after winning the world war for Britain was voted out of power at the next election by his people but still a British iconic figure till this day. You guys should get a grip.

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If I were you, I will concentrate on what I knew at least little about. How does a government bank audits a private/commercial bank. Do you know the meaning of that word AUDIT?

Go and get some knowledge or at least shut up. I am often surprise at our young generation's ignorant and ineptness in of a world covered in pools of knowledge aids. HABA!

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The man soludo forgot that Anambrarians has stood up to be counted. The worst APGA or AC or PPA government is better than the best PDP government. The point remains that Soludo joined the wrong party. The party that destroyed the state and brought it to a standstill. An average anambrarian will never vote for a PDP government no matter who. Even if Moses, Elijah or even Elisha contests in the platform of PDP in anambra, they will loose.

Well i pity him tho. Maybe just maybe PDP should just reward him with Ambassador to Afghanistan.

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The man soludo forgot that Anambrarians has stood up to be counted. The worst APGA or AC or PPA government is better than the best PDP government. The point remains that Soludo joined the wrong party. The party that destroyed the state and brought it to a standstill. An average anambrarian will never vote for a PDP government no matter who. Even if Moses, Elijah or even Elisha contests in the platform of PDP in anambra, they will loose.

Well i pity him tho. Maybe just maybe PDP should just reward him with Ambassador to Afghanistan.

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If Mr.Soludo really had any idea of transforming Anambra to Dubai or whatever [funny though] he calls it, he can be made Gov. Obi pecial adviser on Environment so that he can add to the state's growth!

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He seemed like he had but he lacks O.T . I think he should go over to Nolly wood, since he feels good at everything, & play a key role in the comedy; " the wonder lips". I promise I'll buy a copy.

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i am on grateful soludo came out and battled the UBA's and their bunch of charlattan to a stand still, from their grip on PDP in Anambra. WE SHOULD remember PDP in Anambra hitherto was made up of crook,kidnapper drug dealers who happened to rig their way to federal houses, but until he came out to contest, the party was held hostage by these group of savages .its unfortunate he did not win because of the infighting in the party. my advice for him is to sit down now and begin to draw and strategize , build a political base, woo your foes and build a solid base for 2014.he is no douts a man with ideas and vision, a first class material. anambrarians should be proud to have someone like soludo.

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GOOD NAME IS BETTER THEN SILVER OR GOLD EVEN MONEY

soludo, why not say NO to them oh!. you have made a good name on CBN

Anambra's are supposed to beg you for a post NOT you contesting for !.

IF ONLY YOU HAD THINK TWICE.

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He's not fit to be a Governor because he's not a man of his words. When he was leaving CBn, he said he was going back to the lecture room which he has missed so much only for him to attempt occupying Anambra Government House under the "do or die" party (PDP), dont forget he assumed PDP candidate under a non democratic procedure (no primary election). It is very likely he will not deliver on his electoral promises if he becomes the Governor (because he doesnt stand by what he says). We do not need people like SOLUDO on our political scene anymore, he has been infected with the PDP misgovernance bug, GOOD RIDDANCE

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i think soludo contributed his own quota in banking sector consolidation.dont forget the shock the banking system went through as a resulf of the recapitaliation.he was aware of the corruption the bank md's were engaged in but he exercised restrain in starting yet another fire.its on record he warned the md's not to disclose some of these banks or they will face the consequences.he hoped for a second tenure during which he would roll out the tanks.unfortunetely it was denied him. He had once said that what sanusi is doing now was his blue print.

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Some times i wonder the angle some of these our Nairalanders are coming from.

Some say he was responsible for job loss, and you and I know that Soludo as CBN governor was responsible FOR MASSIVE JOB CREATION/EMPLOYMENT for our graduates right from the time he entered as CBN governor till he left. Nigerian banks were almost 100 when he assumed position as CBN governor in 2004, and that was when every tom dick and harry can just come set up a bank in his locality and collect people's money after some time, it will fold and Nigerian banks were so weak then and I believe we had CBN governors and nobody crucified them.

Soludo came in as a renowned economist, saw that all these banks can be merged to create a BIGGER bank and equally create more jobs for Nigerians, because as at then, Unemployment rate in Nigeria was some what a thing of concern. Thus Soludo brought the idea of consolidation, mergers, Acquisition, Take-overs etc, which everybody accepted but if you dont believe it, ASK ANYBODY THAT GRADUATED BETWEEN 2004 TILL 2008, the only employer of people were Nigerian banks, thanks to SOLUDO.

