By Godwin Oritse
A member of the House of Representatives, Mr Vitalis Okafor has said that unless the full weight of the law was brought to bear on the individualsÂ indebted to the five banks, whose Managing Directors and board were sacked by the Central Bank of Nigeria, there was the likelihood of a repeat of such practice.
The lawmaker called theÂ Economic and Financial Crimes Commission (EFCC) to ensure that all the five chief executive officers and board of directors, recently booted out by the CBN did not go unpunished.
Mr Okafor,Â who represents Ihiala Federal Constituency in Anambra state, in a statement yesterday, also commended the CBN Governor, MallamLamido Sanusi for â€œthe courageous act of taking the bull by the hornâ€, adding that this ought to have been done a long time ago, asÂ â€œevery discerning investor could read the handwriting on the wall that all was not well with the nationâ€™s banking system.â€
He recalled the situation several months ago, when some of the affected banks embarked on unprofessional practice of de-marketing, â€œthereby raising false alarms about alleged unhealthy state of other banks, when in fact their own banks were recently already hemorrhaging and even comatose.â€
HeÂ dismissed claims in some quarters thatÂ Sanusiâ€™s action was in the pursuit of aÂ â€œnorthern hidden agenda to destroy strong southern banksâ€, arguing that to say so of the CBN Governorâ€™s action was â€œwicked and unpatrioticâ€.