Comments on: Senate summons Sanusi over N49bn bank debt

By: Sadiq Sr.

Sadiq Sr. — Thu, 09 Jul 2009 19:04:36 +0000

I think these wont be only jailed but they must pay back the money. the flagbearers of the pat administration must also share the same penalty with them. this is highly irresponsible and they must pay for the collapse of our banking system.

By: K Madu

K Madu — Thu, 09 Jul 2009 16:31:14 +0000

We have to wait before we start praising the senate because this people are not jailed yet and their is no reason for anybody to believe that this people will ever be made to pay for this crime. This is Nigeria, and curruption is so perversive that a lot of people do not understand any other way of doing things.

Should the police wait for a go-ahead order before they arrest these people? In other countries they would have been in prison since over eight years now. I can bet you with me life, nothing will happen to any of them.

By: Chukwuemeka Okeke

Chukwuemeka Okeke — Thu, 09 Jul 2009 15:00:31 +0000

Please tell those in authority that recently, a man was sentenced to 150 years imprisonment in America for fraud related offences. Let Nigeria and Nigerians begin to copy America and Americans pretty well. They must not copy America’s bad side alone such as legislators ocassional stage-combat. Those who were behind the collapse of our banks must be jailed for more than 150 years.Thank you.

By: DELE

DELE — Thu, 09 Jul 2009 14:28:21 +0000

I was once a staff of AFEX. Obasanjo, Atiku and the entire PDP cannot claim ignorant of this mess. All of them need to be prosecuted to serve as deterrent to would be offenders. If not we will just be chasing shadows as a nation.

By: Akay

Akay — Thu, 09 Jul 2009 13:31:06 +0000

There is a lot of ignorance of the situation. No economic crime has been committed so the EFCC has to say or jurisdiction in this matter.

The worrying thing though is that the bank should have taken steps to recover sums borrowed in accordance with the loan agreement. There must have been security deposited and if none, the question needs to be asked as to what criteria was used in giving such a large loan unsecured.

In reality, it is because these people failed to pay sums owed to these banks that the collapsed. They caused other Nigerians to lose their money as the NDIC which is set up to guarantee deposits does not know it’s left from right. Can anybody tell me who has been paid money stuck in a failed bank? This cannot give any investor confidence in our banking system and a banking system that is not secure, cannot give loans long term. There is the reason why Nigeria will not make progress as most economies are built on common individuals being able to secure loans and invest.

The fat cats have collected loans and are playing the dumb card by saying they did not know they owed? What impudence and gross stupidity. What happens to the interest that has been accruing? Why were these people not sent regular bank statements showing that they were owing? Our banking system is indeed in shambles and I wonder whether this can lead to some reform in the system.

We need to really think long and hard how we want to run this country called Nigeria otherwise there may be no country when we descend to total anarchy. Somalia is a pointer.

By: Aboderin Adewale

Aboderin Adewale — Thu, 09 Jul 2009 13:20:13 +0000

They way and manner Soludo was removed leaves much to be desired. Sanusi should be viewed as a JJC while sidon look for now. It is just like saying she left here husband at the movie theater by mistake. hm!

By: chioma

chioma — Thu, 09 Jul 2009 13:05:06 +0000

let all these politicians stop being greedy.rember that one day we shall all pass away and leave alll these wealth behind. u guys already have so much money, enuf to last a life time. y rob the average nigerian? y?

By: LATEEF ADEPOJU

LATEEF ADEPOJU — Thu, 09 Jul 2009 12:54:06 +0000

I TOOK A WORKING CAPITAL LOAN OF 500,000 NAIRA ONLY FROM WEMA BANK TO SUPPLEMENT THE 3MILLION NAIRA I HAD FOR MY PLASTIC MANUFACTURING BUSINESS. I USED MY ONLY HOUSE AS COLLATERAL. THE BUSINESS FAILED DUE TO EPILEPTIC POWER SUPPLY. WEMA BANK TOOK MY HOUSE AND AUCTIONED IT. I BECAME INCAPACITATED AND PSYCHOLOGICALLY PARALYSED. I SOLD THE MACHINES WHEN I WAS DYING OF HUNGER. MY PERSONAL MONEY IS STILL TRAPPED AT ALLIED BANK (OBA AKRAN AVENUE BRANCH) TILL TODAY. I EMMIGRATED AWAY AND OUT OF MY LAND OF BIRTH BECAUSE OF SHAME AND IGNOMINY. IRONICALLY, SOME NIGERIANS JUST LIKE MYSELF TOOK BILLIONS, PAID BACK NOTHING, AND LOST NOTHING PERSONAL. WHAT A NATION! WHAT A PEOPLE!! WHAT A DESTINY!!!

By: Henry

Henry — Thu, 09 Jul 2009 11:55:10 +0000

SO THOSE WHO ARE MAKING EFFORT TO NOW PAY THE MONIES THEY DEFRAUDED THE FAILED BANKS WOULDN’T HAVE DONE SO IF THEIR NAMES WHERE NOT PUBLISHED? NO EXCUSE IS ACCEPTED THEY SHOULD BE MADE TO PAY THE LAST KOBO. AND THEN THE BANK OFFICIALS WHO AIDED THEM SHOULD BE BROUGHT TO BOOK. IT IS HIGH TIME THE WAR AGAINST CORRUPTION WAS CARRIED OUT TO THE FULLEST. I WONDER WHAT EFCC AND ICPC ARE DOING, NOTHING TO SHOW YET THAT THEY ARE ALIVE DOING ANYTING IN THIS PRESENT GOVERNMENT. JUST MAKE NOISE HERE AND THERE WITHOUT ANY CONCRETE DELIVERABLE. IF YAR DUA CANT DEAL WITH CORRUPTION AND CORRUPT PEOPLE THEN HE SHOULD KNOW THAT HE HAS FAILED TOO AS A PRESIDENT AND SHOULDN’T CONTEXT A SECOND TENOR.