Consolidation made Nigerian banks to be able to compete with other foregn banks, it equally gave room for expansion into other countries. Take your mind bank those days, it was only First Bank that has branch across Nigeria although weak, but with the emergence of Soludo's policy, banks like GTB, Zenith, UBA, Access, Oceanic, Diamond etc could boast of having offsore branches doing good business.

Soludo was being professional with the banks as CBN governor as the r/ship between CBN and commercial banks should be like banker/customer relationship ie fiduciary and secret. He dosent need to come and stout shouting that this bank is doing this or that to the public in order to do his job. See some of the things he did as CBN governor:

(a) Do you know that when Unity Bank abi Bank of the North was going down, do you know that the bank was bailed? Do you know that the MD, Alhaji Bulama was removed and charged to court? All these, he need not come out on television to start telling you that this bank is weak and that their MDs have squandered their money, thus he was more professional and today the bank is coming back gradually.

(b) Do you know that Spring Bank had problem, did he come out to start shouting that this bank is dying and that their MDs have done this or that, rather after seeing, the best bet was for them to be acquired or merged in order to secure depositors money, thus the PHB and Spring deal.

(c) What about WEMA bank?

(d) Do you equally remembered that Soludo gave Commercial banks ultimatum to have common financial year by December 31, 2009, in order to really determine the strength of the banks and to equally stop some pranks being played by banks which has been age-long.

(e) Was Soludo the cause of global Financial Meltdown?

(f) Was he responsible for fall of shares across the world and in Nigerian? Because u knw majority of those non-performing loans were MARGINAL FACILITY. And plz can you tell me the collateral required for transaction of this nature :margin facility?

(g) Was he responsible for the fall of crude oil across the world and in Nigeria? Note that some of those non-performing loans were equally as a result of investment into oil and crude oil price fell thus some these non-performing loans.

(h) If I may ask, do you think Cecilia Ibru and Erastus are worse than Jim Ovia of Zenith and Elumelu of UBA, if u dont know, politics equally plays a major role in all these drama.

(i) Why do you think Sanusi signed the 2nd Quarter result of Oceanic bank in July and in the next month, you removed the MD that she cooked her books, that is to say he is equally an accomplice.

I want to tell you guys that all these bank issue and sanitization are more political than you people.

AS SOME OF YOU ARE CRITICIZING SOLUDO, JUST BE A BIT COURTEOUS BECAUSE SANUSI LAMIDO IS NOT A SAINT either. If not, the First Bank where he was coming from, had the HIGHEST NON-PERFORMING LOAN yet his argument was that they have enof deposit to shoulder it. If he is a saint, why did he leave JIM & ELUMELU, why did he grant debt forgiveness to the tune of billions to SARAKI & DANGOTE, why did he sign Oceanic Bank 2nd quarter result and later come out to nullify, why is he now saying that Nigerian banks should be CATEGORIZED along REGION, MARKET & SECTORS. just because his main aim is to come and create ISLAMIC BANKING, thus the impression he has created in the atmosphere that banks under other peoples regime are sham.

MAKE we shine our eyes and stop castigating SOLUDO who I believe kept food in some of our tables by his policy as CBN governor, even if not directly to you but to your friend, class mate, husband, wife, boy friend, girl friend, brother or cousin.

I rest my case

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Naija politics, i know nothing about!

All I know is that Sanusi's signature is now on most of the Naira notes i see! Eya poor Soludo. They dont even want any of his signed notes to remain in circulation.

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@mikeansy,

i had always known that you are this brainless.

which real life are u talking about on a man who raised n2b during his campeign, won all the public opinion on media, the self acclaimed solution to anambra problem, the deciet of our time who claimed of his ability to turn anambra to dubai and taiwan overnite(very old fashioned story) had all the backings he needed yet lost in the real election. politically, anambra ppl made him feel like nothing. he did not only loose, he cld only get third position.

he is less than a man. let him go into the labour market outside nigeria to show us that he can do without nigeria like okonjo iweala did.

if you are normal, a suicide decission shld be moving arround u by now for loosing to less popular men.

if soludo could not do this under the backing of the federal troops, it means, he can't win a local govt chairmanship election on his own.

if possible, i will suggest soludo to go and start from his counlorship ward election to test his popularity.

anambra ppl has showed him how unimportant he is.

