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How Can Ex-cbn Director Worth =n=400m - Politics - Nairaland

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How Can Ex-cbn Director Worth =n=400m by dejgan: 5:55pm On Aug 25, 2007
The recent public declaration of assests led by president yar'adua is really opening up issues. Are CBN directors paid in dollars like Okonjo-Ewealla too (though we know they have a slightly different salary structure from others civil service). Let somone explain where soludo's ex-aide got assets worth over 400M naira. Did he also inherit them? I believe there are codes for the civil service, I am suprised the House of Assembly screened all these people and passed them instead of referring them for prosecution.

Why wont the likes of Oprah declare all Nigerians as corrupt. These are individuals that should appear on EFCC's TV adverts as resposible for the deplorable state of the country.
Re: How Can Ex-cbn Director Worth =n=400m by Seun(m): 6:01pm On Aug 25, 2007
Any link to the source of this story? We don't even know the name of this person!
Re: How Can Ex-cbn Director Worth =n=400m by DRANOEL(m): 6:06pm On Aug 25, 2007
dejgan:

The recent public declaration of assests led by president yar'adua is really opening up issues. Are CBN directors paid in dollars like Okonjo-Ewealla too (though we know they have a slightly different salary structure from others civil service). Let somone explain where soludo's ex-aide got assets worth over 400M naira. Did he also inherit them? I believe there are codes for the civil service, I am suprised the House of Assembly screened all these people and passed them instead of referring them for prosecution.

where did he declare his assets and how did you get the info,importantly who is he?




Re: How Can Ex-cbn Director Worth =n=400m by dejgan: 6:09pm On Aug 25, 2007
he is the nu minister of finance
Re: How Can Ex-cbn Director Worth =n=400m by Abeem(m): 6:32pm On Aug 25, 2007
dejgan:

The recent public declaration of assests led by president yar'adua is really opening up issues. Are CBN directors paid in dollars like Okonjo-Ewealla too (though we know they have a slightly different salary structure from others civil service). Let somone explain where soludo's ex-aide got assets worth over 400M naira. Did he also inherit them? I believe there are codes for the civil service, I am suprised the House of Assembly screened all these people and passed them instead of referring them for prosecution.

Why wont the likes of Oprah declare all Nigerians as corrupt. These are individuals that should appear on EFCC's TV adverts as resposible for the deplorable state of the country.


We should not take delight in casting everybody in the mould of corrupt politicians.  A little reseach can serve to educate the discerning minds.

Before you go to press to broadcast and cast aspersions on the integrity of other people, the least you can do is to  let us know the source of your information and educate folks on the make up of the assets?
Granted that there are corrupt politicians who deserved to be castigated and ridiculed but not everybody is corrupt. If you pick up the prospectus of companies going public or take a little time to peruse annual general reports of publicly quoted companies, you will be shocked to know that many Nigerians are stupenduously rich by virtue of their investment in stocks.

So if the former deputy governor of CBN says he has more than 400 million naira, what is the big deal. I know of a former director of CBN who has served and is still serving on the board of First Bank who has investment of close to 260 million shares, repeat shares and not the value of the shares. You can multiply that number by the price of one share and have a feel of his personal worth on this investment alone.

MDs of banks are worth more than the former deputy governor of the CBN is worth.  If tomorrow one of them is nominated as minister and he declares his asset running into billions, you guys will just label him as corrupt without finding out how he made his money, which is an open secret.
Re: How Can Ex-cbn Director Worth =n=400m by dejgan: 1:35pm On Aug 27, 2007
Abeem, one can always be corected but with adequate facts. Nigerians need to be enlightened on issues like this and that is the reason for the posted message. Please give us info as per the previous appointments of the new finance minister who was the deputy-governor of central bank. I agree many of these bank MDs and directors have so much in shares. Give us facts and details of his previous stuffs in the banking industry. Your comments are appreciated. thanks!
Re: How Can Ex-cbn Director Worth =n=400m by osereka(m): 1:51pm On Aug 27, 2007
PEOPLE SHOULD STOP THINKING THAT EVERY RICH PERSON IN NAIJA IS CORRUPT
becouse you cant drink garri in your house does not make others
that are feeding well thieves.
Re: How Can Ex-cbn Director Worth =n=400m by panalyst(m): 2:45pm On Aug 27, 2007
This is how we get carried away. Shamsudeen Usman declaring 400 million naira. There is nothing wrong with that. He has been in the banking industry for over 20 years and has been the MD of banks, as well as on the board. Because he takes up a job as CBN governor does not mean he can not have money we need to seperate career professionals from career politicans.
Re: How Can Ex-cbn Director Worth =n=400m by osereka(m): 4:15pm On Aug 27, 2007
EVEN CARRIER POLITICIANS
HAVE THE RIGHT TO BE RICH!
Re: How Can Ex-cbn Director Worth =n=400m by McKren(m): 5:29pm On Aug 27, 2007
Dejgan

