Manipulation Of Finbank Plc Recapitalization Process

Sanusi is the worst CBN governor who does not know his right from his left, how can u allwo FCMB to buy over Finbank and ignore the main shareholders of the bank,simply because they were arraigned for whatever reasons you have,pls mr governor can we knw what and how far has these banks gone ever since they former MD's were arraigned let us seperate facts and figures and know which way to best to follow. Corrupt governors, corrupt people!

These allegations are verifiable. The relevant authorities should not sacrifice equity on the alter of expediency in the sale of these CBN-rescued banks. The bidding process should be well advertised, transparent, shareholders carried along so that at the end of the day, shareholders will not multiply litigations on the banks with the possibility of erosion of further value. We wait.

Please substantiate your story with facts, sources & figures where possible. Ple let be possitive about issues we almost 50 years of existance but we don't still appreciate things for no reason. Haba 9ja people.

we av said at over an over again s dat he canot sell wat e does not own.d banks belong 2 shareholders.Y will sanusi allow unity 2 recarpitalise but want 2 sell d other banks.NIGERIANS SHOULD RESIST ANY ATTEMPT 2 MORGAGE D BANKS ALL IN D NAME OF REFORM

As a former control staff in banks I know all the lies and manipulations at the top level in banking; I regret that I could fall for the booming of the capital market thus lost £4200 in shares from a pressured in-law. Is okay, one day is for the thief and another day for owners.

Advice to all good people of Nigeria. DO NOT BUY ANY COMPANY SHARE 2. DO NO BUY ANY BOND. 3. INVEST ONLY IN REAL ESTATE. 4. IGNORE THIS WARNING AND MAKE MONEY FOR THE CORPORATE ROGUES

hhhhhhhhhmmmmmmmmmmmmmmmmmm............

They punctuated Soludo's sensible plan to deepen the financial system, the mob being ignorant of financial matters applauded. We are now in the era of primitive and 'do-nothing' banking. Financial intermediation is currently in reverse gear. Any sensible Analyst knows that the economy has been at stand still for over 0ne year now and will most likely remain so for the next 4 years given the contemporary policy stance. The mob can be excused for their innocent ignorance, but the annoying aspect is that those ruling us appear hopelessly oblivious of long term consequences of causing this manner of static interference in financial flows through ad hoc regulation. Only time will tell.

I cannot express the level of insensitivity by the CEO’s/management of our banks in Nigeria to shareholders and depositors funds, we taught when the their capital base was raised to N50bn and these banks have come stay for good till eternity and for development, but instead the CEO’s became frivolous with funds put in their custody as personal monies for their ostentatious life style with their cronies and so called “BIG Fish or the untouchables” in the society.
Instead of creating an effective retail banking that will also provide massive soft loans for unemployed graduates that will easily pay back the loans for SME’s projects given, but they choose to make the “bigs” get bigger perhaps to buy shares in Transcorp or acquire NITEL etc, import our Petroleum as products, run elections etc. and personal wealth aggrandizement in staggering billions of Naira by CEO’s of banks.
Prof. Soludo former CBN Governor did not also help matters he also helped in the deceit till it got to this stage by giving the impression that all is well in the banking sector..
l thought these banks have good risk management or managers/officers, maybe they only exist on ground but not active or perhaps they are rubber stamps receiving fat salaries at the end of each months.
Too much money lying fallow their vaults and they were misused by the CEO’s of these banks, we taught after the so called big banks acquired the smaller ones.
We taught new life and fresh ideas have come to the banking sector but instead they are worst, spoilers and vampires and manipulators still there for their selfish aim FCMB invisible hand and IBTC in-plant in Finbank acquisition with their lowest bid?
Personally, l have lost millions(N) of my saving in 9ja bank stocks due to these wrong/selfish policies n greed in NSE others like DAAR Comm.etc since 2007. So no honest way to make wealth in Nigeria? We SHAREHOLDERS r suffering huge losses then & now from all these manipulations in the 9ja failed system/state.
WHICH WAY 9ja?