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the department of economics, university of nigeria, nsukka still has an office in the name of prof.soludo. So mayb he shld go bak and b a lecturer like prof.ikejiani clark and d rest of them.

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Tnx for all these comments.

I told NL & Anambrarians to vote either Ngige or Obi (tested and more reliable pple), and I'm so happy it turned out that way.

- I personally wrote to Soludo to pull out of that contest, but he wouldnt listen.

- I reminded him of where his colleagues & friends (Okonjo-Iweala & Oby Ezekwesili) are hw they left with their integrity intact.

- I told him that the banking sector is still crying for help after it was dragged to hell

- I made him understand that the manner PDP fraudulently adopted him spells a second doom for him.

- I told him to leave out this thing for now until next election, but, power, we know, intoxicates.

Anyway, I salute his courage for congratulating Obi. I pray he doesnt actually head for the tribunal, b/c dt will further mess him up.

@Topic

1. Let him what things for a while and allow the dusts raised by his inability to police the banking industry to subside first, b4 thinking about dabbling into further politically activities. After all, he has made enough money including the ones PDP helped squander during his electioneering campaign.

2. I believe the classroom canNOT enter him again; he's now bigger than many Universities in 9ja combined; so, he cant lecture again. I doubt also with the mess he put our banks into, any international appointment will come his way again,

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Soludo earning before they brought him back to Nigeria is not unsubstantiated and if you think it is why not substantiate it, that is what a reasonable person does instead spreading rumour on the internet. I don’t need to substantiate anything because I knew the guy very well as far back as 1992.

If what happened with the Nigerian bank were as a result of stealing, tell me how private bank activities has something to do with CBN governor? Do you really understand anything about banking and how it banking works? CBN is a regulatory body of financial institution in Nigeria just as Bank of England or U.S Federal Reserve and not Banking Ombudsman. So does it means that both banks in U.S and U.K, their governor also turned blind eyes or collaborated as they are throwing money about and award themselves billions in bonuses?

You are making an allegation without making any tangible evidence to support it, as we speak, not a single ant has made any allegation against Mr Soludo. He has no immunity, his brother is neither in charge of the EFCC or as the current governor of CBN, so what are they waiting for?

Why can't code of conduct people to ask him to declare his asset?

So where was Sanusi when the so called Soludo is turning the blind eyes since he was at CBN too or is CBN now just a one man show? Like I said, if Soludo is guilty of any wrong doing while at CBN, me and you don’t know that because he has not been accused of anything or wrong doing,  either by any individual or governmental agency or any evidence to that effect. But you are busy soiling his name without any shred of evidence to support your claims.

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Soludo will bounce back as a strong political big wig to recon with. The same politician have been around since Nigeria was founded/dictated upon us. The same names, the same godfathers, the same type of govenance for years, whether it was/is UPGA, Action on Top, PDP, AG, NCNC etc

Once you taste power in Nigeria,

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I think your claim that Soludo earns huge monthly salaries in pounds is equally unsubstantiated, unproven and totally inconsequential. Maybe you should take some time to define his duties as CBN governor before you exonorate him. He knew about the rot in the banking sector, yet turned a blind eye and allowed banks such as Intercontinental Bank and Oceanic Bank bag global awards in Banking between 2006 and 2008. There are still educated Nigerians who knew that the awards were a fluke because the successes of the banking sector should reflect on the economy directly or indirectly. They kept posting somewhat outrageous and 'impressive' figures and the gullible Soludo never thought of further verification of their claims.

Moreover, the collapse of some banks in USA and UK was a result of the global financial crunch, not stealing and mismanagement of funds by individuals privileged to be MDs/CEOs. Their recklessness in awarding loans and ineptitude at creating effective structures for loan servicing practically brought the banks to a standstill, but for the timely bail-out by CBN. If the new governor Sanusi had acted just like Soludo, turning a blind eye as if "E NO CONCERN ME AS LONG AS UNA SCRATCH MY BACK", what do you think would have happened now?

Maybe many Nigerians will probably be destitutes by now, begging for alms to feed.

I think Soludo should watch his back because the EFCC must be putting facts together to nail him soon, and very soon too!!!!!!!!

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We should rather stop taking panadol for another person's headache. Soludo is a renowned Ecomists, an academic. a poliitician, a business man and what have you. Mistakes most of us make, is not having a plan B in something and some us think that Soludo will fall such a victim, NO ITS NOT POSSIBLE. He is as sharp as most of us if not sharper.

