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  #9361 (permalink)  
Old 14th November 2012, 05:23 PM
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Default Re: The Banks

Quote:
Originally Posted by nosa2 View Post
Truth is that until I see this requirement on the official CBN website or document I refuse to believe that SLS would be so stupid. I've heard a lot of "facts" being peddled that turned out not to be facts, and if truly SLS stipulated an unconstitutional geopolitical criteria then he's unfit to be CBN governor.
See Part 2, Under "Licensing of Commercial Banks"

Quote:
For the avoidance of doubt:
a) A Commercial Bank with regional banking authorisation shall be entitled to carry on its banking business operations within a minimum of six (6) and a maximum of twelve (12) contiguous States of the Federation, lying within not more than two (2) Geo-Political Zones of the Federation, as well as within the Federal Capital Territory.
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  #9362 (permalink)  
Old 14th November 2012, 06:28 PM
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Default Re: The Banks

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Originally Posted by hispy99 View Post
See Part 2, Under "Licensing of Commercial Banks"
What a shame, to me this shows a tribalistic mindset. What is the legal definition of geo-political zones? It's actually a creation of the PDP and thou it seems to have caught on in society it has absolutely basis in law and definitely won't stand up in court.
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  #9363 (permalink)  
Old 14th November 2012, 08:29 PM
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Default Re: The Banks

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Originally Posted by emmanuel ewumi View Post
Eastern business in Maiduguri, Makurdi, Sokoto, Warri, Lafia should not be encouraged.
you are actually contracditing yourself with this statement. if they form regeonal bank how will it help easterners on maiduguri. CBN is wrong in that statement becCAUSE a national bank can still encourage the business of these people
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  #9364 (permalink)  
Old 15th November 2012, 03:31 AM
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Default Re: The Banks

Develop Agric Credit Instruments, FG Tells Banks, Articles | THISDAY LIVE
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  #9365 (permalink)  
Old 15th November 2012, 03:33 AM
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Default Re: The Banks

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  #9366 (permalink)  
Old 15th November 2012, 03:34 AM
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Default Re: The Banks

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  #9367 (permalink)  
Old 15th November 2012, 03:36 AM
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Default Re: The Banks

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  #9368 (permalink)  
Old 15th November 2012, 10:50 AM
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Default Re: The Banks

Quote:
Originally Posted by pegheneji View Post
you are actually contracditing yourself with this statement. if they form regeonal bank how will it help easterners on maiduguri. CBN is wrong in that statement becCAUSE a national bank can still encourage the business of these people

It is to help the businesses of the stakeholders in Maiduguri. You are the person that said Fidelity can always take of about Eastern businesses in Onitcha, Aba, Nnewi. I then asked what should happen to their businesses in a place like Lokoja, Maiduguri etc.

Stakeholders in an area, should always be encouraged to form any group, association or organisation that they think can unleash the economic potential in where they are domiciled. The groups, associations or organisations can be a bank, Industrial estates, Educational institutions, Free trade zones,Small and medium business parks etc.
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  #9369 (permalink)  
Old 15th November 2012, 11:58 AM
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Default Re: The Banks

Quote:
Originally Posted by emmanuel ewumi View Post
It is to help the businesses of the stakeholders in Maiduguri. You are the person that said Fidelity can always take of about Eastern businesses in Onitcha, Aba, Nnewi. I then asked what should happen to their businesses in a place like Lokoja, Maiduguri etc.

Stakeholders in an area, should always be encouraged to form any group, association or organisation that they think can unleash the economic potential in where they are domiciled. The groups, associations or organisations can be a bank, Industrial estates, Educational institutions, Free trade zones,Small and medium business parks etc.
Do you own a business?
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  #9370 (permalink)  
Old 15th November 2012, 12:00 PM
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Default Re: The Banks

Banks to commence bio-metric data capture for customers

Quote:
He said the national data system had not been forthcoming and that banks have decided not to continue to wait for the purported national data system by the National Identity Management, but to go ahead with their own data
Now its the banks that will be doing what a responsible govt should have done all this while
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  #9371 (permalink)  
Old 15th November 2012, 12:05 PM
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Default Re: The Banks

Quote:
Originally Posted by emmanuel ewumi View Post
It is to help the businesses of the stakeholders in Maiduguri. You are the person that said Fidelity can always take of about Eastern businesses in Onitcha, Aba, Nnewi. I then asked what should happen to their businesses in a place like Lokoja, Maiduguri etc.

Stakeholders in an area, should always be encouraged to form any group, association or organisation that they think can unleash the economic potential in where they are domiciled. The groups, associations or organisations can be a bank, Industrial estates, Educational institutions, Free trade zones,Small and medium business parks etc.
i never made mention of those places, the reason of mentioning fidelity and easterners is to let you know that we do not need regional bank as you supported in CBN's speech when you mentioned wema and unity.
The main point here is that we do not need regional bank to meet the banking needs/support for easterners. you mentioned that there is unity and wema thereby supporting regional for the east. you actually mixed many points up as you later agreed that unity is a national bank. anyway, i think this issue is not worth the attention only that SLS is an apostle of confusion
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  #9372 (permalink)  
Old 15th November 2012, 12:17 PM
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Default Re: The Banks

Quote:
Originally Posted by nosa2 View Post
Do you own a business?

