A Reaction to Tunde Fagbenle on His view on Sanusi Lamido (l) by Iroabuchi Onwuka

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Iroabuchi Onwuka

Yesterday article by Tunde Fagbenle on Sanusi question, “One year After, Is Lamido Sanusi TheMessiah’ (?), reveal much of the rift between Nigerian worlds. The gulf is considerable between Nigerians in US and Nigerians at home, especially in areas of market and in matters of banking and finance. Information mining I was told is increasingly lucrative in Nigeria. From this article I can understand why, why information or adequate repository of information is entirely rewarding and why information and pure play are keys for the market Nigeria. I felt it necessary to make relevant correction or provide some commentary on Fagbenle article since such matters concerns Sanusi and his supporters at CBN, in a matter between Sanusi and the people of Nigeria, between those who make it clear that his tactics has no place in banking anywhere and those his apologetics who mask the odor of . But it is late in the evening in NYC, North of Houston is noisy, and the rain falling in bits. You are forced to contemplate the veracity on the man Sanusi and his style of Banking. Has he done any wrongs? Has he really done any damage to the society that he is supposed to be a thorn in the flesh of his redoubtable?

But the man has courted controversy from day one, and he had publicly inveighed against a category of financial type who he nearly labeled as essentially corrupt, spanning of the levity that by the very nature such an Ones are incapable of good. We, the observers, are forced to chime on his vitriolic aghast the failure of Nigerian financial society. But Nigeria was not the only country that was affected, the world had a problem of compressed value, and their common place VaR was widely misleading.

We enjoin the many few who turned a new leaf in banking and of course, and who saw that prices had to be paid and that it may seem evident that CEOs will very likely to lose their offices. Such Mae Culpa is not enough in understanding the nature of the converging cascade in Nigerian banking and what happened. For it may or may not have seen evident to Nigerians, that there was other motive perhaps influence at work in what may have been a white hostility of Sanusi. Such hostility to other bankers may define itself as intently, given the greater insight that Sanusi seemed to have acquiesced at the exit of Yar’ duwa from office. If only an observer will have noticed the descent of his manners at the inception of Jonathan Goodluck as president, it will become clear that the braggadocio of the man had other ingredients.