So you dont know the difference between being CBN Deputy Governor and Being aide to CBN Governor

Or how difficult is it to say Shamsudeen Usman is worth whatever.
Re: How Can Ex-cbn Director Worth =n=400m by Abeem(m): 1:48am On Aug 28, 2007
dejgan:

Abeem, one can always be corected but with adequate facts. Nigerians need to be enlightened on issues like this and that is the reason for the posted message. Please give us info as per the previous appointments of the new finance minister who was the deputy-governor of central bank. I agree many of these bank MDs and directors have so much in shares. Give us facts and details of his previous stuffs in the banking industry. Your comments are appreciated. thanks!

Here is the biodata of the Minister, FMF for your reading pleasure. Enjoy!
1. Planning Officer, Kano State Ministry of Economic Planning (1974 - ­1976),
2. Lecturer, Ahmadu Bello University, Zaria, (1976 - 1981),
3. Controller, Nigerian Industrial Development Bank (NIDB) (now Bank of Industry) (1981 - ­1985),
4. Director of Budget/Special Economic Adviser (while on leave of absence from NIDB) (1981 - 1983),
5. General Manager, Corporate Banking, NAL Merchant Bank Plc (1985 - 1998),
6. Director-General, Technical Commiitee on Privatisation & Commercialisation (TCPC), now Bureau of Public Enterprises (BPE) (1989 - 1991).
7. Executive Director, United Bank of Africa Plc and later Union Bank of Nigeria Plc between 1992 and 1994
8. Managing Director & Chief Executive, NAL Merchant Bank Plc October, 1994 - June 1999
9. Deputy Governor, Central Bank of Nigeria (CBN), from June, 1999 - July 2007. While in the CBN, he was in charge of financial sector surveillance from June, 1999 to December, 2003 and in charge of operations from January 2004 until his appointment as the Hon. Minister of Finance.
10. Honorable Minister, Federal Minister of Finance, July 2007 to present.

What an intimidating and impressive resume.

Dr. Usman has attended many international conferences and missions and served on the boards of several public and private sector companies. He has also earned several honours, including President, Nigerian Economic Society (NES) (1986 - 1987), Fellow, NES (June, 1995) and Officer of the Order of the Federal Republic (OFR).
Re: How Can Ex-cbn Director Worth =n=400m by dejgan: 3:20pm On Aug 31, 2007
one can always be corected but with adequate facts. Nigerians need to be enlightened on issues like this and that is the reason for the posted message. Please give us info as per the previous appointments of the new finance minister who was the deputy-governor of central bank. I agree many of these bank MDs and directors have so much in shares. Give us facts and details of his previous stuffs in the banking industry. Your comments are appreciated. thanks!

@Abeem, thanks once again for the facts. you helped a lot of people understand what actually goes on. Having seen several articles without anyone really analysing the previous appointments of the guy, it became imperative to ask such questions. as for the other guys, wonder if they ever heard the word "enlightenement". Abeem, ve read some of your other postings too. quite educating stuffs. that is what this forum is all about. thanks!
Re: How Can Ex-cbn Director Worth =n=400m by Abeem(m): 1:46am On Sep 02, 2007
@dejgan
I am honored by your compliments and the level of your humility. We all learn from each other because nobody has the monopoly of knowledge. Your contributions to the forum are equally informative and valuable. Thanks man.

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