CBN may sack 7 other bank Mds - As CBN may release audit report this week - Reps summon Sanusi over N400bn bailout - Intercontinental Bank’s substantive CEO, Alabi, resumes
From Odidison Omankhanlen, Friday Ekeoba and Leon Usigbe - 01.09.2009

NO fewer than seven more banks may come under the Central Bank of Nigeria (CBN) hammer, as the apex bank is set to announce the completion of the audit exercise conducted on another set of 11 banks.


According to a dependable source at the apex bank, the CBN Governor, Mr. Sanusi Lamido Sanusi, will this week announce the full results of the examination exercise which ended last week, adding that more bank chief executives would be affected.


He explained that the CBN auditors made startling discoveries on the level of rot in the banks, stating that the bank chiefs were involved in insider abuses, coupled with breach of corporate governance in their respective banks.


The source further said that the level of non-performing loans discovered in the first round of the audit report was small compared with that of the 11 banks that had just been audited.

http://www.tribune.com.ng/01092009/news/news1.html

Nonsense.

So when he was talking linearly about EDW being the most important parameter, he did not know that a job like this had to be done more professionally?

Infact I am almost sure some of the banks he gave pass mark are not really clean.

Boko haram banking.

Hypertension

SANUSI should take it easy o; some people have "weak" hearts.

Nigerians keep praying for someone to come and "clean up their system". The one has come now who is cleaning up what he can within his jurisdiction and they are throwing rocks at him. The miseducation of the Nigerian man is complete.

He should do the clean up without much drama.

otokx:

He should do the clean up without much drama.

I think you'll find the drama is created by political posturing from EFCC as well as journalists who are paid to advocate on behalf of the wrongdoers. Nuccas broke the rules of correct banking practices and put their banks in danger. The CBN bailed them out and sacked the nuccas for their wrong practice. I dont see what the brouhaha. Sanusi should ride on jare.

OP how are you?

How does this post concern us... Are the properties responsible for the dollar rise to 1.6k or for fuel getting to 850 or for rice getting to 75k per bag

Or is it meant to distract NLC from the demonic 45k minimum wage proposed by FG