By: Ossa Earliece

Ossa Earliece — Thu, 09 Jul 2009 11:50:02 +0000

Nemesis will catch up with all of them…Yar’adua, Aandoaakaa, Waziri, Obasanjo…all of them!

By: obyno

obyno — Thu, 09 Jul 2009 09:51:50 +0000

where is Aandooka or whatever they call him, as the chief law officer of the federation which you always claim anytime NUHU RIBADU case comes up, will you keep quiet this time and pretend not to know what is happening? is it not time to talk to your sister Farida Waziri to step up action and show Nigerians that YAR DUA rule of law is not a camouflage?

i think enough is enough. you only have less 24 months to get out of that place, let nigerians decide who will truly rule them.

By: henry ,Baltimore ,MD

henry ,Baltimore ,MD — Thu, 09 Jul 2009 09:14:17 +0000

ITS A SHAME ON THIS PEOPLE, THE PROBLEM WITH NIGERIANS IS THAT WE LIVE ABOVE OUR MEANS. MODESTY IN ALL THINGS IS VERY IMPORTANT. I DONT REALLY HAVE RESPECT, NO RESPECT TO NIGERIA MILLIONAIRES EXCEPT THOSE WHO REALLY WORK HARD FOR THE MONEY , NOT ALL THESE 419 CALLING THEMSELVES POLITICIANS AND BUSINESSMEN .
B4 RELOCATING FROM NIGERIA , I M STILL HAVING MONEY AT ALPHA MERCHANT BANK AND ALLIED BANK. WHAT KIND OF SOCIETY IS THIS ? ITS A SHAME ON THEM. NEMESIS WILL CATCH UP WITH THIS PEOPLE. OLE , THIEF

By: adeola

adeola — Thu, 09 Jul 2009 09:02:56 +0000

i think this is the right time for EFCC to act, let Faridal Waziri proof herself that she worth being an efcc boss.i hope nemesis will catch up with these big men who defraud our banks.

By: Abdullahi A., Abuja

Abdullahi A., Abuja — Thu, 09 Jul 2009 09:02:12 +0000

MR COLLINS, or what did you called your name, I want to assure you that it is only an insane or saddist that can say what you have said. Without banks, a country cannot exist and prosper….so by mere emptying your ill-gotten ideas that we don’t have banks but casinos, you are definitely castigating your country’s financial institutions. Mind you, banks do not deny their customers the money they deposited at any moment they intend to withdraw nor refuse to give them credit facility through a laid down procedure. So, if you were denied given N1,000,000.00 by any bank, that means you did not meet up to their requirements. Again, mind you paying high salary to bank’s staff is not done in ignorance as you cannot give custody of billions of Naira to people who are not well-fed. I hope you would have a good thinking to reason in this direction.

By: chidun

chidun — Thu, 09 Jul 2009 08:55:03 +0000

its all good that the truth is coming out let me tell us something this is messed up with criminals as leaders.mr sanusi i ulge u to finish up this deal because u guys are good in bringing out issues but at the end it wil be covered up.this is because all din together in disbranding this nation.ihope mummy rebranding hav heard this please he should quickly go and brand em before there rebranding and madam EFCC can she still go now and query them or she needs evidence from the deprived citizen of nigeria.i ask why all these noise by government we know them all but one day ihand wil stand and colonize them all into ashes God bless faithful nigerians

By: Jude-Silva Okonkwo

Jude-Silva Okonkwo — Thu, 09 Jul 2009 08:52:09 +0000

It’s shocking to note that bizarre things now happen in this country on routine basis. By now, I had expected some resignations from both private and public office by those involved in this shameful and heinous act. Returning money is not the issue now, but has anybody deemed it necessary to think of the social dislocation this issue has caused? Many deaths may have occurred, marriages broken, induced health issues, loss of confidence, children thrown out of schools and many maladies too numerous to mention. These are the real issues and not the monitary value involved. All the people fingered (the real guilty ones) must as a matter of utmost urgency refund money owed. Prosecution of people involved is another kettle of fish. I don’t have the confidence that will ever happen talkless of jailing whoever that is found guilty. Commendation must go to the senate committee for making this known to the public. To CBN and NDIC, this is the time to wield the big stick!

By: Joel

Joel — Thu, 09 Jul 2009 08:51:55 +0000

They should be forced to pay.

By: ezenaka ugoo

ezenaka ugoo — Thu, 09 Jul 2009 08:38:47 +0000

is it not funny that after ruining these banks and using the depositors money for their private use ,they are just paying them back and some others promising to pay back with no eyebrows being raised by anyone at the EFCC.what on earth is wrong with this god damned country called nigeria?
i hope nemesis will catch up with all of them one day cos left for EFCC,they are just toothless.

By: Zainab Jatto

Zainab Jatto — Thu, 09 Jul 2009 07:59:29 +0000

It is so disheartening that our so called law makers will act this way. Majority of them are board members to the failed bank, while another great number of them have taken huge amounts of loan to service their outrageously flambouyant lifestyles and political ambitions….

By: ifeanyi

ifeanyi — Thu, 09 Jul 2009 07:51:18 +0000

We hope that the CBN governor and NDIC Managing Director will come to the senate and reconcile thier accounts as for the indebtedness of the Bank directors and customers. The regulatory bodies need to put in place mechanism that will ensure that Directors do not abuse the privilege they have by defrauding innocent customers.