Yes.
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  #9373 (permalink)  
Old 15th November 2012, 12:19 PM
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Default Re: The Banks

Quote:
Originally Posted by pegheneji View Post
i never made mention of those places, the reason of mentioning fidelity and easterners is to let you know that we do not need regional bank as you supported in CBN's speech when you mentioned wema and unity.
The main point here is that we do not need regional bank to meet the banking needs/support for easterners. you mentioned that there is unity and wema thereby supporting regional for the east. you actually mixed many points up as you later agreed that unity is a national bank. anyway, i think this issue is not worth the attention only that SLS is an apostle of confusion

Unity is not a regional bank, the only regional bank is wema Bank.


http://www.businessdayonline.com/NG/...regional-banks According to the CBN guy


He lamented that out of 9000 Micro finance banks in Nigeria 440 of the banks are in the south and that out of this number only 164 of them are in the South East,” 18 in Abia, 75 in Anambra, 8 in Ebonyi, 23 in Enugu and 40 in Imo state” he noted. He however pointed that without sound education they would be no development,urging the forum to have the challenges of education as a major priority.

Last edited by emmanuel ewumi; 15th November 2012 at 12:33 PM.
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  #9374 (permalink)  
Old 15th November 2012, 01:45 PM
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Default Re: The Banks

Quote:
Originally Posted by emmanuel ewumi View Post
Yes.
Then you should know that businessmen don't care for tribe or associations, running a business in Nigeria is hectic enough and to expect businessmen to start forming tribal associations is just ludicrous
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  #9375 (permalink)  
Old 15th November 2012, 01:50 PM
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Default Re: The Banks

Quote:
Originally Posted by nosa2 View Post
Then you should know that businessmen don't care for tribe or associations, running a business in Nigeria is hectic enough and to expect businessmen to start forming tribal associations is just ludicrous

Stakeholders' association. That is why we have Manufacturers Association of Nigeria, Nigerian Employers Consultative Association, Depot Owners Association of Nigeria, Bankers Forum, Bakers Association. Small and Medium Enterprise Association.

Even in international business and diplomacy we have Paris Club, G7, NATO etc.
What is the essence of this group to enhance and protect their business, security, economic and political interests.

Last edited by emmanuel ewumi; 15th November 2012 at 01:53 PM.
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  #9376 (permalink)  
Old 15th November 2012, 02:19 PM
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Default Re: The Banks

Quote:
Originally Posted by emmanuel ewumi View Post
Stakeholders' association. That is why we have Manufacturers Association of Nigeria, Nigerian Employers Consultative Association, Depot Owners Association of Nigeria, Bankers Forum, Bakers Association. Small and Medium Enterprise Association.

Even in international business and diplomacy we have Paris Club, G7, NATO etc.
What is the essence of this group to enhance and protect their business, security, economic and political interests.
How many of these are based on tribe
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  #9377 (permalink)  
Old 15th November 2012, 02:29 PM
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Default Re: The Banks

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Originally Posted by nosa2 View Post
How many of these are based on tribe
I never mentioned tribe, I have always used the word stakeholders. Dangote, Folawiyo, Otudeko, Adenuga, Coscharis, Ibile holding, Ibeto, Okoya etc are all stakeholders in the South West. Nothing stops these people from forming any group or organisation that will further enhance their businesses.

Stakeholders can be united by various factors, occupation, industry, market, location, interest etc.

Last edited by emmanuel ewumi; 15th November 2012 at 02:48 PM.
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  #9378 (permalink)  
Old 15th November 2012, 02:36 PM
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Default Re: The Banks

Quote:
Originally Posted by emmanuel ewumi View Post
I never mentioned tribe, I have always used the word stakeholders. Dangote, Folawiyo, Otudeko, Adenuga, Coscharis, Ibile holding, Ibeto, Okoya etc are all stakeholders in the South West. Nothing stops these people from forming any group or organisation that will further enhance their businesses.

Stakeholders can be united by various factors, occupation, industry, market, location, interest etc.
As matter of fact Manufacturers from various industries, business, states established a Manufacturer's Bank in Nigeria ie Manny Bank in the 90s. The bank later merged during Soludo's consolidation era. The sole aim of the bank was to finance manufacturing.
UAC and her subsidiaries were the Major shareholder in the former Prudent bank, that later merged to become Skye Bank.
The mega bank introduced by Soludo led to mega fraud and manipulation in our banks.

Last edited by emmanuel ewumi; 15th November 2012 at 02:53 PM.
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  #9379 (permalink)  
Old 15th November 2012, 02:44 PM
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Default Re: The Banks

Quote:
Originally Posted by emmanuel ewumi View Post
As matter of fact Manufacturers from various industries, business, states established a Manufacturer's Bankin Nigeria ie Manny Bank in the 90s. The bank later merged during Soludo's consolidation era. The sole aim of the bank was to finance manufacturing.
UAC and her subsidiaries were the Major shareholder in the former Prudent bank, that later merged to become Skye Bank.
The mega bank introduced by Soludo led to mega fraud and manipulation in our banks.
so there were no fraud before the consolidation
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  #9380 (permalink)  
Old 15th November 2012, 02:47 PM
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Default Re: The Banks

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Originally Posted by goldsun View Post
so there were no fraud before the consolidation
We had fraud but not the over 100 billion Naira fraud by a banker after the consolidation. Bankers had more money to play and gamble with.

Last edited by emmanuel ewumi; 15th November 2012 at 02:49 PM.
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