Soludo and Nigerian banks

Posted by Irabor Samuel on August 20, 2009 at 23:31:36:

Soludo did a good job strenghtening Nigerian banks. If these banks were not consolidated, we would have had more serious banks failing before now. If there were any banks falling behind in their loans then it is because of the Nigerian factor whereby the elite with their political connections seek to defraud banks by bribing their way and defaulting in their loan facilities. What is happening now is not because of the consolidation or what Soludo did (which in fact mitigated it) , but it was because of an inherent Nigerian factor. These banks would have failed anyway and much sooner than now if they weren't consolidated by Soludo.

Re: Soludo and Nigerian banks

Posted by Larry on January 28, 2010 at 00:10:24:
In Reply to: Soludo and Nigerian banks posted by Irabor Samuel on August 20, 2009 at 23:31:36:



I agree with you but I don't like how Sanusi is currently witch-hunting these strong banks. It is making our economy look weak



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