Banking In Nigeria + Peter Okoye's new look

Have you guys been reading, hearing and watching all the things that I have in the last week or so about the banking industry in Nigeria? I don't think I've ever bought as many papers as I have in the last four days. There's fire on the mountain o...or is it being overly exaggerated like some people think? I have read so many articles written by different people with different schools of thought, that at this point all I can do is wait and see.

What do you guys think is going on? Is it exactly like the CBN is putting it or is there something else? Like a conspiracy?

~Somebody pointed out that former CBN Gov Charles Soludo removed the arabic inscription that used to be on the naira note when he changed the notes.

~I also read in one of the papers that the banking industry is being controlled by the Southerners and the Northerners arent happy about that.

~Some people are also wondering why the CBN didnt wait to finish the auditing of all banks before taking action.

~ The CBN wants to sell it's shares (Shares they acquired via bail out money) in the affected banks to individuals. Who will they be selling this shares to? And can they do that?

~And is it true that Charles Soludo's company is really owing banks N32billion?

~ The EFCC plan to arraign the sacked bank MDs and directors next week, and will be jailed if found guilty.

~Erastus Akingbola of Intercontinental Bank and Mrs Cecilia Ibru have still not reported to the EFCC. They are out of the country

~ Erastus Akingbola has taken the CBN to court over his removal

~ The CBN governor wants to reduce the number of banks in Nigeria from 24 to 15. Is that feasible?

~And is it OK to publish names of debtors on all national newspapers? Is that done in civilized societies?

I personally welcome the reforms going on the banking industry as long as it's done with good intentions and not some sort of war against some people...

What do you guys think?

By the way, we don't have that many billionaires in Naija. They owe too much money to be called billionaires


News of the day
EFCC freezes accounts of ex-bank MDs
The Economic and Financial Crimes Commission (EFCC) has frosen the accounts of the sacked managing directors and executive directors of the five banks taken over by the Centarl Bank of Nigeria. And in other to forestall the transfer of funds from the accounts of the sacked MDs and Execs, EFCC has oredered that no withdrawal should be allowed in the accounts until further notice.

Wyclef to host MAMA Awards

Urban music Legend and hip hop rebel Wyclef John is the host of this year's MTV Africa Music Awards with Zain (MAMA AWARDS) holding in Nairobi Kenya on October 10 2009. Wyclef will perform live along the hottest contemporary music talents from across Africa, Kenya's Wahu, M.I, SA's Lira and Ghana's Samini.
On hosting the MAMA's, Wyclef says "The prodigal son is returning home. Anything can happen."

Peter Okoye's new look






Peter feeling cool...lol.

Photo of the day

Please leave Caster Semenya alone, she's female. What the hell???

Great weekend.