There are Plans B,C, D, & E for him and so we should not cry more than the bereaved. He has accepted defeat thus his speech, but what I want you guys to do is to wait and hear his next line of action.

As per banking industry is concerned, he is a hero and his name has been engraved, whether you like it or not. May be tomorrow, by the time Sanusi comes out fully , i trust Naija shaa.

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God is not behind Soludo neither is man so he should ask God forgiveness and genuinely repent of his evils while at the CBN. PS: I wonder how the ex- 'civil servant' could have afforded the N150 m ransome paid to free his father?

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He will be totally fine.

If you so think he is responsible for anything TAKE HIM TO COURT OR SHUT UR TRAPS.

Soludo should join Peter Obi's administration to help Anambra become that economic giant he was talking about if he trully loves his state. He can also join APGA to contest for Senate position if he like Politics like that. PDP has no place in Anambra. He can only redeem himself that way or he can simply go and find job somewhere. Either way the guy will be okay. All of you calling for his head should go and eat FEACES. Una never prosecute OBJ, IBB, IYABO, etc u want touch Soludo. He is not responsible for the Global meltdown. My only grouse with him is that he joined PDP. What a thing to do? Tufia

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I still cant believe he lost,

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its not a case of from 'grace 2 grass'

The man's gon' get a political apptmt soon

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Has anyone else noticed that there are a few profiles springing up with 1-10 total number of posts just to malign Soludo. The facts of the matter is that you can destroy the man on Nairaland but you can't do anything to him or his records in real life.

So whoever is behind this should go get a life.

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Mr Soludo should go and rest, he has lost his credibility as far as this country is concerned.

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Soludo has a lot of options, among which are;

1. Return to the Department of Economics, University of Nigeria, Nsukka as an Economist.

2. Return back to the Institute he setup that is the Public Analysis Group/Institute through which he has been acting as a consultant to sevral International Organisations such as IMF, World Bank etc.

3. Join the African Finance Corporation which he co founded.

Any of these option would allow him time to re-strategize and bounce back. Mind you Soludo is still young in politics so people should not sound like he is finished politically. This is just his first shot at a political office. Also as long as PDP remains in power at the federal level he stands the chance of picking up another political appointment.

Though he may have a case to answer with the EFCC but I dont think they have a strong case against him, because other highly placed Nigerians are implicated in the whole deal.

So please dont write off Soludo yet.

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He should go back to the classroom.

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Shame!!! Shame!!! Shame!!! Soludo. You are a big disgrace to your family and Nigeria. A common thief and con-artist. No dignity or pride for self. Shame on you!!!

God Bless the people of Anambra State for not voting this slowpoke and criminal as their next Governor. I rain curses on you from Heaven, for all your evil deeds against Nigeria and her people

GOD BLESS NIGERIA

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The US interest cannot (and ought not to be) tied to one individual in a country as huge as Nigeria. The west will back anyone in power provided they protect western investments. All that Jonathan needs is courage of convictions. You cannot lead Nigeria if you are weak. Like I said, Jonathan will have good advisers.

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the elections are over soludo did not win. you folks should move on. there is no need sustaining unsubstantiated stories that were designed to stop soludo at all cost.

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all these are based on unsubstantiated theories. Besides his wife has not been caught redhanded smuggling large sums of money out of Nigeria like those you worship.

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Yaradua tried but the guy failed because he didnt have the support of US and otherwestern govts. The guy looked elsewhere awarding contracts to governements in the East, China, Korea and co.

As of right now Obasanjo is favored by the US esp Bush/republicans and UK because he is their boyboy giving Oil and Gas in return of favortism.

If Jonathan wants to take power from Obasanjo he should spend alot of time appealing to the US govenment esp now Obama is in office.

America is just using Obj until they find another presido who acts on behalf of Citizens as well as American interest(like Ghana's Atta Mills). I believe Jonothan will perform well and can take the presidency to 2011 with America backing him.

@ post - If we want to be real with ourselves lets call a spade a spade Soludo might have been the most upright person before he came back to Nigeria but the guy soiled his name, paid off PDP bigwigs, turned a blind eye to banking corruption, joined the lowest of the lowest people in Nigeria and almost sold his state - The guy is a criminal like being an accessory to a crime. The Obi guy won and people trust him more than the Soludo guy I guess

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Another motor park tout speaks. What did he cause you or the so called masses? Can you list them and support it with evidence.

How many past CBN governor can you name or know their names before Soludo came?

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