I cannot express the level of insensitivity by the CEO’s/management of our banks in Nigeria to shareholders and depositors funds, we taught when the their capital base was raised to N50bn and these banks have come stay for good till eternity and for development, but instead the CEO’s became frivolous with funds put in their custody as personal monies for their ostentatious life style with their cronies and so called “BIG Fish or the untouchables” in the society.
Instead of creating an effective retail banking that will also provide massive soft loans for unemployed graduates that will easily pay back the loans for SME’s projects given, but they choose to make the “bigs” get bigger perhaps to buy shares in Transcorp or acquire NITEL etc, import our Petroleum as products, run elections etc. and personal wealth aggrandizement in staggering billions of Naira by CEO’s of banks.
Prof. Soludo former CBN Governor did not also help matters he also helped in the deceit till it got to this stage by giving the impression that all is well in the banking sector..

l thought these banks have good risk management or managers/officers, maybe they only exist on ground but not active or perhaps they are rubber stamps receiving fat salaries at the end of each months.

Too much money lying fallow their vaults and they were misused by the CEO’s of these banks, we taught after the so called big banks acquired the smaller ones.We taught new life and fresh ideas have come to the banking sector but instead they are worst, spoilers and vampires and manipulators still there for their selfish aim FCMB invisible hand and IBTC in-plant in Finbank with their lowest bid?

Personally l have millions of my saving in 9ja bank stocks due to these wrong/selfish policies n greed in NSE. So honest to wealth in Nigeria? WHICH WAY 9ja?

It amaze me the way some IGNORANT Nigerians always read religion and tribal meanings to every issue at hand,how can we make progress with this kind of attitude?Fin bank shareholders,customers and even staff cut across all the 6zones in Nigeria.The bank was formed following the merger of 3banks,INLAND BANK(100%owned by Bauchi and Gombe state govts,and they are still shareholders),FIRST ATLANTIC bank and IMB,PLC.in 2002 bank consolidation exercise.

What is all these.The other day a lady ran away with 5.2billion,now another imminent fraud of great magnitude is the works at Finbank.what is all this for goodness sake????i hope the Governor of CBN is not sleeping?where is investors confidence in all this??

let those idiots acting as the new management note that some innocent investors were cajoled by prof.soludo to invest in these banks.jonathan should stop all this stupid manipulations going on under his nose through the connivance of mr.sanusi,because since his fellow hausas do not invest,he is free to clean-up the southerners who have been making this country a living place all this while.without the investment of the southerners,nigeria would have been a complete jungle.wiping out the innocent southern investors life savings does not benefit any one except sanusi and his cattle rearing notherners.if not,how come unity bank which belongs to the notherners was saved and the other banks were thrown to the dogs.i am not in any way exonerating the criminals(mrs ibru ,akingbola & co)that went on stealing spree as if it was a competition,all i am saying is that the cbn should bear the responsibility of all the damages because they were there as the regulator and soludo was giving shameless press conferences that all the banks were safer than safety itself.jonathan,if you allow sanusi to destroy your people,then the cries of the innocent investors will forever hunt you and your family.a shameless country where manipulation and destruction is the order of the day,if not, how could somebody like babangida ever try to ruin nigeria again after 8yrs of total disater both in stealing,drug pushing,murders and other vices.somebody that was supposed to be on chains waiting for the hang-man

That fat ass Iroche and her fellow fraudulent directors belong in jail. This Sanusinomics is allowing lazy folks to reap where they did not sow. Oh Stanbicibtc is involved to launder the money to Sanusi through that big mouth peterside boy. Who is protecting the investors? Anyway, folks lets head to the USA courts where CBN has funds with JP MORGAN,HSBC,CITIBANK etc. Selling of other peoples shares for commission paid to CBN is a commercial activity that falls outside the purview of sovereign immunity. In any case lets depose Sanusi to also demonstrate his indoctrination of Mutalab the bomber through his Gamji site which is anti western economics protection rights of other persons sweat. JP MORGAN etal better review your relationship with these money launders.

That fat ass iroche needs to be in jail. Trying to reap where she did not sow. This is sanusinomics with the advise of that stupid peterside. Wonders will never end. where are the investors? who is protecting them--as one, am heading to the USA court to sue the CBN as sovereign immunity wont protect them here--selling of investors shares is commercial activity and thus falls outside the purview of sovereign immunity--JP Morgan and Stanbic here we come--you better review your relationship with these rascalls. Sanusi got away with indoctrinating MUTALAB the bomber at his Gamji website--boy we d depose you and expose your anti-west economy and civilization this time.