Last Updated- Nov 17, 2009 16:51 - - 1 Comment


I’m not on a personal crusade – Sanusi

Sanusi LamidoThe governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi has said his actions in streamlining the banking system in Nigeria are not a personal crusade.

“I will hope and pray that I don’t have to do this again,” he told reporters in response to questions in Accra at a press session while on a visit to Ghana.

“You only do this when you have big problems. I will love to have a very nice and boring job of just looking at inflation and interest rates and exchange rates and giving a communiqué after every monetary committee meeting, that’s what every central bank hopes for” he said.

He asserted that if there is a threat to micro-economic stability or a threat to financial stability “then we have to work to make sure that we rectify that.”

Mr. Sanusi called on all Africans to work to make sure things are done in the right way.

When he was asked if he viewed his actions as a personal crusade, he said, “is it a personal crusade? No I don’t think so.”

“All of us in Africa owe it to ourselves and to our people to begin to tell the world that we will do things in the right way and we are not going to wait for the Americans or the British to come and tell us what to do, but we will do it because it is good for our countries,” he said.

The central bank governor said his actions marks a personal commitment and contribution for the betterment of his society adding that “I do hope that it is a commitment that is shared by many people. And I do hope that we will be able to institutionalize the process so that whoever is there, will be obliged to keep to the institutional commitment,” He added.

Since his appointment sometime this year, some banks were ordered to be audited and many were found to have acted illegally in their dealings. About five bank CEOs were sacked, some were arrested and are standing trial.

Some of the banks were found to have given loans to their friends and cronies without going through the proper procedure.

A recent list of bank debtors included a former vice president of Nigeria, Abubakar Atiku, and businessman Alhaji Aliko Dangote.

By Emmanuel K. Dogbevi

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Comments

One Response to “I’m not on a personal crusade – Sanusi”

  1. samson mokwe. on November 19th, 2009 10:55 am

    good thing sanusi lamido is doing.bad expirience we had with banks in the past.

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